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1. Contracted Sales in March 2013

In March 2013, the Group recorded contracted sales of RMB 736.6 million, representing a year-on-year increase of 31.0%. The total contracted sold area was 67.9 thousand sq.m., representing a year-on-year decrease of 20.1%. The average contracted selling price was RMB 10,843.0 per sq.m.

From January to March, the total contracted sales and contracted sold area amounted to RMB 2.5 billion and 183.5 thousand sq.m., representing an increase of 58.1% and a decrease of 26.2% respectively as compared to the same period of last year. The average contracted selling price for the first three months was RMB 13,805.7 per sq.m.

From January to March, Shanghai Region recorded the highest contracted sales amount of RMB 1.7 billion, increased by 1.2 times year-on-year.

2. New Land Acquisition in March

The Group did not acquire any new land in March 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 March 2013