CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2011	Dec. 31, 2010
Current assets
Cash and cash equivalents	$ 379,134	$ 227,664
Restricted cash	41,923,222	0
Accrued straight-line rents receivable	2,634,628	1,058,366
Accounts receivable, net	29,802,858	3,906,837
Trade receivable from related parties	198,559	4,872,562
Inventories	695,994	87,400
Deposit with property developer	28,052,520	0
Prepayments and other receivables	32,404,671	3,907,871
Loans receivable from related parties	2,256,103	2,126,551
Current deferred tax assets	257,798	403,292
Assets of discontinued operation	93,835	328,406
Total current assets	138,699,322	16,918,949
Non-current assets
Real estate and related assets, net	82,985,317	45,457,452
Long term prepaid lease	351,913	0
Prepayment for acquisition of properties	4,546,712	2,478,802
Long-term deferred tax assets	2,300,881	576,439
Total non-current assets	90,184,823	48,512,693
TOTAL ASSETS	228,884,145	65,431,642
Current liabilities
Short-term loans	60,552,128	12,067,735
Accounts payable	16,010,928	4,903,912
Notes payable	73,027,629	0
Accounts payable to related parties	0	324,374
Advance from customers	2,172,716	937,623
Accrued expenses and other payables	3,317,147	1,760,130
Amounts due to third parties	8,025,360	0
Taxes payable	593,877	301,533
Loans payable to related parties	2,580,388	833,777
Current deferred tax liabilities	409,357	526,414
Liability of discontinued operation	949,792	577,218
Total current liabilities	167,639,322	22,232,716
Non-current liabilities
Long term bank loans	4,250,000	0
Long term deferred tax liabilities	13,479,808	6,714,913
Total liabilities	185,369,130	28,947,629
Commitment and contingencies	0	0
Stockholders' equity
Preferred Stock,$0.00001 par value 20,000,000 shares authorized, none issued at September 30, 2011 and December 31, 2010	0	0
Common stock (US$0.00001 par value, 480,000,000 shares authorized, 399,999,847 and 391,543,500 shares issued and outstanding as of September 30, 2011 and December 31, 2010)	4,000	3,915
Additional paid in capital	29,979,356	26,466,609
Appropriated retained earnings	3,992	3,992
Unappropriated retained earnings	9,985,299	8,868,533
Accumulated other comprehensive income	2,840,405	1,140,964
Total stockholders' equity	42,813,052	36,484,013
Noncontrolling interest	701,963	0
Total equity	43,515,015	36,484,013
TOTAL LIABILITIES AND EQUITY	$ 228,884,145	$ 65,431,642