1. Contracted Sales in April 2013

In April 2013, the Group recorded contracted sales of RMB 494.4 million, representing a year-on-year decrease of 55.7%. The total contracted sold area was 53.7 thousand sq.m., representing a year-on-year decrease of 41.2%.

From January to April, the total contracted sales and contracted sold area amounted to RMB 3.0 billion and 237.2 thousand sq.m., representing an increase of 11.4% and a decrease of 30.2% respectively as compared to the same period of last year. The average contracted selling price for the first four months was RMB 12,765.9 per sq.m.

From January to April, Shanghai Region recorded the highest contracted sales amount of RMB 1.9 billion, increased by 31.5% year-on-year.

2. New Land Acquisition in April

The Group did not acquire any new land in April 2013. At present, the Group has a total land bank of approximately 16.2 million sq.m., which is sufficient to meet its development needs for over the next five years.

Table I: Contracted Sales for April 2013