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CONSTRUCTION IN PROGRESS
12 Months Ended
Dec. 31, 2012
CONSTRUCTION IN PROGRESS [Text Block]

7. CONSTRUCTION IN PROGRESS

Construction in progress of $6,831,894 and $6,829,329 as of December 31, 2012 and 2011 respectively mainly consisted of land under development and construction of the entertainment, culture, and casino facility in Shandong Province, which will be transferred to fixed assets in SD Chaoying when construction is completed. As of December 31, 2012 and 2011, land use rights in the amounts of $2,512,539 and $2,518,408 were classified under construction in progress for the commercial property and residential unit sites under construction, and the remaining $663,066 and $664,615 for partial operation of the commercial property was classified under intangible assets subject to amortization (see Note 8).