SHANG PROPERTIES, INC.
www.shangproperties.com

Shang Properties, Inc. is the property development arm of the Kuok Group in the Philippines.  It has a balanced portfolio of businesses and a steady stream of cash flow generated by investments in the leasing business.  The company has a 78.7% share in Shangri-La Plaza Corporation, which owns and operates the Shangri-La Plaza mall in the Ortigas Center district.  It also has a 52.9% stake in KSA Realty Corporation, which owns The Enterprise Center.  Together, these two organizations generate over Php1.5 billion in lease income annually.

In 2002, the company expanded its business portfolio by entering into the residential condominium market with its first project, the 46-storey Shang Grand Tower.  The project was well received by the market and was completely sold out.  The Shang Grand Tower was completed in record time and was turned over to its buyers in November 2005.

Following the success of the Shang Grand Tower, the Company proceeded to its second residential project, The St. Francis Shangri-La Place, located within its 8.6 hectare property in Ortigas Center.  Within the property, the 5-star Edsa Shangri-La hotel and the Shangri-La Plaza mall are located and are both linked to the St. Francis.  The project is scheduled for completion in 2009.

To support its business operations, Shang Properties established the Edsa Parking Services, Inc. which manages the parking operations in the Shangri-La Place complex.  Also, the Shang Properties Management Services Inc. was created to provide professional property management for its various installations.

Shang Properties has a landbank of over 500 hectares located in Batangas, Tagaytay, Cavite, Mactan and the Fort Bonifacio Global City, earmarked for future development.

With a synergy of strength, innovation, foresight and performance, Shang Properties is in a good position to take full advantage of the upswing in the property market, supported by the added value and advantages provided by its affiliates worldwide– Kerry Properties, the Kuok Group, and Shangri-La International Hotels and Resorts, and their ever-growing network of property, logistics and infrastructure assets.