Hong Kong Property Transaction Analysis Report

Mar-2005 Vol. 82 Hong Kong Property Transaction Analysis Report Report Date: 2005/6/20 Page Top 10 Mortgage Bank February 2 Domestic and Non-domestic Transaction Analysis 3 1'st and 2'nd Hand Residential Transaction Analysis 4 - Private Sector 4 - Home Ownership Scheme 4 Top 10 Private Estate Transaction Analysis 5 Top 10 H.O.S. Estate Transaction Analysis 6 Top 10 Transaction 7 - Office Transaction 7 - Shop Transaction 7 - Residential Transaction 8 - Industrial Transaction 8-9 This report was conducted by Land Search Online Limited. www.landsearch.com.hk Unit 1513-16, 15/F, Grand City Plaza No. 1 Sai Lau Kok Road, Tsuen Wan Hong Kong Tel: 24298333 Fax: 24233008 report@landsearch.com.hk P.1/9

Top 10 Mortgage Bank Market Sharing Bank Market Sharing % - Counting include new mortgage loan and refinancing mortgage loan. February BANK OF CHINA (HK) 20.6% HANG SENG BANK 10.1% THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITE 9.7% THE BANK OF EAST ASIA 9.5% STANDARD CHARTERED BANK 8.3% WING LUNG BANK 3.9% WING HANG BANK 3.1% DAH SING BANK 2.6% BANK OF AMERICA (ASIA) 2.2% Others 30.1% Total Top 10 Mortgage Bank WING HANG BANK 3.1% WING LUNG BANK 3.9% STANDARD CHARTERED BANK 8.3% THE BANK OF EAST ASIA 9.5% DAH SING BANK 2.6% BANK OF AMERICA (ASIA) 2.2% Others 30.1% THE HONGKONG AND SHANGHAI BANKING CORPORATION 9.7% HANG SENG BANK 10.1% BANK OF CHINA (HK) 20.6% BANK OF CHINA (HK) HANG SENG BANK THE HONGKONG AND SHANGHAI BANKING CORPORATION THE BANK OF EAST ASIA STANDARD CHARTERED BANK WING LUNG BANK WING HANG BANK DAH SING BANK BANK OF AMERICA (ASIA) Others P.2/9

Domestic and Non-domestic Transaction Analysis HKSAR. Hong Kong District fr. 16/Mar-31/Mar (%) (%) Price Non-domestic 319 21.6% $2,175 26.0% $6.82 Domestic 1,161 78.4% $6,199 74.0% $5.34 Total 1,480 $8,374 District Non-domestic 459 27.1% $1,962 28.8% $4.27 Domestic 1,235 72.9% $4,858 71.2% $3.93 Total 1,694 $6,820 New Territories District Non-domestic 380 17.0% $1,050 20.4% $2.76 Domestic 1,858 83.0% $4,095 79.6% $2.20 Total 2,238 $5,145 All District Non-domestic 1,158 21.4% $5,187 25.5% $4.48 Domestic 4,254 78.6% $15,152 74.5% $3.56 Total 5,412 $20,339 Non-domestic Transaction Domestic Transaction New Territories 32.8% New Territories 43.7% 39.6% Hong Kong 27.5% 29.0% Hong Kong 27.3% Hong Kong New Territories Hong Kong New Territories P.3/9

1'st and 2'nd Hand Transaction Analysis HKSAR. Private Sector 1'st Hand Transaction fr. 16/Mar-31/Mar Hong Kong 172 $1,307.8 5755 510 $2,207.6 10011 New Territories 1298 $3,277.9 16043 Total 1980 $6,793.3 31809 1'st Hand Transaction HKSAR in which the properties are directly sold by the developers. HOS Secondary Market -Number of registration of Purchase of "Home Ownership Scheme" properties from the HKSAR in which no premium settlement record was found in the Land Search Online database. 2'nd Hand Transaction Hong Kong 1020 $5,310.9 15074 1035 $4,138.9 15251 New Territories 1441 $3,137.2 19113 Total 3496 $12,587.0 49438 Home Ownership Scheme Secondary Market fr. 16/Mar-31/Mar fr. 16/Mar-31/Mar Hong Kong 15 $18.5 543 33 $39.3 1024 New Territories 97 $106.2 2908 Total 145 $163.9 4475 HOS Open Market Purchase of "Home Ownership Scheme" properties from the HKSAR in which the premium settlement record was found in the Land Search Online database. Open Market fr. 16/Mar-31/Mar Hong Kong 9 $15.3 105 39 $45.6 391 New Territories 103 $107.4 896 Total 151 $168.2 1392 P.4/9

