Tag: RRL

ENT Fashion RLT

UMCity Medini Lakeside Partners with Samsung, Ascott, Shama, OZO, MBO and Regus

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– UMCity strengthens its position as the premier development in Medini and Iskandar via tie-ups with international and established brands

– Ascott to open award-winning Citadines Apart’hotel serviced residences in UMCity

– Samsung S-1 Security Solutions Korea to provide comprehensive security solutions for UMCity

– Shama Medini will be the first Shama property in Malaysia and the second Shama upscale serviced apartments outside of Hong Kong and Shanghai

– OZO Hotels to operate OZO Medini in UMCity for the smart savvy travellers on the go

– MBO Cinemas to bring the latest technology in entertainment to UMCity Lakeside Shopping Centre

– Regus to set up its international brand of serviced offices at the UMCity Corporate Office Tower

– Total GDV of UMCity is RM1 billion, UMLand has previously signed documents with Samsung C&T and Samsung Malaysia Electronics

NUSAJAYA, Malaysia, March 18, 2015 /PRNewswire/ — United Malayan Land Bhd (UMLand)’s premier mixed development in Medini Iskandar, UMCity Medini Lakeside today welcomed five (5) new established partners (representing 6 brands) who will bring a new level of quality services to Iskandar Malaysia.

UMCity Medini Lakeside Partners with International Brands

UMCity Medini Lakeside Partners with International Brands

 

Signing Ceremony of UMLand (UMCity Medini Lakeside) with Onyx Hospitalit

Signing Ceremony of UMLand (UMCity Medini Lakeside) with Onyx Hospitalit

 

Datuk Chia Lui Meng, UMLand Group CEO interacting with the media

Datuk Chia Lui Meng, UMLand Group CEO interacting with the media

This is a significant milestone for UMLand in positioning itself to become the lifestyle developer and to provide luxury and quality products in all their projects. The RM1 billion Gross Development Value (GDV) UMCity is uniquely located next to a lake, offering an exclusive enclave for business and living.

These new strategic alliances are with The Ascott Limited, ONYX Hospitality Group, Samsung S-1 Security Solutions Korea, MCAT Box Office and Regus.

UMCity Medini Lakeside will be enhanced with award-winning serviced residences by The Ascott Limited, the largest international serviced residence owner-operator globally and in Malaysia. Ascott is set to provide both residents and visitors to the Iskandar development with contemporary vibrant living at Citadines Medini Nusajaya, the first Citadines Apart’hotel in Nusajaya. The Ascott has over 26,000 operating serviced residence units in over 200 properties worldwide.

The Ascott Limited’s Chief Investment Officer, Gerald Yong said, “There is significant potential for serviced residences in Iskandar, which is primed to be a key economic growth region in Malaysia as more multinational companies set up base in the area. We are delighted to partner with UMLand again to bring our award-winning Citadines brand of serviced residences to UMCity. Ascott was the first international serviced residence owner and operator in Nusajaya, a major new growth centre of Iskandar, where we recently opened Somerset Puteri Harbour Nusajaya and will be opening Somerset Medini Nusajaya later this year. Somerset Puteri Harbour Nusajaya is our first collaboration with UMLand in Nusajaya and it has been performing well since it opened last month.”

Comfort, style and luxury at UMCity will come in the form of Shama Medini, the first Shama property in Malaysia. The Shama Medini lifestyle serviced apartments, which will have a lakeside view, is the 11th property under the Shama brand, which has presence in Shanghai, Hangzhou, Hong Kong and Bangkok. Shama Medini in UMCity will provide an unparalleled level of lifestyle, luxury and comfort for the discerning business travellers, residents and expatriates in a new city.

OZO Medini will offer stylish hotel accommodation designed to cater to the diverse needs of the business and leisure travellers. Practical yet stylish, OZO Medini is all about getting the important things right – the things that matter to travellers. OZO Medini is the second planned OZO property in Malaysia, after OZO Penang.

Both the Shama and OZO brands are managed and operated by the ONYX Hospitality Group, which is well known for its Amari brand of hotels in Thailand and the Middle East.

“We are pleased to bring the Shama and OZO brands to UMCity Medini Lakeside. The location and development master plan resonate with our core values and growth strategy. All Shama serviced apartments are located in neighbourhoods that brim with life and character. Likewise, OZO which provides quality services that matter and understand the lifestyle needs of its guests are always chic and located in prime locations. We found the perfect fit for both Shama and OZO in UMCity Medini Lakeside,” said Peter Henley, President & CEO of ONYX Hospitality Group.

