SOHO China Limited is a Hong Kong-based company. The principal activity of the Company is investment in real estate development. During the year ended December 31, 2008, the Company pre-sold/sold 158,278 square meters (excluding car parks). In 2008, the Company primarily undertook the development of four projects: Guanghualu SOHO, Sanlitun SOHO, Beijing SOHO Residences and Guanghualu SOHO II. In 2008, it completed the development of Guanghualu SOHO and Beijing SOHO Residences, with a total gross floor area (GFA) of 142,416 square meters. In addition, Phase I of Chaoyangmen SOHO, with a total GFA of 119,874 square meters, was completed, and 53,075 square meters in Phase I was sold prior to its acquisition. As at December 31, 2008, approximately 1,079,822 square meters remained under development by the Company. As at December 31, 2008, projects under construction included Sanlitun SOHO, Guanghualu SOHO II, Chaoyangmen SOHO and ZhongGuanCun SOHO.