Tang Dynasty Garden Project Sold Out in Half Day after launch

Poly (Hong Kong) Investments Limited ( PIL or the Group ) (Stock Code:119), a property development and investment company in China, announced its Tang Dynasty Garden Project in Shanghai was launched for sale on 18 April 2008 and received exciting responses from the market. All units of the project were sold out in half day after launch and the average selling price was as high as RMB8,888/ sq.m. Tang Dynasty Garden Project consists of 9 low-rise residential buildings with 366 units in total. The construction is expected to complete and be ready to move in by the end of 2008.