Top 10 Private Estate Transaction Analysis Hong Kong 16/Mar-31/Mar Price Gross Area / No of TAIKOO SHING 56 $237.8 $4.2 675 7 654 DISCOVERY BAY 41 $152.1 $3.7 1037 3 821 SOUTH HORIZONS 41 $149.2 $3.6 679 3 440 HKSAR covering the 1st ISLAND RESORT 39 $174.6 $4.5 480 4 341 and 2nd hand transaction. KORNHILL 32 $88.2 $2.8 588 5 280 BEL-AIR ON THE PEAK 27 $413.4 $15.3 1724 7 535 HENG FA CHUEN 17 $57.7 $3.4 583 3 251 LEI KING WAN 13 $37.2 $2.9 630 2 120 WESTLANDS COURT 13 $17.4 $1.3 481 2 42 THE BELCHERS 13 $110.1 $8.5 979 2 228 Total: 292 $1,437.7 3712 16/Mar-31/Mar Price Gross Area / No of MEI FOO SUN CHUEN 84 $198.6 $2.4 900 15 1015 WHAMPOA GDN 41 $116.5 $2.8 469 7 472 LAGUNA CITY 36 $87.2 $2.4 644 10 320 SKY TWR 36 $102.9 $2.9 605 11 757 SORRENTO 24 $194.5 $8.1 1445 3 309 AMOY GDN 23 $28.0 $1.2 482 7 261 BANYAN GDN 23 $65.3 $2.8 683 4 160 THE WATERFRONT 22 $203.0 $9.2 848 6 126 TELFORD GDN 21 $37.6 $1.8 562 4 196 LAGUNA VERDE 20 $124.2 $6.2 702 2 394 Total: 330 $1,157.8 4010 New Territories 16/Mar-31/Mar Price Gross Area / No of PARK CENTRAL 108 $324.3 $3.0 843 29 353 KINGSWOOD VILLAS 100 $126.6 $1.3 709 14 662 CITY ONE SHATIN 66 $94.7 $1.4 395 41 741 RESIDENCE OASIS 66 $299.1 $4.5 657 4 524 FAIRVIEW PARK 42 $137.8 $3.3 850 11 319 YOHO TOWN 41 $71.5 $1.7 544 8 337 METRO CITY 34 $64.2 $1.9 516 7 315 CARIBBEAN COAST 29 $92.3 $3.2 1192 4 914 OCEAN SHORES 28 $88.7 $3.2 683 3 453 BELLAGIO 24 $120.6 $5.0 1205 4 864 Total: 538 $1,419.8 5482 P.5/9

Top 10 HOS Transaction Analysis Hong Kong 16/Mar-31/Mar HKSAR covering the transaction of secondary and open market. Price Gross Area / No of KORNHILL 5 $10.2 $2.0 717 3 58 YUE FAI COURT 4 $3.8 $1.0 502 2 32 NEPTUNE TERR 2 $3.3 $1.7 - - 16 KAI TSUI COURT 2 $2.5 $1.3 - - 25 CHEERFUL GDN 2 $2.1 $1.1 - - 32 ALDRICH GDN 1 $1.7 $1.7 - - 29 HIU TSUI COURT 1 $1.2 $1.2 - - 15 WALTON EST 1 $1.2 $1.2 - - 32 YUE ON COURT 1 $1.4 $1.4 - - 40 GREENWOOD TERR 1 $1.8 $1.8 - - 33 Total: 20 $29.2 312 16/Mar-31/Mar Price Gross Area / No of RICHLAND GDN 11 $11.9 $1.1 470 5 185 HONG WAH COURT 10 $8.4 $0.8 482 4 75 LUNG POON COURT 7 $8.8 $1.3 463 2 130 TIN MA COURT 6 $6.0 $1.0 479 3 82 HONG TIN COURT 4 $5.0 $1.3 466 3 29 HONG PAK COURT 4 $6.4 $1.6 710 3 66 FU KEUNG COURT 4 $6.5 $1.6 - - 31 CHUN MAN COURT 3 $5.4 $1.8 715 3 59 TSUI CHUK GDN 3 $3.6 $1.2 540 2 70 CHEUNG WO COURT 2 $1.8 $0.9 - - 29 Total: 54 $63.8 756 New Territories 16/Mar-31/Mar Price Gross Area / No of SERENITY PLACE 10 $20.6 $2.1 854 4 1255 KAM YING COURT 9 $10.9 $1.2 515 4 92 FUNG SHING COURT 7 $6.6 $0.9 539 3 47 PRIME VIEW GDN 7 $3.8 $0.5 461 2 34 SIU HONG COURT 7 $4.4 $0.6 526 2 139 SUI WO COURT 6 $7.0 $1.2 626 2 129 CHOI PO COURT 5 $3.7 $0.7 468 3 66 KAM FUNG COURT 5 $7.2 $1.4 - - 66 SIU HEI COURT 5 $3.2 $0.6 567 2 63 YAN SHING COURT 5 $4.1 $0.8 515 3 38 Total: 66 $71.5 1929 P.6/9