Working and setting up office in UMCity Medini Lakeside is made easy with the Regus Serviced Offices, which will be located on the 16th floor of the UMCity Corporate Office Tower. The Regus Serviced Offices in UMCity will feature serviced business suites, conference facilities and full office operations and management services, bringing a brand of professional business space into Medini and Nusajaya. The world’s largest provider of ready offices that serve as flexible workspaces, Regus offers bespoke packages in over 120 countries.

In the entertainment area, MCAT Box Office will set up an MBO Cinema, which will boast the latest technology in cinema entertainment at UMCity Medini Lakeside. One of the largest cinema chains in Malaysia, MBO Cinemas has more than 24 cinemas and 176 fully digitalised screens. This fast growing brand will provide exciting entertainment for UMCity Medini Lakeside residents and visitors.

UMLand also extends its partnership with Samsung by collaborating with another Samsung subsidiary, Samsung S-1 Security Solutions Korea for its total security solutions for the UMCity Medini Lakeside project. Samsung S-1 is an international security services company with over 38 years of international experience.

UMLand had earlier in 2013 and 2014 entered into a comprehensive partnership agreement with Samsung Corporation C&T for joint construction works and Samsung Malaysia Electronics as an exclusive Smart Lifestyle Partner and official supplier for consumer electronic products in UMLand’s current and future developments.

UMLand Group CEO, Datuk Charlie Chia Lui Meng said, “UMCity Medini Lakeside is expected to redefine metropolitan living. UMCity is Phase One of UMLand’s Medini Lakeside master plan, which is situated at the gateway into Medini Iskandar and is strategically positioned to be the ideal enclave. This one of its kind waterfront commercial development is designed for vibrant community living and work. We are very excited that these international partners are bringing brands that are a class of its own, to help turn the concept of UMCity Medini Lakeside into reality.”

Upon completion in 2018, UMCity will have a premium corporate office tower, two (2) internationally-branded serviced residences, one hotel, a lakeside shopping centre and a wide range of business suites. UMCity will be the home of the renowned brands of Citadines, Shama, OZO, MBO and Regus, whilst Samsung is the comprehensive solutions provider. These full-fledged branded facilities set UMCity apart from other developments.

UMLand’s development in Medini reflects the high level of confidence in the efforts to position Medini as the preferred destination for investment. With continuous support from the Malaysian federal government as well as the state government together with the participation of prominent industry players, these collaborations will take UMCity and Medini to the next level. It will contribute towards investors worldwide recognising it as another positive milestone, thus encouraging them to explore investment opportunities in Medini and to be part of the development of Iskandar Malaysia.

About United Malayan Land Bhd (UMLand)

UMLand operates two development divisions, namely the Township and Niche Divisions and a construction and building materials division called UM Land Builders Sdn Bhd. The Group has over 1,800 acres of undeveloped land in both Township and Niche Divisions.

The Township Division has four mixed township developments; Bandar Seri Alam, Taman Seri Austin and Taman Seri Albion are strategically located within Iskandar Malaysia, Johor whilst Bandar Seri Putra is situated in Selangor.

The Niche Division has to date completed four residential serviced residences and condominiums in Kuala Lumpur — Suasana Sentral Loft at KL Sentral, Suasana Bangsar in Bangsar, Seri Bukit Ceylon and Suasana Bukit Ceylon located in the city centre. The Division is now actively developing Suasana, Iskandar Malaysia in Johor Bahru city centre.  Somerset Puteri Harbour and The Waves @ Puteri Harbour are some of the newest projects in Nusajaya while UMCity Medini Lakeside, a multi-phased mixed development in Medini, Nusajaya, Iskandar Malaysia.

Star Residences, upmarket service residences in the Kuala Lumpur City Centre is the latest addition of exclusive developments by UMLand.

UMLand operates numerous Sales Galleries in its townships of Bandar Seri Alam, Taman Seri Austin and Bandar Seri Putra and recently opened Sales Galleries for its niche development of UMCity Medini Lakeside and a new sales and service centre in Singapore.   

