This large-scale residential complex is located in Guiyang, Guizhou Province. The complex has an aggregate site area of approximately 592,139 m and an expected GFA of approximately 1.8 million m . Construction of this project commenced in January 2008 and is expected to be completed in 2011. As of 30 November 2007, the total investment of this project was approximately RMB1.1 billion. This project has approximately RMB4.4 billion in estimated total development costs excluding the RMB1.0 billion in land costs. As of 30 November 2007, we had completed approximately 5% of the construction of this project.