Top 10 Transaction Office Transaction (Registration : 16/Mar-31/Mar) Property Address 8/F NO. 9 QUEEN'S ROAD CENTRAL HONG KONG 5/F LIPPO SUN PLAZA NO.28 CANTON ROAD KOWLOON Transaction Date 03/10/2005 02/28/2005 Price $150.90 $142.20 SHOPS C & E ON G/F,2/F,3/F,OFFICES 1 & 2 ON 4/F,5/F-8/F,10/F,11/F,13/F-17/F WITH FLAT ROOFS KAM CHUNG BUILDING NOS.52-58 JAFFE ROAD HONG KONG 33/F FAR EAST FINANCE CENTRE NO.16 HARCOURT ROAD HONG KONG 03/04/2005 02/23/2005 $108.00 $92.90 17/F EAST POINT CENTRE NO. 555 HENNESSY ROAD HONG KONG UNITS 3004-3305 ON 30/F NO.9 QUEEN'S ROAD CENTRAL HONG KONG 03/18/2005 03/11/2005 $88.00 $76.70 OFFICE 6 OF A3 ON 32/F BANK OF AMERICA TOWER NO.12 HARCOURT ROAD HONG KONG 20/F AND CARPARK NOS.21 & 22 ON 2/F BANK OF EAST ASIA HARBOUR VIEW CENTRE NO.56 GLOUCESTER ROAD HONG KONG 11/F THE SUN'S GROUP CENTRE NO.200 GLOUCESTER ROAD HONG KONG 03/08/2005 03/01/2005 03/04/2005 $43.50 $41.80 $39.20 UNITS 14-15 ON 22/F SEAPOWER TOWER CONCORDIA PLAZA NO. 1 SCIENCE MUSEUM ROAD KOWLOON 03/03/2005 $31.10 Shop Transaction (Registration : 16/Mar-31/Mar) Property Address SHOPS 1-8,12-27,36-59 ON G/F,SHOPS 2-3 ON 1/F TSING YI GARDEN NOS.7-19 TSING LUK STREET TSING YI NEW TERRITORIES SHOP B ON G/F,COCKLOFT AND 1/F-4/F NOS.617-623 NATHAN ROAD KOWLOON Transaction Date Price 02/01/2005 $441.00 03/18/2005 $385.00 G/F NO.56 RUSSELL STREET HONG KONG 03/03/2005 $212.00 KINDERGARTEN AND COMMERCIAL AREA AND 3 CINEMAS ON G/F BLOCKS 32 TO 38 LAGUNA CITY NO.99 CHA KWO LING ROAD KOWLOON SHOPS 1-4,5A,5B,6-9 ON G/F LIDO GARDEN NOS.41-63 CASTLE PEAK ROAD SHAM TSENG NEW TERRITORIES SHOPS C & E ON G/F,2/F,3/F,OFFICES 1 & 2 ON 4/F,5/F-8/F,10/F,11/F,13/F-17/F WITH FLAT ROOFS KAM CHUNG BUILDING NOS.52-58 JAFFE ROAD HONG KONG G/F WITH M/F NO.67 AND G/F NO.69 GRANVILLE ROAD KOWLOON 02/01/2005 $191.00 02/01/2005 $123.00 03/04/2005 $108.00 01/26/2005 $96.40 1/F ROCA CENTRE NOS.460-470 KING'S ROAD STREET HONG KONG 03/15/2005 $86.00 SHOP M ON G/F AND RESTAURANT OF 1/F- 2/F MAINWAY COURT NOS.15-33 KWONG WA STREET KOWLOON SHOPS E-F,H3 AND RESTAURANT B ON G/F WITH AHU ROOM ON PODIUM L1 RHINE GARDEN NO.38 CASTLE PEAK ROAD SHAM TSENG TSUEN WAN NEW TERRITORIES 03/10/2005 $70.00 02/01/2005 $68.00 P.7/9

