CONSOLIDATED CONDENSED BALANCE SHEETS (UNAUDITED) (USD $)	Jun. 30, 2012	Dec. 31, 2011
ASSETS
Cash and cash equivalents	$ 6,375,607	$ 6,294,500
Accounts receivable, net	245,055	12,782
Other receivable, net	285,738	233,634
Total current assets	6,906,400	6,540,916
Long-term loan receivable	4,769,400	5,131,953
Property and equipment, net	266,346	313,679
Rental property, net	47,371,112	49,420,220
Total assets	59,313,258	61,406,768
LIABILITIES AND STOCKHOLDERS' EQUITY
Bank loans	20,746,104	20,940,911
Accounts payable	4,457,746	4,515,394
Accrued expenses	114,967	165,418
Other payable	2,104,781	2,031,351
Payable to disposed subsidiaries	826,609	834,371
Advances from buyers	1,188,883	1,327,291
Taxes payable	4,244,951	4,369,834
Total current liabilities	33,684,040	34,184,571
Total liabilities	33,684,040	34,184,571
Stockholders' equity:
Common stock, $.001 par value 50,000,000 shares authorized, 11,759,966 issued and outstanding as of June 30, 2012 and Dec. 31,2011	11,760	11,760
Additional paid in capital	4,566,156	4,566,156
Statutory reserve	638,128	638,128
Accumulated other comprehensive income	3,954,207	4,256,243
Retained earnings	16,458,967	17,749,911
Total stockholders' equity	25,629,217	27,222,198
Total liabilities and stockholders' equity	$ 59,313,258	$ 61,406,768