"E-HOUSE CHINA'S “CHINA REAL ESTATE MARKET” SEMINAR ATTRACTS OV"
[For immediate release] E-HOUSE CHINA’S “CHINA REAL ESTATE MARKET” SEMINAR ATTRACTS OVER A HUNDRED PARTICIPANTS FROM DIFFERENT INDUSTRIES OF HONG KONG * * * FREQUENT MACRO-MEASURES POSTED DIFFERENT IMPACTS IN CITIES IN CHINA TRADING VOLUME IN BEIJING & SHANGHAI DROPPED OVER 40% WHILE PRICE IN TIANJIN, CHONGQING & WUHAN RAISED 2-3% (Hong Kong, 21 August 2006) E-House China, a leading integrated real estate service provider in China, today held a seminar, “China Real Estate Market”, at The Ritz-Carlton Hotel, Hong Kong. The event, very well-received, was attended by over a hundred representatives of real estate funds, leading developers and banks, analysts and reporters. E-House China provides a full range of services covering all upstream and downstream segments in the property industry chain. Its four major businesses are sales and marketing, property agency, decision making consultation and fund management. The Company is headquartered in Shanghai. Currently, E-House China’s business network has been extended to 22 cities including Beijing, Tianjin, Wuhan, Chongqing, etc., and will be expanded to cover more than 30 cities in the coming year, literally the major cities of the entire China market. E-House China owns the biggest property database in China. It uses its proprietary CRIC system, which has satellite support to allow instantaneous access to image and information of properties for reference and statistical analysis. The system underscores E-House China’s authority in the China real estate market. E-House China just completed the “China Real Estate Market Study Report for the period between January and July 2006”, which contains extensive and thorough analyses of the China real estate market. In this seminar, E-House China elaborated for participants the current situation of the China real estate market, and explained to them the property laws and polices recently introduced by the Chinese Government. It also related its views regarding the prospects of the market. -more- E-House China’s “China Real Estate Market” Seminar – P,2 A key speaker at the seminar, Mr. Martin Ding, Vice Chief of Shanghai E-House Real Estate Research Institution, a subsidiary of E-House China, said, “The prosperous economy in China and increasing disposable income among its people have created an enormous demand for property. On top of rising domestic demand, more foreign entrepreneurs, investors and professionals are attracted to live in China, which is also pushing up demand for property in the country. Given the persistent rapid development of the Chinese economy, we believe China’s real estate market will continue to surge.” The macroeconomic control measures introduced by the Chinese Government have seen real estate industry entering a critical adjustment period which posted different impacts within Beijing, Shanghai Tianjin, Chongqing and Wuhan. Nevertheless, being the first tier cities in China, impacts in Beijing and Shanghai were relatively stronger. Though price was sustainable, their trading volume dropped 40% when compared with the peak season. Furthermore, property markets in Tianjin, Chongqing and Wuhan were in their stages of development, with their solid market foundation, “overheat” has not been existed. Therefore, there was stable growth after the 20% drop in trading volume with price raised 2-3%. Mr. Ding added, “E-House China’s study found that, during the past 3 months, despite the macroeconomic control measures taking effective which lowered the trading volume, the real estate market in China has kept stable with little price fluctuation. This shows that the market holds a positive view towards the government’s policy and continued to be confident of the market.” Mr. Andy Lau, Executive Director and Deputy CEO of E-House China, Hong Kong Branch Office, said, “The real estate market in China is closely tied to Hong Kong as it represents attractive opportunities to developers, investors and buyers in Hong Kong. A number of Hong Kong real estate developers have already shifted their focus and investment on to the Mainland, and have secured syndicated loans to fund their projects.” Mr. Ding concluded, “I am pleased that today’s seminar was well received by participants from different sectors in Hong Kong. I hope today’s presentation and discussion have enabled local and international investors, banks and property developers to gain a deeper understanding of the recent development in the real estate market in China and have fostered better communication between mainland China and Hong Kong.” -End- For press enquiries： Strategic Financial Relations (China) Limtied Ms. Anita Cheung Tel: (852) 2864 4827 E-mail:firstname.lastname@example.org Ms. Olive To Tel: (852) 2864 4894 E-mail:email@example.com Ms. Karen Hung Tel: (852) 2864 4854 E-mail:firstname.lastname@example.org Ms. Anna Luk Tel: (852) 2864 4877 E-mail:email@example.com E-House China Ms. Anita Cheng Tel:(852) 2110 1975 E-mail:firstname.lastname@example.org Ms. Daisy Weng Tel: (8621) 5638 6892 E-mail:email@example.com Profile of E-House China E-House (China) Investment Co., Ltd. Sales & Property Decision Making Fund Marketing Agency Consultation Management E-House China is a leading integrated real estate service provider in China. In addition to boasting outstanding results in sales and marketing of primary properties and brokerage of secondary properties, applying modern information technology, it pioneer the market in building a strong real estate R&D and consultation platform to provide reliable real estate market information to customers. With access to capital market platform and extensive industry expertise, E-House China expanded its business to cover the management of real estate investment fund. Leveraging strong integrated resources, it offers all round services that span from upstream to downstream throughout the entire industry chain, to emerge as a new generation real estate service provider. In March this year, E-House China formed a strategic alliance with four famous international investment companies including Chongde Funds and DLJ Real Estate Capital, SIG, Farallon Capital Partners of Credit Suisse Group, and brought funds in the amount of US$25 million to the company. It has become a shining example in the industry in bringing overseas capital into the Chinese real estate market. E-House China has topped the “Shanghai Golden Bridge Top 20 Real Estate Marketing Agencies” list for the three consecutive years since 2003. It has also made many “first” in 2004 and 2005, such as first among the Sixth CIHAF’s “Top Ten Real Estate Marketing Enterprises in China”, first among New Property’s “Top Ten Integrated Real Estate Marketing Enterprise and Agency in Shanghai” and first among the “Top 100 Real Estate Planning Agencies in the country”. This year, E-House China made the Best Real Estate Integrated Service Provider in China and also first among the “Top 100 Integrated Real Estate Services Agencies in China”. Mr. Zhou Xin, Chairman of Board of E-House China, was named one of the “Top 10 Young Economic Characters in Shanghai City” and awarded the “Special Contribution Award in Chinese Real Estate Circulation Industry” in 2005. He was also honoured as one of the “Top Ten Outstanding Contributors” in the China real estate sales and marketing industry. About the background of the speakers Mr. Martin Ding, Vice Chief of Shanghai E-House Real Estate Research Institution Mr. Ding was appointed as the Assistant General Manager of Jinfeng E-House of Shanghai Real Estate Consultant & Sales (Group) Co., Ltd in 2001. He was later appointed as the Vice Chief of Shanghai E-House Real Estate Research Institution in 2006. Apart from participating over a hundred of sales of real estate projects, Mr. Ding was also actively involved in research projects of property market and have finished a considerable number of important research reports which have brought E-house China to become the pioneer in the market. Mr. Andy Lau, Executive Director and Deputy CEO of E-House China, Hong Kong Branch Office Mr. Lau joined E-House China, Hong Kong Branch Office as the Sales Director in 2003. With his excellent performances, he was promoted to be the Executive Director and Deputy CEO in 2005. With sales and management experiences in Hong Kong property agency industry of more than 10 years, he has participated in a considerable number of large-scale marketing projects, leading over hundreds of sales professionals, and has won recognitions in the industry. Currently, Mr. Lau focuses in property markets in Mainland, Hong Kong and Macau, to provide one-stop property agency services among these three cities with out-standing achievements.