Longfor Properties Accomplishes Annual Contract Sales Target

Hong Kong, 7 November 2010 Longfor Properties Co. Ltd. ( Longfor Properties or the Group , SEHK Stock Code: 960), a leading property developer in China, is pleased to announce that the Group has successfully accomplished its annual contract sales target of RMB24.8 billion in early November.

As of 30 September 2010, the Group achieved contract sales of RMB18.72 billion, representing 76% of the annual sales target. The contract sales in October reached RMB4.95 billion, maintaining continuous growth for several months. For the first 10 months ended 31 October 2010, the Group achieved total contract sales of RMB23.67 billion. During the period, the Western region contributed about RMB9.84 billion in contract sales, Pan Bohai region RMB9.44 billion and Yangtze River Delta RMB4.39 billion, accounting respectively for 41.6%, 39.9% and 18.5% of the total contract sales.

While Rose and Ginkgo Villa in Wuxi and Shenyang achieved satisfactory sales in the new markets, the sales of Changzhou Crystal Town Chianti and Qingdao Rose and Ginkgo Riverside were also immensely successful achieving sales of over RMB1 billion each when they went on sale in October, breaking local records. In November, Hangzhou Rose and Gingko Villa recorded purchase orders of over RMB800 million in a week, another indication of high recognition for the Group s projects.

The satisfactory performance of the new regions is strong proof for the Group s accomplishment of its annual contract sales target. The Group s projects in its five new markets have all been launched, and as many as 10 cities will be able to contribute to the sales revenue of the Group. The Longfor brand has now successfully established a presence in major cities in the Yangtze River Delta and Pan Bohai regions.