Apr 1, 2011
Press Release

Ying Li Sold Future International Office Unit in Guanyinqiao CBD at Record Price of Approximately RMB 29,000 PSM

• Future International’s prime office unit transacted at record price of approximately RMB 29,000 per square meter (“sqm”)
• Achieved RMB22.88million from sales of prime office unit

Singapore Exchange (SGX) Mainboard listed Ying Li International Real Estate Limited (“Ying Li” or the “Company”, and together with its subsidiaries, the “Group”) announced today that it has sold a 786.38sqm prime office unit at the Future International building for RMB 22.88million, at a record unit price of about RMB29,000 psm.

The Future International prime office building is located at the heart of the Chongqing’s Jiangbei Guanyinqiao CBD, which includes the Guanyinqiao pedestrian street, one of the top ten pedestrian streets in China. The Future International Building is one of the tallest office buildings in the Guanyinqiao CBD and has an overlooking view of the CBD. It houses prestigious tenants made up of large international and domestic companies seeking good quality office in prime CBD locations.

Commenting on the sales of the prime office unit, Ying Li’s Chairman and Chief Executive Officer, Mr. Fang Ming, said, “The record price fetched from the sale is a sign of strong demand for the good quality prime office in Chongqing’s CBD. It also serves as a testament of the product quality we offer to our discerning customers. Ying Li will continue to develop more high quality projects in the prime CBD areas of Chongqing to tap on the strong demand as Chongqing’s economy grows”