For more information, please visit www.umland.com.my 

Or contact:
Kairin Romeena
Group Corporate Communications
United Malayan Land Bhd (UMLAND)
Tel: 03-2036-8033
Fax: 03-2036-8014
pr@umland.com.my

Photo – http://photos.prnasia.com/prnh/20150318/8521501686-a
Photo – http://photos.prnasia.com/prnh/20150318/8521501686-b
Photo – http://photos.prnasia.com/prnh/20150318/8521501686-c

 

Fashion RLT

Bulgari Jewelers’ Famous Villa Sold

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FLORENCE, Italy, October 6, 2014 /PRNewswire/ —

Named by the writer Gabriele D’Annunzio and frequented by Italian film stars, Villa Godilonda has an impressive history. 

One of the most beautiful villas on the Tuscan coast has been sold: Villa Godilonda in Castiglioncello, previously the residence of the Bulgari jewellers. It has been bought by a businessman from Eastern Europe for six million euros, revealed Lionard Luxury Real Estate which negotiated the sale. Renovation work will begin shortly to create one of the most luxurious and beautiful hotels in the world.

     (Logo: http://photos.prnewswire.com/prnh/20140724/697778-a )
     (Photo: http://photos.prnewswire.com/prnh/20141006/709396-a )
     (Photo: http://photos.prnewswire.com/prnh/20141006/709396-b )

It is said that Gabriele D’Annunzio (one of Italy’s most important writers, poets, playwright and politician) gave it the name Godilonda, from “godi l’onda” or “enjoy the waves”, after having spent a romantic and passionate night here at the beginning of the twentieth century. Built at the end of the nineteenth century, in 1924 it was bought by the American Carter family and after the war became the summer residence of the Bulgari family, before being transformed in the eighties into a hotel where famous Italian actors like Marcello Mastroianni stayed while visiting Castiglioncello. In 2007 it was closed indefinitely.

Constructed on the extreme point of a promontory, the property is composed of the main villa of roughly 1700m2 with 8 bedrooms, a winter garden, a spa and 11000 square meters of park and Mediterranean scrub with a private beach. After the degradation of the last years, the villa can finally live again, and contribute to the relaunch of one of Tuscany’s most beautiful seaside resorts.

The sale of Villa Godilonda is just the latest operation concluded at Castiglioncello by Lionard Luxury Real Estate.

PICTURES IN HIGH DEFINITION HERE: http://press.lionard.com

Lionard Luxury Real Estate 

Founded in 2008 by a young Florentine businessman, Dimitri Corti, in just a few years it became the leading real estate company in Italy operating in the luxury sector. Lionard manages a portfolio of over 1000 properties with an average value of between 5 to 10 million euros.

For further information
Lionard
Florence, Via dei Banchi 6 (Ang. Piazza S. Maria Novella)
Tel. +39-055-0548100
http://www.lionard.com/
http://www.lionard.com/sold-godilonda-ex-bulgari-villa-castiglioncello.html

Economy RLT TNM

Sterling Financial launches New Providence Opportunity Fund, A Real Estate Investment Fund, and Announces Its First Real Estate Acquisition

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— “The New Providence Opportunity Fund, Ltd. presents an excellent opportunity to investors to capitalize on decades of property experience of its Sponsor and it drives significant synergies with the existing fixed income mortgage funds managed by Sterling Financial Group, Inc.”

NASSAU, The Bahamas, Aug. 22, 2014 /PRNewswire/ — Nassau, The Bahamas based Sterling Financial Group (“Sterling”), announces the launch of the New Providence Opportunity Fund, Ltd. (the “Fund”). The Fund is a closed-end equity investment fund consisting of high net worth and institutional investors, which targets diverse real estate investment and development opportunities in the United States, Canada and the Caribbean.

The Fund seeks to benefit from Sterling’s access to fundamentally sound real estate investments including development opportunities that were financially challenged by the Recession. The Fund will be active in markets where Sterling has both extensive real estate experience and existing platforms. Leveraging its relationships with developers, real estate private equity firms, private family investors, entrepreneurs and financial institutions, the Sponsor will identify opportunities, and upon acquisition, provide value-add initiatives to maximize total returns.

“We are pleased to bring New Providence Opportunity Fund to the market,” said Steve Tiller, President and COO of Sterling “We believe that the combination of our extensive real estate investment, development and management capability and a highly efficient funding structure, is a recipe for success for many investors in today’s market,” Tiller continued. David Kosoy, Sterling’s Chairman and CEO added, “we are pleased to add this fund to our other real estate offerings available, and I believe it is a great complement to our platform.”