Residential Transaction (Registration : 16/Mar-31/Mar) Property Address FLAT 5 ON 14/F HANG YING HOUSE NO.318-328 KING'S ROAD HONG KONG Transaction Date Price 02/21/2005 $1,000.00 REAR PORTION ON 5/F NATHAN APARTMENTS NO.510 NATHAN ROAD KOWLOON 03/15/2005 $990.00 FLATS A-I ON 3/F,FLATS A-I ON 4/F,FLATS A-I ON 5/F,FLATS A-I ON 6/F,FLATS A-I ON 7/F AND FLATS A-E ON 8/F PUN TAK BUILDING NOS.478-484 LOCKHART ROAD HONG KONG FLATS A-B ON G/F,1/F,3/F AND ROOFS A-B NO.31 TIN HAU TEMPLE ROAD HONG KONG 02/26/2005 $200.00 01/03/2005 $170.00 HOUSE A2 WITH GARDEN AND TWO CARPARKS OF LOT NOS.1106 & 1110 & EXTENSIONS IN DD217 SAI KUNG NEW TERRITORIES FLAT G ON 41/F OF BLOCK 10 ROYAL ASCOT NO.1 TSUN KING ROAD SHATIN NEW TERRITORIES NOS.27-31 TAI NAN STREET KOWLOON 03/18/2005 $127.00 02/21/2005 $66.00 02/23/2005 $48.90 HOUSE 8 MANDERLY GARDEN NO.48 DEEP WATER BAY ROAD HONG KONG 03/02/2005 $46.40 NO.95 TUNG CHOI STREET KOWLOON 03/02/2005 $45.50 FLAT B ON 22/F THE MAYFAIR NO.1 MAY ROAD HONG KONG 02/28/2005 $40.00 Industrial Transaction (Registration : 16/Mar-31/Mar) Property Address 14/F OF TOWER ONE EVER GAIN PLAZA NO.88 CONTAINER PORT ROAD KWAI CHUNG NEW TERRITORIES Transaction Date 03/09/2005 Price $31.4 NOS. 8-10 FUI YIU KOK STREET TSUEN WAN NEW TERRITORIES 03/09/2005 $22.5 11/F OF TOWER TWO EVER GAIN PLAZA NO.88 CONTAINER PORT ROAD KWAI CHUNG NEW TERRITORIES 02/22/2005 $14.8 UNITS 1-4 AND STORE ON 21/F,CARPARK NOS.P7 & P8 ON 2/F PERFECT INDUSTRIAL BUILDING NO.31 TAI YAU STREET KOWLOON 03/22/2005 $10.5 WORKSHOPS 4-6 ON 1/F FASHION CENTRE NOS.51-53 WING HONG STREET KOWLOON 03/11/2005 $9.1 WORKSHOP 1 ON G/F WING HING INDUSTRIAL BUILDING NOS.83-93 CHAI WAN KOK STREET TSUEN WAN NEW TERRITORIES FLAT A ON G/F WING HIN FACTORY BUILDING NOS. 226-228 CHOI HUNG ROAD KOWLOON 03/18/2005 $7.0 03/15/2005 $6.8 Hong Kong Property Transaction Analysis Report P.8/9

UNIT L3 ON 3/F OF BLOCK 3 KWUN TONG INDUSTRIAL CENTRE NOS.448-458 KWUN TONG ROAD KOWLOON UNIT 17 ON 12/F OF BLOCK B SEA VIEW ESTATE NOS.4-6 WATSON ROAD HONG KONG 02/23/2005 $6.2 02/18/2005 $6.2 UNIT B ON G/F OF MAI LUEN INDUSTRIAL BUILDING NOS.23-31 KUNG YIP STREET KWAI CHUNG NEW TERRITORIES 03/14/2005 $6.1 *To subscribe this report regularly for free, please visit our web site: www.landsearch.com.hk *For any other special reports on property market analysis, please feel free to contact us: Land Search Online Limited Tel : 24298333 Fax: 24233008 report@landsearch.com.hk P.9/9