SOHO China - SOHO China sets foot on the Bund in Shanghai

[For immediate release]

SOHO China sets foot on the Bund in Shanghai

(Hong Kong, 11 June 2010) - SOHO China Limited ( SOHO China or the Company ; Stock Code: 410.HK), a leading Chinese commercial property developer, today announced the acquisition of the Bund 204 Land ( The Project ). The total consideration for the transaction is approximately RMB2.25 billion (inclusive of liabilities to be assumed by the purchaser). Upon the completion of the acquisition, the Company holds 90% interest in T&T International and indirectly holds 61.506% equity interest in the Project Company.

The Project has a total site area of approximately 22,462 square meters. Its land use rights are for commercial, financial, office and hotel use. The Project has a planned overall construction area of approximately 189,000 square meters of which the above ground construction area will be approximately 112,312 square meters. Upon the acquisition, the Company has acquired T&T International s rights to an above ground development area of approximately 69,000 square meters, with approximately 12,000 square meters of underground commercial space and approximately 50,000 square meters for storage and parking facilities.

The Bund is Shanghai s most visited attraction among tourists and locals alike, and it is the convergence point of high end finance, world class boutiques and fine dining locales. The area s commercial property possesses especially high rental returns and sizeable investment potential. The Bund 204 Land is located in the southern part of Bund s core, also celebrated as The International Architectural Exposition . This land is the only completely new real estate development in the last 60 years on the Bund and will also be the last new development project there.

The Bund 204 Land is framed by Yong an Road to the east, Xin Yong an Road to the south, with East Second Zhong Shan Road to the west, and Xinkaihe North Road and Renmin Road to the north. On the treasured premium strip of the Bund, right next to Shanghai most famous City God Temple, and beside the Bund s multi-dimensional transportation hub and yacht pier, the Project area possesses an especially mature and lively commercial atmosphere. The Project area s surrounding infrastructure is especially ideal, with convenient transportation leading everywhere. The Bund 204 Land has already been completely cleared, and has obtained the State-Owned Land Use Rights Certificate.

In August 2009, SOHO China acquired The Exchange SOHO, representing a first successful step into Shanghai, and the successful application of the SOHO model to a Shanghai commercial real estate project. The success of The Exchange SOHO demonstrated the market size and potential for commercial real estate investment in Shanghai and especially in the outstanding value of commercial real estate in Shanghai s city centre. Therefore the Company intends to take steps forward to expand its real estate business in Shanghai s city center, and increase its involvement in the continuous growth of the Chinese real estate market.

SOHO China Chairman Mr. Pan Shiyi said, In the next few years, SOHO China s development will focus on the two cities of Beijing and Shanghai. In terms of bidding for Beijing land projects, including those located in the core of the central business district, SOHO China will be an active player. At the same time, we will pay special attention to future business prospects in Shanghai as Shanghai is the most economically vital leader in the Yangtze River Delta region. The city of Shanghai is a commercial and financial center. The special opportunity to host the World Expo has seen the urban infrastructure of the city take a impressive step up. Shanghai has become the most important transportation hub in the Yangtze River Delta, and high speed transportation connects the surrounding cities of Suzhou, Hangzhou, Wuyi, and Nanjing among others, serving as another factor that stimulates the course of development. We believe that Shanghai s development brings SOHO China great business opportunities, our successful acquisition of this project on the Bund is a very good testament to this.

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About SOHO China

Founded in 1995, Founded in 1995,.SOHO China is the industry leader in developing high-profile branded commercial properties in China s leading cities like Beijing and Shanghai. Presently the largest real estate developer in Beijing, the company collaborates with internationally-recognized architects, translating their innovative designs into iconic real estate which possesses strong appeal to property investors and the local businesses and customer bases which they serve. On October 8, 2007, SOHO China was successfully listed on the Stock Exchange of Hong Kong as the largest IPO for commercial real estate developers in Asia. The company was named as one of the "Most Admired Companies" in China by Fortune (China) Magazine from 2006 to 2009.

Media Inquiries:
SOHO China Limited
Ms. Chunlei Wang Tel: (86) 10 5878 8326 Email: wangchunlei@sohochina.com