Simultaneously with the first closing of the Fund, Sterling is also announcing the acquisition and further development of Ocean Terrace, an existing ocean front condominium project located in the West end of New Providence island. The acquisition includes additional green-field acreage for future development.

“Ocean Terrace is now under new ownership and we are revitalizing a project that has been idle for some time. It is a true sign of strong improvements currently experienced in the Nassau real estate market and especially in the highly sought after western district. The project is an excellent addition to the notable projects that Sterling is involved in and it is a terrific complement to our portfolio”, added Tiller.

The Sterling platform focuses on providing access to alternative market opportunities without compromising the North American standard for risk management, operational efficiency and regulatory requirements. Sterling leverages a management team with interdisciplinary real estate experience, a strong internal infrastructure and partnerships with leading service providers in order to capitalize on unique real estate investments and structures.

Kosoy further noted, “We have seen an increased demand from investors for quality real estate projects and funds that would diversify their exposure to traditional investments as well as providing attractive returns. We are pleased that we can offer a proven strategy on a tried and tested platform to a wider base of offshore and onshore investors through a product that has a potential to significantly enhance and diversify their portfolios.”

Sterling Financial Group, Inc., a fully integrated and diversified real estate investment, development, management and services company that has an established track record of successes in the real estate industry. Over the past 40 years, Sterling and its principals have acquired over 5.5 million square feet of commercial real estate at a combined purchase price of over $2 billion. Prior to founding Sterling, the principals had previously been part of the controlling group of a publicly traded real estate company, which acquired and managed a portfolio of more than 20 million square feet of real estate across North America. Sterling is headquartered in Nassau, Bahamas.
www.sterlingbahamas.com

NPOF Launch Press Release
For further information please contact:

Sterling Financial Group
T: +1-242-677-1900
E: cwalker@SterlingBahamas.com

Sharell Carroll
SageEden Media Group
T: +1-242-356-0646
info@sharellcarroll.com

Notes for Editors

ABOUT STERLING FINANCIAL GROUP INC.
Sterling Financial Group is a Nassau, Bahamas based, financial services business founded in 2006. The company is privately owned and is regulated by the Securities Exchange Commission under the Financial Service and Corporate Providers Act.

The series of real estate and mortgage funds managed by Sterling invest and profit from a portfolio of privately held real estate investments and mortgage loans. The business is administered by David Kosoy and Steve Tiller and other respected real estate professionals who collectively have significant experience in the real estate and mortgage lending markets. The principals of Sterling have a track record over the past 40 years of successfully and consistently generating profits in the real estate investments and mortgage lending sectors in Canada, the Bahamas, the U.S. and the U.K.

Information RLT

E-House to Report Second Quarter 2014 Financial Results on August 20, 2014

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SHANGHAI, Aug. 6, 2014 /PRNewswire/ — E-House (China) Holdings Limited (“E-House”) (NYSE: EJ), a leading real estate services company in China, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2014 before the U.S. markets open on August 20, 2014.

E-House’s management will host an earnings conference call on August 20, 2014 at 8:15 a.m. U.S. Eastern Time (8:15 p.m. Beijing/Hong Kong time).

Dial-in details for the earnings conference call are as follows:

U.S./International:

+1-845-675-0437

Hong Kong:

+852-2475-0994

Mainland China:

+86-10-800-819-0121

Please dial in 10 minutes before the call is scheduled to begin and provide the passcode to join the call. The passcode is “E-House earnings call.”

A replay of the conference call may be accessed by phone at the following number until August 28, 2014:

International:

+1-646-254-3697

Passcode:

84809773

Additionally, a live and archived webcast will be available at http://ir.ehousechina.com.

About E-House

E-House (China) Holdings Limited (“E-House”) (NYSE: EJ) is China’s leading real estate services company with a nationwide network covering more than 250 cities. E-House offers a wide range of services to the real estate industry, including online advertising, primary sales agency, secondary brokerage, information and consulting, offline advertising and promotion and real estate investment management services. E-House has received numerous awards for its innovative and high-quality services, including “China’s Best Company” from the National Association of Real Estate Brokerage and Appraisal Companies and “China Enterprises with the Best Potential” from Forbes. For more information about E-House, please visit http://www.ehousechina.com.

