SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended

Sep 30, 2014

2. SEC Identification Number

145490

3. BIR Tax Identification No.

000144386

4. Exact name of issuer as specified in its charter

SHANG PROPERTIES, INC.

5. Province, country or other jurisdiction of incorporation or organization

MANILA, PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Administration Offices, 5th level, Shangri-La Plaza, EDSA corner Shaw Boulevard, Mandaluyong Postal Code 1550

8. Issuer's telephone number, including area code

632-3702700

9. Former name or former address, and former fiscal year, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON	4,764,056,287

11. Are any or all of registrant's securities listed on a Stock Exchange?

Yes

No

If yes, state the name of such stock exchange and the classes of securities listed therein:

PHILIPPINE STOCK EXCHANGE

12. Indicate by check mark whether the registrant:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes

No

(b) has been subject to such filing requirements for the past ninety (90) days

Yes

No

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Shang Properties, Inc.SHNG

PSE Disclosure Form 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules

For the period ended	Sep 30, 2014
Currency (indicate units, if applicable)	PESO

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Sep 30, 2014	Dec 31, 2014
Current Assets	19,930,279,716	8,397,236,199
Total Assets	48,421,229,540	39,045,319,144
Current Liabilities	4,591,671,744	4,014,220,472
Total Liabilities	21,311,080,854	14,254,527,774
Retained Earnings/(Deficit)	17,053,293,365	16,142,418,632
Stockholders' Equity	27,110,148,687	24,790,791,370
Stockholders' Equity - Parent	13,930,711,989	13,852,675,170
Book Value per Share	1	1

Income Statement

	Current Year (3 Months)	Previous Year (3 Months)	Current Year-To-Date	Previous Year-To-Date
Operating Revenue	1,367,032,093	1,730,228,316	4,367,603,912	4,423,175,101
Other Revenue	85,251,175	67,129,445	280,440,233	283,034,113
Gross Revenue	1,452,283,269	1,797,537,761	4,648,044,145	4,706,209,214
Operating Expense	638,099,798	844,675,217	2,192,431,199	2,401,247,304
Other Expense	53,606,162	50,083,348	150,005,784	142,721,868
Gross Expense	691,705,960	894,758,565	2,342,436,983	2,543,969,171
Net Income/(Loss) Before Tax	760,577,309	902,599,197	2,305,607,162	2,162,240,043
Income Tax Expense	180,144,625	221,074,680	511,690,133	513,914,459
Net Income/(Loss) After Tax	580,432,684	681,524,516	1,793,917,028	1,648,325,584
Net Income Attributable to Parent Equity Holder	494,479,157	606,824,826	1,553,733,979	1,432,602,021
Earnings/(Loss) Per Share (Basic)	0.1	0.12	0.32	0.3
Earnings/(Loss) Per Share (Diluted)	0.1	0.12	0.32	0.3

Other Relevant Information
N/A