PROJECT UPDATE AS OF OCTOBER 2007

Project Updates OCTOBER 2007 Completed Projects: Banyan Ridge Mandala West Mandala North Mandala South Upcoming Project: Mandala 2 Activity: Road Tracing Ongoing Projects: The Ranch -Gate and Guard House -Land Development Mandala East -Land Development Spine Road -Phase 2A - 1st 2 Lane -Concreting of 3rd Lane ------ The Ranch Gate and Guardhouse ------ Accomplishment 95.68% The Ranch Land Development Accomplishment 97% (As of October 8, 2007) Drainage System 90% Water System 98% Road Concreting 100% Sodding Works 70% *Sodding and Block Preparation *Rectification Works ------ CONSTRUCTION OF HOUSE MODELS AT THE RANCH ------ HOUSE MODEL ACCOMPLISHMENT Upland 71% Ridge Deck 69.46% Hartford 77% UPLAND HOUSE MODEL (Blk 3 Lot 6) *CHB Laying *Installation of roof framing for Upland RIDGEDECK HOUSE MODEL (Blk3 Lot 3) *CHB Laying *Construction of entrance stairs of Ridgedeck *Construction of CHB wall partitions at 2nd floor of Ridgedeck HARTFORD HOUSE MODEL (Blk1 Lot 5) *Wall plastering and installation of concrete mouldings *Stairs at Hartford ----- Mandala East Land Development ----- Accomplishment 97% (As of October 8, 2007) Drainage System 100% Water System 81.29% Road Construction 100% Masonry Barrier 100% Road 17: Concreted Road 14 Concreting ----- Spine Road ----- Accomplishment (As of October 8, 2007) PHASE 2A 97.54% Drainage System 92.37% Road Works 100% 3RD LANE 73% Road Works 82% 1st & 2nd Stage Road Concreting at The Ranch Entrance 1st Stage Road Concreting at Mandala Phase 2 Entrance Base Course Preparation and Formworks for Curb & Gutter: Center Island

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