SOHO China Limited is engaged in investment in real estate development. The Company operates in three segments: completed projects held for sale, which includes projects that have been completed and the Company has obtained completion certificates for those projects; projects under development, which includes projects that are under development, and investment property, which includes a project that has been completed and is held to earn rental income. During the year ended December 31, 2010, it completed the development of Sanlitun SOHO Phase II with a total gross floor area of about 223,000 square meters. On June 11, 2010, it acquired SOHO on the Bund. On August 13, 2010, it acquired Hongqiao SOHO project. On October 12, 2010, it acquired 48.476% interest in Fuxinglu SOHO project. On December 30, 2010, it acquired Danling SOHO project. On March 15, 2011, it acquired further 31.524% interest in Fuxinglu SOHO project.