CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME/(LOSS) (UNAUDITED) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Revenues
Real estate sales	$ 0	$ 0	$ 0	$ 0
Rental income	1,460,072	1,291,349	4,288,068	3,869,589
Management fee income	549,375	502,300	1,560,745	1,491,467
Total revenues	2,009,447	1,793,649	5,848,649	5,361,056
Cost of revenues
Real estate cost	0	0	0	0
Rental cost	1,270,284	1,107,951	3,396,465	3,418,064
Management fee cost	334,584	362,346	1,205,972	1,193,414
Total cost	1,604,868	1,470,298	4,602,437	4,611,478
Gross profit	404,580	323,351	1,246,376	749,578
Operation expenses
Selling expenses	20,736	24,280	46,453	58,896
General and administrative expenses	455,021	354,490	1,359,907	1,342,797
Depreciation and amortization	22,742	26,045	66,795	79,284
Abandonment of real estate inventory	0	0	0	0
Total operation expenses	498,499	404,815	1,473,156	1,480,977
Loss from operations	(93,919)	(81,463)	(226,780)	(731,399)
Other income (expense)
Land leveling income	0	0	0	0
Disposal of parking lots income	0	439,181	0	828,038
Other income, net	80,759	57,048	147,573	161,294
Interest and finance costs	(410,103)	(507,427)	(1,634,836)	(1,659,490)
Total other income (expense)	(329,344)	(11,198)	(1,487,263)	(670,158)
Loss before provision for income taxes	(423,263)	(92,662)	(1,714,043)	(1,401,557)
Provision for income taxes	0	0	0	0
Net Loss	(423,263)	(92,662)	(1,714,043)	(1,401,557)
Other comprehensive loss
Foreign currency translation adjustment	305,441	366,036	3,405	928,943
Comprehensive loss	$ (117,822)	$ 273,374	$ (1,710,637)	$ (472,614)
loss per share
Basic (in dollars per share)	$ (0.01)	$ 0.02	$ (0.15)	$ (0.04)
Diluted (in dollars per share)	$ (0.01)	$ 0.02	$ (0.15)	$ (0.04)
Weighted average number of shares outstanding
Basic (in shares)	11,759,966	11,759,966	11,759,966	11,759,966
Diluted (in shares)	11,759,966	11,759,966	11,759,966	11,759,966