China Housing Announces Receipt of New Bank Loan to Fund JunJing II Phase 2 Project

XI’AN, China, Aug. 31 /PRNewswire-Asia-FirstCall/ — China Housing & Land
Development, Inc., (“China Housing” or the “Company”, Nasdaq: CHLN) today
announced that it has been granted a 120 million RMB (USD$17.5 million) bank
loan from China Construction Bank to support the development of its JunJing II
Phase 2 project. This loan is a new drawdown from the Company’s existing RMB 1
billion (USD$147 million) credit line.

The Company established a RMB 1 billion (USD$147 million) credit line with
China Construction Bank in July 2008. Including the loan drawdown announced
today, the Company will have approximately USD$30.5 million in bank loans from
China Construction Bank and total bank loans outstanding of approximately
USD$42.0 million. Commencement of the JunJing II Phase 2 project began in the
second quarter of 2009 and is expected to be completed by the second quarter
of 2011. Upon completion, Phase 2 of JunJing II is expected to have a total of
1,015 units developed for a total GFA of approximately 113,000 sq. meters.

Mr. Pingji Lu, China Housing’s Chairman, said, “We are pleased to be
moving forward with the continued development of our JunJing II Phase 2
project. We believe that receiving funding from our bank partner during a time
when credit policy is tightening is a reflection of the quality and stability
of our operations and the strength of our balance sheet. As we generate future
cash from unit sales of the JunJing II Phase 2 project, we will apply the
proceeds to pay down our credit line and keep our debt/equity ratio at a
healthy level.”

Mr. Lu continued, “The build out of this project is well-timed as we are
seeing increased home purchasing demand in the greater Xi’an region, as
demonstrated by the recent pick up in GFA sales and sales per sq. meter growth.
We are uniquely positioned in the Xi’an market and this project is a higher
end project that can result in higher selling prices compared with some of our
other completed real estate projects. We believe the JunJing project will
further reinforce China Housing as a leading developer in Xi’an and the
greater Shaanxi region, and we look forward to realizing the full potential of
this new development.”

About China Housing & Land Development, Inc.

Based in Xi’an, the capital city of China’s Shaanxi province, China
Housing & Land Development, Inc., is a leading developer of residential and
commercial properties in northwest China. China Housing has been engaged in
land acquisition, development, and management, including the sales of
residential and commercial real estate properties through its wholly-owned
subsidiary in China, since 1992.

China Housing & Land Development is the first and only Chinese real estate
development company traded on NASDAQ. The Company’s news releases, project
information, photographs, and more are available on the internet at
http://www.chldinc.com .

Safe Harbor

This news release may contain forward-looking information about China
Housing & Land Development, Inc. which is covered under the safe harbor for
forward-looking statements provided by the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are statements that are not
historical facts. These statements can be identified by the use of forward-
looking terminology such as believe, expect, may, will, should, project, plan,
seek, intend, or anticipate or the negative thereof or comparable terminology,
and include discussions of strategy, and statements about industry trends and
China Housing & Land Development’s future performance, operations, and
products.

Such statements are subject to risks and uncertainties that could cause
actual results to differ materially from those projected. Actual performance
results may vary significantly from expectations and projections. Further
information regarding this and other risk factors are contained in China
Housing’s public filings with the U.S. Securities and Exchange Commission.

All information provided in this news release and in any attachments are
as of the date of the release, and the companies do not undertake any
obligation to update any forward-looking statement as a result of new
information, future events or otherwise, except as required under law.

    For more information, please contact:

     Mr. Cangsang Huang
     Chief Financial Officer
     Tel:   +86-29-8258-2648 in Xi'an
     Email: chuang@chldinc.com

     Ms. Jing Lu
     Chief Operating Officer, Board Secretary, and Investor Relations Officer
     Tel:   +86-29-8258-2632 in Xi'an
     Email: jinglu@chldinc.com / English and Chinese

     Mr. Bill Zima, ICR
     Tel:   +1-203-682-8200 in the United States
     Email: William.Zima@icrinc.com

     Ms. Annie Chen, ICR
     Tel:   +86-10-6599-7966 in Beijing
     Email: Annie.Chen@icrinc.com

SOURCE China Housing & Land Development, Inc.