YNH Property bhd ("YNH" Or The "company") CMREF 1 Sdn Bhd ("CMREF 1") Formalise Agreement With YNH To Underwrite En-bloc 66 Units Of Ceriaan Kiara Project

General Announcement

Reference No CC-071212-59EF4

Company Name	:	YNH PROPERTY BERHAD
Stock Name	:	YNHPROP
Date Announced	:	12/12/2007

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

Contents :

Reference is made to the announcement made on 29 October 2007 on the offer by CMREF 1 to underwrite en-bloc 66 units of Ceriaan Kiara project.

YNH is pleased to announce that its wholly-owned subsidiary, Kar Sin Berhad, had on 12 December 2007, entered into a formal agreement with CMREF 1 for 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 and Mapletree Capital Management Pte Ltd, a wholly-owned subsidiary of Mapletree Investments Pte Ltd.

This announcement is dated 12 December 2007.