Longfor Properties Acquires Premium Land Lots in Qingdao and Chengdu(34083)

Longfor Properties Acquires Premium Land Lots in Qingdao and Chengdu

Hong Kong, 14 December 2009 Longfor Properties Co. Ltd. ( Longfor Properties or the Group , SEHK Stock Code: 960), a premier property developer in China, has successfully acquired two parcel of lands situated at Qingdao and Chengdu by means of bidding invitation, auction and listing system at a total consideration of RMB1.313 billion. Longfor Properties acquired a site at Baishahe, Chengyang District in Qingdao at a consideration of RMB506 million. The site covers a total area of 509,000 sq m. and a planned GFA of approximately 620,000 sq. m. Upon this acquisition, Longfor Properties presence is now extended to a third city in the Pan Bohai Rim in addition to Beijing and Shenyang, and to 10 cities nationally. The site that the Group acquired in Chengdu is located in the surrounding Huayuan Town and Puxin Town in Xinjin county, with a total consideration of RMB807 million. Adjacent to the Group s another development BridgeCounty in Chengdu, this site covers a total area of 449,000 sq. m. with a planned GFA of approximately 538,000 sq. m. Mr. Jeffrey Lin, Chief Financial Officer of Longfor Properties, said, The acquisitions have reinforced our Regional Focus development strategy. We have confidence in capitalizing on the growth potential of tier two cities in China, which in turn will help optimize our national expansion plans for sustainable long-term growth, as part of Longfor Properties long standing commitment to providing its shareholders with a more stable platform for value creation going forward. # # # About Longfor Properties Co. Ltd. Longfor Properties is a premier developer engaged in property development, investment and management in China, with a strong market position in the Beijing, Chongqing and Chengdu property markets, and with presence in Shanghai, Xi an, Wuxi, Shenyang and Changzhou. The Group serves a wide spectrum of customers, including the upper class, middle class and mass market. Its product offerings range from high-rise apartment buildings, low-rise garden apartments, townhouses, luxury stand-alone houses, as well as shopping malls and other commercial properties. For further enquiries, please contact Hill and Knowlton Asia Ltd.: Gary Li / Agnes Suen Tel: (852) 2894 6239 / 2894 6251 Email: gary.li@hillandknowlton.com.hk / agnes.suen@hillandknowlton.com.hk

Hong Kong, 14 December 2009 Longfor Properties Co. Ltd. ( Longfor Properties or the Group , SEHK Stock Code: 960), a premier property developer in China, has successfully acquired two parcel of lands situated at Qingdao and Chengdu by means of bidding invitation, auction and listing system at a total consideration of RMB1.313 billion.

Longfor Properties acquired a site at Baishahe, Chengyang District in Qingdao at a consideration of RMB506 million. The site covers a total area of 509,000 sq m. and a planned GFA of approximately 620,000 sq. m. Upon this acquisition, Longfor Properties presence is now extended to a third city in the Pan Bohai Rim in addition to Beijing and Shenyang, and to 10 cities nationally.

The site that the Group acquired in Chengdu is located in the surrounding Huayuan Town and Puxin Town in Xinjin county, with a total consideration of RMB807 million. Adjacent to the Group s another development BridgeCounty in Chengdu, this site covers a total area of 449,000 sq. m. with a planned GFA of approximately 538,000 sq. m.

Mr. Jeffrey Lin, Chief Financial Officer of Longfor Properties, said, The acquisitions have reinforced our Regional Focus development strategy. We have confidence in capitalizing on the growth potential of tier two cities in China, which in turn will help optimize our national expansion plans for sustainable long-term growth, as part of Longfor Properties long standing commitment to providing its shareholders with a more stable platform for value creation going forward.

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About Longfor Properties Co. Ltd.

Longfor Properties is a premier developer engaged in property development, investment and management in China, with a strong market position in the Beijing, Chongqing and Chengdu property markets, and with presence in Shanghai, Xi an, Wuxi, Shenyang and Changzhou. The Group serves a wide spectrum of customers, including the upper class, middle class and mass market. Its product offerings range from high-rise apartment buildings, low-rise garden apartments, townhouses, luxury stand-alone houses, as well as shopping malls and other commercial properties.

For further enquiries, please contact Hill and Knowlton Asia Ltd.:

Gary Li / Agnes Suen

Tel: (852) 2894 6239 / 2894 6251

Email: gary.li@hillandknowlton.com.hk / agnes.suen@hillandknowlton.com.hk