Quarterly Investor Update

Aseana Properties Limited
30 November 2007

Date:                30 November 2007
On behalf of:        Aseana Properties Limited ('Aseana' or 'the Company')


Aseana Properties Limited

-      Quarterly Investor Update



Aseana Properties Limited (LSE: ASPL), an Asian property developer investing in
Malaysia and Vietnam, announces that it has today issued a Quarterly Investor
Update for the period ended 30 September 2007.  Electronic copies of the report
can be obtained on its website at the following link: 
http://www.aseanaproperties.com/investorsrelations.htm



Aseana Properties is listed on the Main List of the London Stock Exchange.



Enquiries:


Redleaf Communications                           Tel: [phone]
Emma Kane / Samantha Robbins                     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




                      This information is provided by RNS
            The company news service from the London Stock Exchange