Sunrise Real Estate Group, Inc. Gain Good Income from Co-investment Model

Sunrise Real Estate Group, Inc. Gain Good Income from Co-investment Model

July 28, 2006

    SHANGHAI, China, July 28 /Xinhua-PRNewswire/ -- Sunrise
Real Estate Group, Inc. (OTC Bulletin Board: SRRE; Website:
http://www.sunrise.sh ) announced that Sunrise has
successfully sold the 29th floor of the Suzhou Sovereign
Building.

    The Sovereign Building is a 30-storey newly completed
office building located in the strategic center of The
China-Singapore Suzhou Industrial Park. There are over
1,300 foreign companies and 6,500 domestic companies
located in the park.

    The total sale price of the 29th floor is US$2.37
million (or RMB18.92 million). The total area of the 29th
floor is about 1,653 square meters (or 17,793 square feet).
 The immediate financial impact of this sale is to increase
the operating cash flow of the company.

    Lin, Chi-Jung, Chairman and CEO of Sunrise, stated,
"In selling the floor, we have successfully completed
the sale of all of the floors of this building. This
represents a key milestone for Sunrise."

    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:

     Vivian Zhang,
     Sunrise Real Estate Group, Inc.
     Tel:   [phone] x840
     Email: [e-mail]
     Web:   http://www.sunrise.sh

SOURCE  Sunrise Real Estate Group, Inc.