Notice of a Director"s (including a director who is a substantial shareholder) Interest and Change in Interest *

* Asterisks denote mandatory information

Name of Announcer *	PAN HONG PROPERTY GROUP LTD
Company Registration No.	N.A.
Announcement submitted on behalf of	PAN HONG PROPERTY GROUP LTD
Announcement is submitted with respect to *	PAN HONG PROPERTY GROUP LTD
Announcement is submitted by *	Wong Lam Ping
Designation *	Executive Chairman
Date & Time of Broadcast	05-Mar-2009 18:32:11
Announcement No.	00126

>> Announcement Details

The details of the announcement start here ...

>> PART I

1.

Date of notice to issuer *

05-03-2009

2.

Name of Director *

Wong Lam Ping

3.	Please tick one or more appropriate box(es): *
	Notice of a Director"s (including a director who is a substantial shareholder) Interest and Change in Interest. [Please complete Part II and IV]

>> PART II

1.

Date of change of Interest

04-03-2009

2.

Name of Registered Holder

Chan Heung Ling

3.	Circumstance(s) giving rise to the interest or change in interest	Open Market Purchase
	# Please specify details

4.	Information relating to shares held in the name of the Registered Holder
	No. of Shares held before the change 14,243,300   As a percentage of issued share capital 2.91 %   No. of Shares which are subject of this notice 200,000   As a percentage of issued share capital 0.04 %   Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0.15     No. of Shares held after the change 14,443,300   As a percentage of issued share capital 2.95 %

>> PART III

1.

Date of change of [Select Option]

2.

The change in the percentage level

From % To %

3.	Circumstance(s) giving rise to the interest or change in interest	[Select Option]
	# Please specify details

4.

A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:

>> PART IV

1.	Holdings of Director , including direct and deemed interest :

	Direct	Deemed
No. of shares held before the change	18,321,184	302,243,300
As a percentage of issued share capital	3.74 %	61.68 %
No. of shares held after the change	18,321,184	302,443,300
As a percentage of issued share capital	3.74 %	61.72 %

Footnotes

Part II, item 4: Amount of consideration (excluding brokerage and stamp duties) per share or received. Average price of S$0.15 each Percentage is calculated based on the total number of 490,000,000 issued shares in the capital of the Company.