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.	37749
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 Chi Man
Designation *	Company Secretary
Date & Time of Broadcast	29-Sep-2006 12:53:23
Announcement No.	00023

>> Announcement Details

The details of the announcement start here ...

>> PART I

1.

Date of notice to issuer *

29-09-2006

2.

Name of Director *

Chan Heung Ling

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] Notice of a Change in the Percentage Level of a Substantial Shareholder"s Interest or Cessation of Interest. [Please complete Part III and IV]

>> PART II

1.

Date of change of Interest

28-09-2006

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 11,559,300   As a percentage of issued share capital 2.41 %   No. of Shares which are subject of this notice 1,540,000   As a percentage of issued share capital 0.32 %   Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0.32411     No. of Shares held after the change 13,099,300   As a percentage of issued share capital 2.73 %

>> PART III

1.

Date of change of Interest

28-09-2006

2.

The change in the percentage level

From 66.23 % To 66.55 %

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

The change in the percentage level is the result of a series of transactions

>> PART IV

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

	Direct	Deemed
No. of shares held before the change	11,559,300	306,321,184
As a percentage of issued share capital	2.41 %	63.82 %
No. of shares held after the change	13,099,300	306,321,184
As a percentage of issued share capital	2.73 %	63.82 %

Footnotes

Notes:  (1) Amount of consideration: S$0.32411 (average price) (2) The initial public offering of the Company"s shares was sponsored by CIMB-GK Securities Pte. Ltd.