YNH Property bhd ("YNH" Or The "Company") Offer By Cmref 1 Sdn Bhd ("CMREF 1") To Underwrite En-bloc 66 Units Of Ceriaan Kiara Project

General Announcement

Reference No CC-071029-4FF09

Company Name	:	YNH PROPERTY BERHAD
Stock Name	:	YNHPROP
Date Announced	:	29/10/2007

Type	:	Announcement
Subject	:	YNH Property Bhd ("YNH" or the "Company") OFFER BY CMREF 1 SDN BHD ("CMREF 1") TO UNDERWRITE EN-BLOC 66 UNITS OF CERIAAN KIARA PROJECT

Contents :

The Board of Directors ("Board")of YNH is pleased to announce thatits wholly-owned subsidiary, Kar Sin Berhad, had on 29 October 2007 accepted the offer by CMREF 1 to underwrite en-bloc 66 units of Ceriaan Kiara project.

Ceriaan Kiara project is a luxury condominium development with a Gross Development Value of approximately RM200.0 million developed by YNH. Ceriaan Kiara is located strategically in the exclusive Mont Kiara enclave just across the Garden International School with direct access to expressways linking Kuala Lumpur city and Petaling Jaya.

CMREF 1 is a private real estate fund which is managed by CIMB-Mapletree Management Sdn Bhd ("CIMB-Mapletree"). CIMB-Mapletree is a 60-40 joint venture between CIMB Real Estate Sdn Bhd, a wholly-owned subsidiary of CIMB Group Sdn Bhd of Malaysia ("CIMB Group") and Mapletree Capital Management Pte Ltd, a wholly-owned subsidiary of Mapletree Investments Pte Ltd ("Mapletree").

CIMB Group is Malaysia's second largest financial services provider which is listed on Bursa Malaysia through Bumiputra-Commerce Holdings Berhad. In the last 2 years, CIMB Group has transformed itself from Malaysia's No. 1 investment bank into a regional universal banking group.

Mapletree is a leading real estate company in Singapore with an Asian focus. To date, Mapletree has an asset base of about S$4.8 billion comprising office, logistics, industrial and retail/lifestyle properties and S$2.4 billion of assets under management in Asia. Mapletree has established an extensive network and presence with on-going activities in Singapore, China, Hong Kong, India, Indonesia, Japan, Malaysia, Vietnam and South Korea.

This announcement is dated 29 October 2007.