(Co. Registration No: 197702459K)

Auction of Super Penthouse at The Boulevard Residence

We refer to the press release dated 17 April 2007 which stated that the last of the only two super penthouse units at The Boulevard Residence will be sold via an auction conducted jointly by Christie's Great Estates exclusive affiliate Ken Jacobs and Colliers International on 20th May 2007.

In light of the strengthening market, the Group has decided to postpone the auction to a later date, which shall be announced in due course.

BY ORDER OF THE BOARD
SC GLOBAL DEVELOPMENTS LTD

Fong Keng Chee
Company Secretary
15 May 2007


SC Global Developments Ltd
47 Scotts Road #18-01 Goldbell Towers Singapore 228233 Tel: 6734 9119 Fax: 6235 5115 www.scglobal.com.sg
(Co. Registration No: 197702459K)