Shimao Property : Operating Statistics for October 2016

For the ten months ended 31 October

Contracted sales

Y-o-Y change

Contracted GFA

Y-o-Y change

(RMB million)

(%)

(sq. m.)

(%)

2016

56,564

+5%

4,079,518

-9%

2015

53,939

4,469,214

Announce Operating Statistics for October 2016 Contracted Sales amounted to RMB5.30 billion

Operating Statistics for the month ended 31 October (unaudited)*

(November 10, 2016 - Hong Kong) Shimao Property Holdings Limited ("Shimao Property" or the "Company", together with its subsidiaries, the "Group"; stock code: 813) is pleased to announce certain unaudited operating statistics of the Group for the ten months ended 31 October 2016.

In October 2016, the Group's contracted sales value amounted to approximately RMB5.30 billion (October 2015: RMB7.11 billion) and the contracted GFA amounted to 380,342 sq.m. (October 2015: 581,665 sq.m.). The Group's aggregated contracted sales for the ten months ended 31 October 2016 amounted to approximately RMB56.56 billion, representing a year-on-year increase of 5%. The average selling price for October 2016 was RMB13,937 per sq.m. and for the ten months was RMB13,865 per sq.m..

After the intensive roll-out of new tightening measures in the form of an upgrade in home purchase restrictions, LTV adjustments and ASP controls, transaction volumes slowed down significantly in those 20 plus cities. However, the sell through rates of certain projects in those regions are still decent, reflecting the fact that competitive projects at good locations can still achieve satisfactory sales results under tightening measures. The Group's newly launched projects in October received great responses - Xiamen Jimei project (Shine City) presold 550 units fetching a sales value of RMB1.9 billion, and Shaoxing Renmin Road project (Tianyue) achieved a sales value of RMB320 million. Moreover, the Group hosted a leasing presentation event for Chengdu Shimao Tower in October, introducing the mini mall product line to Chengdu for the first time.

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*All the above figures are unaudited and meant for reference only, and are not intended, nor should be construed, to be an investment advice. Investors should exercise caution when interpreting these data.

About Shimao Property Holdings Limited

Shimao Property is a leading developer of high quality real estate projects in China, with a broad-ranging portfolio of residential, commercial and hotel properties in prime locations. Currently, the Company has over 116 projects at different stages of development in 41 cities namely Shanghai, Beijing, Harbin, Wuhan, Nanjing, Fuzhou, Kunshan, Changshu, Shaoxing, Wuhu, Yantai, Shenyang, Suzhou, Xuzhou, Hangzhou, Mudanjiang, Dalian, Ningbo, Qingdao, Xiamen, Changsha, Guangzhou, Tianjin, Chengdu, Nanchang, Wuxi, Huizhou, Jinjiang, Hainan Wenchang, Jinan, Changchun, Nontong, Shishi, Minhou, Zhang Jia Gang, Chongqing, Yinchuan, Jiangyin, Shenzhen, Hong Kong etc..

The Group's highly-acclaimed projects have been well received by property buyers and investors both within the PRC and internationally, and have been accredited numerous awards. Shimao Property concluded its 20 years of development in the property market in China and had completed the corporate restructuring of injecting commercial assets to Shanghai Shimao Co. Ltd. ("A Share Company", SSE stock code: 600823) in 2009. The success of entering into the A share market represents an important milestone for the development of the Group.

For more information about Shimao Property, please visit the Group's website: www.shimaoproperty.com.

For enquiries：

Corporate Finance and Investor Relations Shimao Property Holdings Limited

Tel： 3152 1262

Fax： 2511 0278

Email： lau.eva@shimaogroup.com.hk