Colliers International , Shanghai

The record high land prices have raised concern about bubbles in the land sales market and its spill over to the wider property market.  The concern is overplayed, as the high land price has not escalated to a general phenomenon, and that they do not significantly derail from market fundamentals.

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About Colliers International

Colliers Macaulay Nicolls Inc. (CMN), operating as Colliers International, is a leading international real estate services company that provides a full range of services to commercial real estate users, owners and investors worldwide. These services include brokerage, property management, hotel investment sales and consulting, corporate services, valuation, consulting and appraisal services, mortgage banking and research. Through greater knowledge and specialization, CMN strives to accelerate the success of all its clients, partners, professionals, management and staff. CMN is a FirstService Company (Nasdaq: FSRV; TSX: FSV.SV). CMN is the largest member firm of Colliers International, one of the world's top commercial real estate services organizations, with revenues over US$2 billion in 2007 and 293 offices in 61 countries. CMN can be found on the Web at http://www.colliersmn.com. Locally, Colliers professionals serve clients throughout China. Find out more at www.colliers.com/china.

Contact Information

For further information, please contact:

Hingyin Lee
Director
Research and Advisory, Colliers International
Tel: 86 21 6141 3580
Email: Hingyin.Lee@colliers.com

Julian Jiang
Senior Analyst, Research and Advisory
Tel : 86 21 6141 3592
Email: Julian.Jiang@colliers.com

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