CONSOLIDATED CONDENSED BALANCE SHEETS (UNAUDITED) (USD $)	Sep. 30, 2012	Dec. 31, 2011
ASSETS
Cash and cash equivalents	$ 6,899,541	$ 6,294,500
Accounts receivable, net	275,034	12,782
Other receivable, net	307,206	233,634
Total current assets	7,481,781	6,540,916
Long-term loan receivable	4,821,156	5,131,953
Property and equipment, net	249,259	313,679
Rental property, net	47,104,632	49,420,220
Total assets	59,656,828	61,406,768
LIABILITIES AND STOCKHOLDERS' EQUITY
Bank loans	6,364,562	20,940,911
Accounts payable	4,506,130	4,515,394
Accrued expenses	123,855	165,418
Other payable	2,171,263	2,031,351
Payable to disposed subsidiaries	835,579	834,371
Advances from buyers	1,239,205	1,327,291
Taxes payable	4,298,168	4,369,834
Total current liabilities	19,538,762	34,184,571
Long term debt, net	14,606,670	0
Total liabilities	34,145,433	34,184,571
Stockholders' equity:
Common stock, $.001 par value 50,000,000 shares authorized, 11,759,966 issued and outstanding as of September 30, 2012 and December 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	4,259,648	4,256,243
Retained earnings	16,035,703	17,749,911
Total stockholders' equity	25,511,396	27,222,198
Total liabilities and stockholders' equity	$ 59,656,828	$ 61,406,768