Asia Properties to Hold Sales Event in Hong Kong


BELLINGHAM, Wash., July 31, 2006 (PRIMEZONE) -- Asia Properties, Inc. or "API" (Pink Sheets:ASPZ) announced today it is holding another sales event in Hong Kong in mid-September.

The Company will be holding an exhibition of its Baan Naiyang Resort homes and Twin Waters villas in Hong Kong from September 9th-10th, 2006. See our updated web site at: http://www.asiaprop.com.

Baan Naiyang Resort -- contemporary Thai Balinese style, gated community with 24-hour security, nestled against gentle hills, unspoiled and protected white coral sand beaches, turquoise blue water, lush tropical national forest. 5 minutes to airport and short distance to world famous golf courses. Fitness, Spa, and Plaza are adjacent within. Prices starting from only US$112,500.

Twin Waters Villa -- exceptional and exotic development, modern and luxurious Balinese style pool villas bordered by water features and ponds, high ceiling thatched roofs, imported luxury finishes -- merbau wood, marble, and ironwood poolside decking exudes a casual and truly elegant tropical lifestyle.

About Asia Properties, Inc.: Asia Properties, Inc. was established to invest in resorts and prime real estate in Thailand and Southeast Asia. Asia Properties currently operates as the only listed U.S. public company focusing on S.E. Asian real estate investments, where investors can invest in Asian real estate and hold the investment in the form of a security, trading on a U.S. securities market.

The Asia Properties, Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=1733

For up to date corporate information about Asia Properties, Inc. contact: Daniel McKinney (360) 392-2841 or (http://www.asiaprop.com). For property inquiries contact: Jill Lerlertkul, Phuket Sales Manager, cell +661-0135136, email: jill@asiaprop.com.

Statements, which are not historical facts, are forward-looking statements. The Company, through its management makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors which could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.



            

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