Press Release

FOR IMMEDIATE RELEASE 

Citylife teams with MAB CORPORATION, MELBOURNE to Offer Investors a ONE-OF-A-KIND property Return Programme.

HONG KONG, August 8, 2009 – Citylife Property Group announced today an agreement with Melbourne based property Developer MAB Corporation to offer investor’s unique financial protection in this uncertain economic environment called the “CITYLIFE SAFE BUY PROGRAM.” Beginning today, Citylife will offer a property return program provided on every new property purchased off the plan from Developer MAB in its latest project.

 The SAFE BUY Program is complimentary until 30 June 2010, covers all MAB off the plan apartments in their latest release in Melbourne’s thriving Docklands, and is available exclusively to Citylife's overseas investors.

“In these uncertain times, we are looking for ways to reassure overseas investors that Australian Property still represents an outstanding investment opportunity,” said Michael Bentley, Managing Director of Citylife Property Group. “Our agreement with MAB allows us to offer a unique form of financial protection for overseas investors worried about dropping prices or perhaps a job loss after making a commitment.”

The SAFE BUY Program, the first of its kind for an Australian property Developer, will be offered exclusively on MAB property by Citylife. 

If values fall significantly, for whatever reason, buyers are guaranteed a reduction in their final purchase price equating to the agreed in advance percentage fall. If prices rise, the purchaser only has to pay the originally agreed price.

If a buyer losses his job after committing to a purchase, the sales contract is cancelled, and the buyer will get back all his deposit and accrued interest.

“This is as good as it gets for overseas buyers,” said Mr. Bentley.

“With the just completed survey conducted by the Asian Real Estate Association and the European Association for Investors showing ranking amongst the world’s top three countries for property investment, there really is no reason now for people to wait.”

 The program is available to any overseas investor registered with Citylife. The program is complimentary, expires on 30 June 2010, but may be stopped at any time or be withdrawn at any time.

 Conditions apply

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CITYLIFE PROPERTY GROUP

Citylife Property (www.citylifeproperty.com) is an industry leader in providing prime Australian off the plan property investments to International investors.

The Citylife SAFE BUY PROGRAM is the First and Only Property Return Program that protects investors from making a deposit on a property and then having the value fall or losing their job.

Media Contact

Michael Bentley
Citylife Property Group
(852) 2525 5680

Mjb@citylifeproperty.com