CPIL Canton Prop

RNS Number:4905J
Canton Property Investment Limited
10 December 2007



   Canton Property Investment Limited ("Canton Properties" or the "Company")


                                 Trading Update


Canton Properties, a commercial real estate investor and developer based in
Hong Kong and listed in the AIM market of London Stock Exchange, is pleased to
announce strong progress has been made in the period since its admission to AIM
in August 2007.


Proposed Acquisition

As outlined in the announcement dated November 13 2007, the Company has entered
into a Memorandum of Understanding ("MOU") to acquire a forty-five per cent
interest in the Pearl River New City B1-1 Development (the "Project"). An MOU
has also been signed to secure the remaining fifty-five per cent interest of the
Project.


The project is anticipated to be a mixed-use commercial development consisting
of Grade A Offices, retail, hotel and service apartments. The total gross floor
area ("GFA") is approximately 234,690 square meters and the plot is located in
the heart of the Pearl River New City, the new Central Business District of
Guangzhou.


Operation Updates

Comic City

Comic City is a 3 storey underground mall situated at the largest subway
interchange station of Guangzhou, with a total GFA of approximately 33,000
square meters. Recently the tenant mix of Comic City has been upgraded to
improve tenant quality. The entire basement level three has been leased to an
anchor tenant, which is expected to contribute steady cash flow to the Company.
The occupancy rate has risen from 59 per cent at 30 June 2007 to approximately
89 per cent at 30 November 2007.


Mall of Canton

Mall of Canton is designed to be an 11-storey shopping center with underground
levels directly connected to the new metro Line 6 to be completed by 2010. It is
located in one of the most established commercial areas of the city.
Negotiations with anchor tenants are underway and the construction progress is
on schedule. By the end of November 2007, approximately 72.5 per cent. of the
piling work and 66.7 per cent. of excavation has been completed. According to
the projected progress schedule, the Board is optimistic that the project will
be completed on schedule in early 2009.


CEO Charlie Lin stated, "We have made strong progress since admission to AIM in
August. Our expansion plans are on track with the proposed acquisition of the
exciting project at Pearl River New City. Existing projects are proceeding to
plan with a marked increase in occupancy at Comic City and good progress with
the construction of Mall of Canton. The Board is looking forward to 2008 with
anticipation."


For further information please contact:


Canton Property Investment Limited

Dennis Yau, CFO +852 2219 9669


Libertas Capital

Jakob Kinde/Stephen Pickup +44 20 7569 9650


First City Financial Public Relations

Allan Piper/Jiang Lei +44 20 7242 2666


Notes to Editors:


About Canton Property Investment Limited


Canton Property Investment Limited ("Canton Properties") is the first pure
commercial property investment company in China was admitted to the AIM market
of the London Stock Exchange on 16 August 2007. Canton Properties develops,
manages and operates shopping malls in the People's Republic of China (PRC).
Headquartered in Hong Kong, the company focuses primarily on opportunities in
Guangzhou, one of China's wealthiest cities in terms of GDP per capita. The
existing portfolio of the Company combines a growing rental stream with strong
potential for capital appreciation.





                      This information is provided by RNS
            The company news service from the London Stock Exchange

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