Evergrande Real Estate (3333) announced yesterday that the total sales amount of last year was about 30.3 billion yuan (RMB, the same below), which increased by four times than that of the previous year. According to the anticipation of Mr. Xia Haijun, president of the Company, it is hopeful that the sales amount of 2010 increases 30% to 40% compared with that of 2009, and the average sale price will be about 6,000-7,000 yuan per square meter. As for the property tax to be levied by the government according to the rumor in the market, Mr. Xia Haijun said that it was not mature yet for the levy of the property tax within a short period of time as the domestic and overseas economic situation was not completely clear yet at the moment.

        According to the report of Shanghai Securities News, authoritative well-informed personages close to the State Administration of Taxation say that trial assessment of real estate tax, namely, the property tax, will be implemented from some areas to the whole country. Market personages hold the opinion that the conduct indicates that the introduction of the property tax is being sped up. The report quotes the opinion of Liu Huan, professor of the Tax Institute of Central University of Finance & Economics, that the possibility of levying the property tax in the whole country is mean, but it is very likely to levy the property tax on commercial real estate as a trial in some areas.