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Presale of “LVGEM Mangrove Bay No.1” flagship project, located in Shenzhen prime area, is expected to commence in second half of 2017

(30 May 2017, Hong Kong) LVGEM (China) Real Estate Investment Company Limited, the well-known integrated property developer and commercial property operator in Shenzhen (LVGEM” or the “Group”; SEHK stock code: 00095), is pleased to annoucne that “Huazhou LVGEM International Garden” zone B1 residential project, located in Maoming city of Guangdong Province, has been first launched for sale during Labour Day holidays and the market response was overwhelming.

Approximately 496 residential units were launched for the project, in which 443 units were subscribed on 30 April, the first day of presale. Gross floor areas were approximately 57,000 square meters while contracted subscription sales reached approximately RMB380 million. Sell-through rate achieved nearly 90% for this project.

The total investment for the “Huazhou LVGEM International Garden” project reached over RMB8 billion. It aims to develop as a rare high-end property project in Western Guangdong area with a 3-million- square-meter lakeside scenery.

Surrounded by Juzhou Park, Shaguoling Park and Xihu Municipal Park, the landscape and scenery are stunning and fascinating. Moreover, the Group operates the “Zoll Shopping Center” under the “Zoll” brand, which consists of more than 20,000 square meters of a commercial and international fashion retail street and a shopping center, providing excellent quality living support. The Group considers it as a long-term investment and a property for rental income.

The Chairman of LVGEM, Miss Huang Jingshu, said “The sales performance of this project is encouraging, it has proved that the brand reputation of LVGEM in Pearl River Delta region is strong and competitive. We have confidence in the prospect of the real estate market as well as the enormous potentials of the Pearl River Delta region in China. Looking forward to the second half of this year, the Group will start the presale of “LVGEM Mangrove Bay No.1” flagship project as planned. We believe that the project will bring fruitful sales contribution to the Group.”

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About LVGEM (China) Real Estate Investment Company Limited

LVGEM focuses on the development of urban quality boutique residences, community-based shopping centers and urban complexes in the prime locations of Shenzhen and the Pearl River Delta region, including commercial projects such as residential properties, offices and shopping centres. The Company owns commercial property series represented by the two main commercial brands “Zoll” (佐阾) and “NEO”. LVGEM possesses abundant experience in urban redevelopment and is a leading integrated property developer and commercial property operator in Shenzhen.

Photo: “Huazhou LVGEM International Garden” residential project was launched for sale during Labour Day holidays and received overwhelming market response.