Sunrise Real Estate Group, Inc. Signed Contract to Sell First Two floors of Sovereign Building in Suzhou, China

Sunrise Real Estate Group, Inc. Signed Contract to Sell First Two floors of Sovereign Building in Suzhou, China

October 08, 2007

    SHANGHAI, China, Oct. 8 /Xinhua-PRNewswire/ -- Sunrise
Real Estate Group, Inc. (OTC Bulletin Board: SRRE; website:
http://www.sunrise.sh ) signed a contract to sell the 1st
and 2nd floors of the Suzhou Sovereign Building to the Bank
of Jiangsu on September 19, 2007, for $ 7.04 million (or RMB
52.8 million). Sunrise owned these two floors as investments
at a total cost of $ 4.51 million (or RMB 35.19 million).
The floor area of these first two floors is 2,316.5 square
meters.

    The Sovereign Building is a 30-storey newly completed
office building with a total commercial and office floor
area of 42,500 square meters. It is located in the center
of The China-Singapore Suzhou Industrial Park, where there
are over 1,300 foreign and 6,500 domestic companies with
offices or operations. Among these there are 52 global
Fortune 500 companies.

    Lin, Chi-Jung, Chairman and CEO of Sunrise, stated:
"This is another sale achievement on the Suzhou
Sovereign Building after selling the 29th floor of the
building in July 2006. This shows that Sunrise maintains
its track record of converting its investment properties
into profitable sales. We believe that our ongoing sales
and investment operation will continue to add value to our
shareholders."

    Forward-looking Statements

    The common stock of Sunrise Real Estate Group, Inc. is
quoted and traded on the OTC Bulletin Board under the
trading symbol "SRRE." This press release
contains forward-looking information within the meaning of
section 29A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. Forwarding-looking
statements include statements concerning plans, objectives,
goals, strategies, future events or performances and
underlying assumption and other statements, which are other
than statements of historical facts. Certain statements
contained herein are forward-looking statements and,
accordingly, involve risks and uncertainties, which could
cause actual results, or outcomes to differ materially from
those expressed in the forward-looking statements. The
Company's expectations, beliefs and projections are
expressed in good faith and are believed by the Company to
have a reasonable basis, including without limitations,
management's examination of historical operating trends,
data contained in the Company's records and other data
available from third parties, but there can be no assurance
that management's expectations, beliefs or projections will
result, or be achieved, or accomplished. 



    For more information, please contact:

     Lyman Huang,
     Sunrise Real Estate Group, Inc.
     Tel:   [phone] x105
     Email: [e-mail]
     Web:   http://www.sunrise.sh