For investor and media inquiries, please contact:

In China:

Michelle Yuan
E-House (China) Holdings Limited
Phone: +86 (21) 6133-0754
E-mail: michelleyuan@ehousechina.com 

Mr. Derek Mitchell
Ogilvy Financial, Beijing
Phone: +86 (10) 8520-3073
E-mail: ej@ogilvy.com

In the U.S.:

Mr. Justin Knapp
Ogilvy Financial, U.S.
Phone: +1 (616) 551-9714
E-mail: ej@ogilvy.com

Economy RLT

Investment Volume Reaches New High Post-DSD; Capital Values Resilient to Cooling Measures

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HONG KONG, July 29, 2014 /PRNewswire/ — Cushman & Wakefield, the world’s largest privately owned real estate services firm, today released a mid-year update on the Hong Kong investment and residential sales markets and the outlook for the second half of 2014.

Investment activity stabilizing, evidence of investors’ renewed confidence; capital values increase slightly in 1H 2014

The investment market ended the first half of 2014 on a high note, whereas second quarter investment volume totaled HK$22.7 billion, an increase of 61% quarter-on-quarter. First half investment volume across the five major property sectors including hotels totaled HK$36.8 billion, up from HK$26.9 billion in 2H 2013 or an increase of 37%. The rebound in investment volume in the second quarter was driven by investment in office properties, where the sale of One Bay East – East Tower to Citi for a record breaking HK$5.43 billion was accompanied by another large en bloc sale in Wong Chuk Hang (Cheung Kong’s project at 41 Heung Yip Road in Aberdeen). Office investment was also highlighted by purchases by end-users and the return of more long-term investors making purchases in Kowloon East and other non-core locations.

Investors have grown accustomed to the cooling measures, leading to stable investment in retail properties. There is a growing focus on non-core properties and emerging areas where upside potential is greater, especially in the midst of slower retail sales growth and easing rents in prime locations. Retail investment in the first half of 2014 was highlighted by the Link Reit’s disposal of four small-scale shopping centers and also strata sales of 8 Russell Street in Causeway Bay, which received a positive response from investors due its prestigious location. Sales of prime street shops slowed as the quarter progressed due to low yields and still high prices. Industrial investment also showed greater stability in the first half of 2014. After dropping slightly in 1Q 2014, industrial investment picked up in the second quarter as some pent-up demand was released due to improved investor sentiment. More investors returned to the strata market, while the sector is also seeing more purchases by long-term investors, end-users and those aiming to refurbish or convert the property’s use. Capital values of non-residential properties were relatively stable in the first half of 2014, whereas values of office, industrial and retail properties increased by 1% to 2%. Capital value growth was slightly higher in 2Q 2014 as compared to the previous quarter, attributed to the rebound in investor sentiment which has led to firmer asking prices. 

Kent Fong, Executive Director, Investment — Hong Kong, said, “More investors and owner-occupiers have adapted to the cooling measures and are making purchases for the longer-term. Rents for most properties are stable and interest rates remain low, meanwhile supply of quality assets is limited. Capital values have been resilient to the cooling measures and recent momentum in the residential sector, not to mention some record-breaking purchases in Kowloon East, is boosting investors’ confidence.”  

Residential sector resilient to cooling measures as sales reach a new high post-DSD; prices are on the rise

As the first half of 2014 came to a close, residential sales reached nearly 6,000 units in June, the highest monthly total since the introduction of Double Stamp Duty (DSD). Sales showed a steady improvement since April and after slight relaxation of DSD in May. Activity increases remained focused on primary properties with developers seeing brisk sales and some launches oversubscribed as they continued to offer discounts, stamp duty rebates and prices close to those of nearby second-hand properties. More recently, improved market sentiment has penetrated the secondary market, whereas more prospective buyers, including first-time purchasers, are targeting mid-priced flats. As a result, secondary homes sales also climbed to its highest level post-DSD in June, having reached 4,585 units. Secondary homes sales increased by 14% in the first half of 2014 as compared to the second half of 2013.

Strong sales in recent months has brought record high prices in some districts, notably in the New Territories. A new house in Tsuen Wan West transacted at HK$55,889 per square foot, while a flat at Mayfair by the Sea in Tai Po sold for HK$36,132 per square foot. Luxury residential prices dropped by 2.9% in the first half of 2014, but their decline has softened in recent months on the back of more stable demand. Outweighed by a quiet market in the first half of the second quarter, luxury residential prices dropped by 0.5% in 2Q 2014. Existing owners are still facing little pressure to sizably reduce prices due to their low holding cost and also more limited supply.   

