8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) October 8, 2007 (October 8, 2007)

SUNRISE REAL ESTATE GROUP, INC.

(Exact name of registrant as specified in its charter)

Texas	000-32585	75-2713701
(State of Incorporation)	(Commission File Number)	(IRS Employer Identification)

(Address of principal executive offices)

Suite 701, No.333, Zhaojiabang Road

Shanghai, PRC 200032

Registrant's telephone number, including area code (86)-21-6422-0505

(Former Name or Former Address if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

In a press release dated October 8, 2007, Sunrise Real Estate Group, Inc. announced that Bank of Jiangsu, Suzhou Branch purchased the first and second floors of the Suzhou Sovereign Building for $7.04 Million (or RMB 52.8 Million) from Shanghai Shang Yang Real Eestate Consultation Company Limited, a wholly-owned subsidiary of the registrant, on September 19, 2007. The press release is attached hereto as Exhibit 99.1

Item 9.01Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Description	Method of Filing
10.1	English translation of a summary of the Sale Agreement of Commercial Property, dated September 19, 2007.	Form 8-K dated  October 9, 2007
99.1	Press Release dated October 8, 2007	Filed herewith

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: October 9, 2007
	SUNRISE REAL ESTATE GROUP, INC.
	By:
		Name: Art Honanyan
		Title: Chief Financial Officer

EX-99.1

Exhibit 99.1

Sunrise Real Estate Group, Inc. Signed Contract to Sell First Two floors of Sovereign Building in Suzhou, China

SHANGHAI, China, October 8/Xinhua-PR Newswire/ -- Sunrise Real Estate Group, Inc. (OTC.BB: SRRE; website: www.sunrise.sh) signed a contract to sell the 1st and 2nd floors of the Suzhou Sovereign Building to the Bank of Jiangsu on September 19, 2007, for $ 7.04 Million (or RMB 52.8 Million). Sunrise owned these two floors as investments at a total cost of $ 4.51 Million (or RMB 35.19 Million). The floors area of these first two floors is 2,316.5 square meters.

The Sovereign Building is a 30 story newly completed office building with a total commercial and office floor area of 42,500 square meters. It is located in the center of The China-Singapore Suzhou Industrial Park, where there are over 1,300 foreign and 6,500 domestic companies with offices or operations. Among these there are 52 global Fortune 500 companies.

Lin, Chi-Jung, Chairman and CEO of Sunrise, stated: “This is another sale achievement on the Suzhou Sovereign Building after selling the 29th floor of the building in July, 2006. This shows that Sunrise maintains its track record of converting its investment properties into profitable sales. We believe that our ongoing sales and investment operation will continue to add value to our shareholders.”

Forward Looking Statements

The common stock of Sunrise Real Estate Group, Inc. is quoted and traded on the OTC Bulletin Board under the trading symbol “SRRE”. This press release contains forward-looking information within the meaning of section 29A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forwarding-looking statements include statements concerning plans, objectives, goals, strategies, future events or performances and underlying assumption and other statements, which are other than statements of historical facts. Certain statements contained herein are forward-looking statements and, accordingly, involve risks and uncertainties, which could cause actual results, or outcomes to differ materially from those expressed in the forward-looking statements. The Company’s expectations, beliefs and projections are expressed in good faith and are believed by the Company to have a reasonable basis, including without limitations, management’s examination of historical operating trends, data contained in the Company’s records and other data available from third parties, but there can be no assurance that management’s expectations, beliefs or projections will result, or be achieved, or accomplished.

For more information, please contact:

Lyman Huang,

Sunrise Real Estate Group, Inc.

Tel: +86-21-6422-0505 x105

Email: ir@sunrise-sh.net

Web: http://www.sunrise.sh

SOURCE Sunrise Real Estate Group, Inc.