China Housing and Land Development, Inc. Acquires Xi'an New Land Development Co., Ltd

China Housing and Land Development, Inc. Acquires Xi'an New Land Development Co., Ltd

March 12, 2007

Acquisition Will Provide the Company with the Necessary
Development and Sale
  Right to a Significant Portion of the Available
Residential and Commercial
           Land in the Highly Coveted Baqiao Hi Tec
Industrial Zone

    XI'AN, China, March 12 /Xinhua-PRNewswire/ -- China
Housing and Land
Development, Inc. ("China Housing") (OTC Bulletin
Board: CHLN), a leading
developer of residential and commercial properties in the
city of Xi'an
announced today that on March 9, 2007 it has signed a
definitive agreement to
acquire Xi'an New Land Development Co. Ltd. ("New
Land").

    Pursuant to the definitive agreement, China Housing
purchased 100 percent
equity ownership of New Land for 270 million RMB or
approximately $34 million
USD. The total purchase price includes the initial cash
payments of 62 million
RMB, or approximately US$8 million, and the issuance of 10%
promissory note of
the balance payable before or on January 30, 2009.  The
acquisition is
expected to close 30 days after the completion of the GAAP
audit.

    As part of the agreement with the Baqiao District
Government and prior to
any sales, China Housing will be responsible for the
installation and
maintenance of all basic infrastructure, including water,
electricity, gas
supply, telecommunication and sewer systems. New Land has
already spent
approximately $8.8 million to date on such initiatives and
many of these
infrastructure projects are well under way. Once these
improvements are
completed management expects to begin selling parcels of
land by the end of
calendar 2007.

    The Baqiao Hi-Tec Industrial Zone, which encompasses
about 8 miles in
total size, is located approximately 6 miles from the
center of Xi'an, linked
by 3 highways and is expected to be the first stop along a
planned cross-town
subway which will start from the center of the city out to
this new area. This
project has the support of various Chinese central
government agencies,
including the National Development & Reform Commission,
the Ministry of Land &
Resources, the Ministry of Agriculture, the Ministry of
Science and
Technology, and the Ministry of Commerce.  According to the
Xi'an 10 year
development plan, this region has been earmarked to be the
main high-end
residential area of Xi'an city and the Xi'an Central
Government has an
initiative to move nearly 600,000 residents from the center
of the city to
this region during the next ten years. As a result of this
acquisition, China
Housing will take the first steps in the primary land
market, and also have
the right to develop and sell 487 acres of property which
has been targeted
for new residential developments.

    "We are excited to sign a definitive agreement for
this dynamic
acquisition opportunity, commented Mr. Pingji Lu, CEO &
Chairman of China
Housing. "The piece of land we are acquiring
constitutes a significant portion
of the available residential property in this high growth
industrial region.
The price of raw land in Xi'an has increased steadily over
the last five years
and based on continued strong economic growth, government
initiatives and the
relative affordability of Xi'an in contrast to other major
metropolitan
Chinese cities, we expect this favorable pricing trend to
continue. We believe
that this acquisition, along with our other new
developments, will be a major
contributor to our continued strong financial performance
over the foreseeable
future."

    The Company plans to file its 2006 10K and fourth
quarter earnings press
release by March 31, 2007.

    About China Housing and Land Development, Inc.
    Based in Xi'an, the capital city of the Shaanxi
province in China, China
Housing and Land Development, Inc. is the largest private
developer of
residential and commercial properties. China Housing has
been an independent
business since 1992 and became a US publicly listed company
in 2006.

    Cautionary Statement Regarding Forward Looking
Information
    This Press Release may contain forward-looking
information about China
Housing and Land Development, which are 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 and Land
Development's future
performance, operations and products. This and other
"Risk Factors" contained
in China Housing and Land Development, Inc.'s public
filings with the SEC.

    Contact:
    Company:
    Jing Lu (86) 29 82582632
    [e-mail]

    Investors:
    Matt Hayden
    Hayden Communications
    [phone] or [e-mail]