SENI Mont' Kiara Raises Bar

Aseana Properties Limited
19 July 2007

Date: 17 July 2007
On behalf of: Aseana Properties Limited ('Aseana' or 'the Company')


Aseana Properties Limited
• SENI Mont' Kiara raises bar for premium living in Mont' Kiara

Aseana Properties Limited (LSE: ASPL), an Asian property developer investing in
Malaysia and Vietnam, today announces that the first phase of its SENI Mont'
Kiara development in Kuala Lumpur, Malaysia is being made available for sale to
the public from 21 July 2007.

The new condominium, which comprises a 40-storey tower and a 12-storey low-rise
block named Van Gogh and Monet respectively, is being developed by Aseana in
partnership with CapitaLand Financial Limited, the financial services arm of
CapitaLand, one of the largest listed real estate companies in Asia. The project
is being managed by Ireka Development Management Sdn Bhd.

SENI Mont' Kiara sits on an 8.83-acre freehold plot over the Mont' Kiara hills.
With proven rental yield and return on investment, Mont' Kiara is a preferred
location for expatriates, the young and affluent professionals because of its
excellent road network and infrastructure, CCTV-covered streets and its close
proximity to international schools, prestigious golf and equestrian clubs and
shopping district.

Other developments under the current property portfolio of Aseana Properties
Limited such as i-ZEN@Kiara and Tiffani by i-ZEN have received encouraging
responses with sales recorded at 97 per cent and 77 respectively. Its integrated
commercial development ONE Mont' Kiara bz-hub has so far seen a 99 per cent
taken up.

Commenting on the development, Lai Voon Hon, President and CEO of Ireka
Development Management Sdn Bhd, said: 'SENI Mont' Kiara comprises 605
luxuriously crafted units, ranging from 2,336 to 7,000 square feet. The whole
set-up, from its aesthetically pleasing design, wonderful views and the central
courtyard, to the signature cafe and art gallery, which doubles up as an
activity centre, aims to define quality living and we hope it will become the
benchmark for fine living in the region.'


Enquiries:
Aseana Properties Limited                           Contactable via Redleaf

Redleaf Communications                              Tel: [phone]
Emma Kane / Samantha Robbins / Paul Dulieu          Email: [e-mail]

Fairfax I.S. PLC                                    Tel: [phone]
James King



Notes to Editors


• Ireka Development Management, the Manager, is a wholly-owned subsidiary of
  Ireka Corporation Berhad, a company listed on the Bursa Malaysia since 1993,
  which has 40 years of experience in construction and property development.

• The Company will typically invest in development projects at the
  pre-construction stage, with a primary focus on location within the major
  cities of Malaysia and Vietnam.

• Investment will be made in projects where it is believed there will be a
  minimum 30% annualised return on equity ('ROE') on investments in Vietnam
  and a minimum 20% ROE on investments in Malaysia.

• No one underlying single asset will account for more than 30% of the gross
  assets of the Company at the time of investment.

• It is the intention that the Net Proceeds of the Placing will be fully
  invested in accordance with the investment policy within 12 months of
  Admission.

• The Directors believe the following factors should provide sustainable growth
  in the real estate sectors of both Malaysia and Vietnam:

    • An increasing standard of living and urbanisation driven by a burgeoning
      young and middle class population

    • Clear Government role in encouraging participation of private sectors
      in real estate development, as well as encouraging and promoting land and
      property ownership

    • Improving availability of mortgages to encourage property ownership

    • Favoured Foreign Direct Investment (FDI) destinations driving demand
      for commercial and industrial properties



About Seni Mont' Kiara

SENI Mont' Kiara is developed by Aseana Properties Limited's Amatir Resources
Sdn Bhd, in collaboration with CapitaLand Financial Limited, the financial
services arm of CapitaLand, one of the largest listed real estate companies in
Asia, with core businesses in real estate, hospitality and real estate financial
services.

Aseana Properties Limited is a company listed on the Main Market of London Stock
Exchange. It has a market capitalisation of some RM900 million as at 10 July
2007 and focuses on investment property developments in Malaysia and Vietnam.

Drawing from the synergies derived from the Ireka Group of Companies' extensive
experience in property development and construction, the creator of the much
celebrated i-ZEN, Ireka Development Management Sdn Bhd, the exclusive manager of
Aseana Properties Limited, will continue to deliver more of i-ZEN's finesse
through its exclusive lifestyle creations.


About CapitaLand Group

CapitaLand is one of the largest listed real estate companies in Asia.
Headquartered in Singapore, the multinational company's core businesses in real
estate, hospitality and real estate financial services are focused in gateway
cities in Asia Pacific, Europe and the Middle East.

The company's real estate and hospitality portfolio spans more than 90 cities in
over 20 countries. CapitaLand also leverages on its significant real estate
asset base, financial skills and market knowledge to develop real estate
financial products and services in Singapore and the region.

The listed subsidiaries and associates of CapitaLand include The Ascott Group,
CapitaMall Trust, CapitaCommercial Trust, Ascott Residence Trust, CapitaRetail
China Trust, Quill Capita Trust and Australand.



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