Vincent Cheung, National Director, Valuation & Advisory — Greater China, said, “Developers will continue to expedite new launches in the second half of this year as the look to cash in on strong buyer sentiment and close the year with strong sales performance. Recently, owners in the secondary market have been more aggressive on asking prices, but buyers’ response has been more conservative. Overall home prices have been on the rise in recent months, proving resilient to the government’s efforts to cool the market. Strong demand for mid-priced flats will support further price growth of such properties in the second half of this year. Moving up the ladder to those properties priced at HK$10 million and above, I expect prices to be more stable.”

— END —

About Cushman & Wakefield

Cushman & Wakefield is the world’s largest privately-held commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world’s major markets, as evidenced by its frequent involvement in many of the most significant property leases, sales and assignments. Founded in 1917, it has 250 offices in 60 countries and more than 16,000 employees.  It offers a complete range of services for all property types, fully-integrated on a global basis, including leasing, sales and acquisitions, debt and equity financing, investment banking, corporate services, property management, facilities management, project management, consulting and appraisal. The firm has more than $3.7 billion in assets under management.  A recognized leader in local and global real estate research, the firm publishes its market information and studies online at www.cushmanwakefield.com/knowledge. In Greater China, Cushman & Wakefield maintains seven market-leading offices in Beijing, Shanghai, Chengdu, Guangzhou, Shenzhen, Hong Kong and Taipei. More information is available at www.cushmanwakefield.com.

Media enquiry, please contact:

Creative Consulting Group Inc. Ltd.

Mr. Andy Hung

Mr. Jacky Ching

T: +852-3159-2978

T: +852-3159-2954

M: +852-9254-9250

M: +852-9872-7155

E: andy.hung@creativegp.com

E: jacky.ching@creativegp.com
Economy RLT

E-House Launches Home Price Ratings Website

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SHANGHAI, July 17, 2014 /PRNewswire/ — E-House (China) Holdings Limited (“E-House” or the “Company”) (NYSE: EJ), a leading real estate services company in China, today announced the launch of its home price ratings website www.fangjiadp.com and related mobile app (“Fangjiadp“), both of which operate under the Company’s real estate information and consulting business unit, CRIC. The website and app currently cover more than 4,000 new residential developments in 21 cities, as well as more than 30,000 existing residential compounds in 5 cities in China.

Fangjiadp provides independent home price estimates, qualitative reviews, and ratings for primary and secondary market residential compounds. By entering an address (down to each individual apartment unit level) or compound name, consumers can instantly obtain the estimated market value of both new and previously-owned properties, as well as CRIC’s expert opinions on other aspects of the properties. Properties are rated as “strongly recommended buy,” “recommended buy,” “buy with caution” or “recommend waiting.” Once a consumer locates a property of interest, Fangjiadp will also list four similar properties in the area that are in the same price range so that consumers can compare estimated values and other aspects of the properties.

Xin Zhou, E-House’s co-chairman and CEO, said, “Fangjiadp is developed by highly experienced analysts with many years of industry knowledge and is backed by CRIC’s comprehensive and powerful real estate database. In addition to its wide and comprehensive coverage, Fangjiadp’s unique user interface allows consumers to conduct one-on-one conversations with CRIC’s home price analysts. We believe Fangjiadp brings a new experience and unique value to home buyers and sellers that has never before existed.  As part of our planned upgrade for Fangjiadp, consumers will be able to not only communicate with our home price analysts, but also write their own listing reviews while interacting with other consumers and industry experts to obtain relevant information and recommendations. For our CRIC unit, the launch of Fangjiadp represents the expansion of its customer base from what had historically been businesses and government entities to consumers, and illustrates its position as an independent and unbiased real estate information source.”

About E-House

E-House (China) Holdings Limited (“E-House”) (NYSE: EJ) is China’s leading real estate services company with a nationwide network covering more than 250 cities. E-House offers a wide range of services to the real estate industry, including online advertising, primary sales agency, secondary brokerage, information and consulting, offline advertising and promotion and real estate investment management services. E-House has received numerous awards for its innovative and high-quality services, including “China’s Best Company” from the National Association of Real Estate Brokerage and Appraisal Companies and “China Enterprises with the Best Potential” from Forbes. For more information about E-House, please visit http://www.ehousechina.com.

