CANYON RANCHCANYON RANCHSan Lazaro Leisure Park, Carmona

CANYON RANCHCANYON RANCHSan Lazaro Leisure Park, Carmona

Construction works continue to be in full swing at Canyon Ranch as developer CenturyCommunities completes a total of 401 house and lot units to date.

Of these 401 homes 157 are scheduled for turnover. Construction is ongoing in 312 moreunits. The 17-hectare community will comprise 796 homes upon full completion.

Building 3 of Canyon Ranch’s commercial areas called The Village Center is completedwhile works continue at Building 2 on the upper floors and Building 1 at the ground floor. Works have also commenced at Building 4.

On the amenities, playground equipment have been installed on the playground areawhile ground works have started for the Clubhouse.

PHASE 1 COMPLETED UNITS

PHASE 1- BERKELEY

PHASE 1- STANFORD 1

PHASE 1- FREMONT

PHASE 1- ATHERTON FRONT

PHASE 1- FREMONT

COMPLETED UNITS COMPLETED UNITS –– PHASE 2PHASE 2

PHASE 2 - NAPA

PHASE 2 - STANFORD 2

Village Center Picture Updates as of May 12, 2009

(From right) Village Centers 2 and 3(From right) Village Centers 2 and 3

Village Center Picture Updates as of May 12, 2009

Village Center 3Village Center 3

Village Center Picture Updates as of May 12, 2009

Village Center 3Village Center 3

MODERNO PHASE 3A – Site Dev’t Plan

Moderno PHASE 3A – Land Dev’t as of May 2009

Moderno PHASE 3A – Land Dev’t as of May 2009

Canyon RanchYEAR 2006

Canyon RanchYEAR 2009