Safe Harbor: Forward-Looking Statements

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “may,” “intend,” “confident,” “is currently reviewing,” “it is possible,” “subject to” and similar statements. Among other things, the quotations from management in this press release, as well as E-House’s strategic and operational plans, contain forward-looking statements. E-House may also make written or oral forward-looking statements in its reports filed or furnished with the U.S. Securities and Exchange Commission, including Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about E-House’s beliefs and expectations, are forward-looking statements and are subject to change. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained, either expressly or impliedly, in any of the forward-looking statements in this press release. Potential risks and uncertainties include, but are not limited to, a severe or prolonged downturn in the global economy, E-House’s susceptibility to fluctuations in the real estate market of China, government measures aimed at China’s real estate industry, failure of the real estate services industry in China to develop or mature as quickly as expected, diminution of the value of E-House’s brand or image, E-House’s inability to successfully execute its strategy of expanding into new geographical markets in China, E-House’s failure to manage its growth effectively and efficiently, E-House’s failure to successfully execute the business plans for its strategic alliances and other new business initiatives, E-House’s loss of its competitive advantage if it fails to maintain and improve its proprietary CRIC system or to prevent disruptions or failure in the system’s performance, E-House’s failure to compete successfully, fluctuations in E-House’s results of operations and cash flows, E-House’s reliance on a concentrated number of real estate developers, natural disasters or outbreaks of health epidemics and other risks outlined in E-House’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of this press release, and E-House does not undertake any obligation to update any such information, except as required under applicable law.

For investor and media inquiries please contact:

In China:

Investor Relations
E-House (China) Holdings Limited
Phone: +86 (21) 6133-3937
E-mail: ir@ehousechina.com

Mr. Derek Mitchell
Ogilvy Financial, Beijing
Phone: +86 (10) 8520-3073
E-mail: ej@ogilvy.com

In the United States:

Mr. Justin Knapp
Ogilvy Financial, U.S.
Phone: +1 (616) 551-9714
E-mail: ej@ogilvy.com

Economy

Tata Housing Expands its Presence in NCR Luxury Space

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DELHI, India, July 16, 2014 /PRNewswire/ —

~ Announces first of its kind gated community Villa development at Sohna Road ~ 

Tata Housing Development Company, India’s fastest growing real estate developer in the luxury space strengthened its presence in the high-end luxury segment in NCR by launching its 4th project Arabella. Strategically located immediately off the Sohna Haryana Highway, Arabella is inspired by the Aravallis and has been aesthetically designed as an extension to the lush green surroundings.

(Logo: http://photos.prnewswire.com/prnh/20140716/697211-a )

(Photo: http://photos.prnewswire.com/prnh/20140716/697211-b )

Designed by renowned architects Perkins Eastman, USA., Arabella is built across approximately 35 Acres and offers 3, 4 and 5 BHK villas right in the heart of Gurgaon – Sohna Road. Designed with the theme of Aravalli ridge and view of the ridges, Arabella is a Villa development with around 150 villas of typologies. The location and orientation of villas on the site integrates with the central open green spaces via the backyard or is inward looking; adapted to the traditional design of courtyards. The private lifts, outdoor pools, roof top landscaped entertainment areas, solar hot water heating, VRV air-conditioning, form a part of the everyday lifestyle of India’s aspirational Urban Elites.

Commenting on the launch of this project, Tata Housing spokesperson said: “The last decade has witnessed a substantial increase in demand for super-luxury residences which have expansive living spaces and extremely sophisticated design and specifications by the new class of wealthy consumers, popularly known as Urban Elites, who have formed an egalitarian social change. With Arabella, Tata Housing is giving a golden opportunity to their consumers to own their dream villas and experience the mesmerizing views of Aravalli Hills.

Tata Housing Spokesperson further added:  “This will be a one of a kind development at Sohna road offering a different proposition for the new age luxury seekers.” 

As the project is inspired by Aravallis, every little detail has been given utmost importance. The project also accommodates a natural lake, a rock garden and a neighbourhood farm, which helps the residents make a direct connection with the natural surroundings.

The development is located immediately off the Sohna Haryana Highway and is well nestled between lush greens farmlands on 3 sides and a dense green buffer planned along the entire highway. The site has beautiful distant panoramic views of the Aravallis and the masterplan has been sensitively designed as an extension to the lush green surroundings of this unique geographical setting.

http://tatahousing.in/arabella/

Contact: 180030048282