Exhibit 99.1

China HGS will launch the construction of the Liangzhou road real estate project in the second half of 2020

HANZHONG, CHINA – June 29, 2020 – China HGS Real Estate, Inc. (NASDAQ: HGSH) (“China HGS” or the “Company”), a leading regional real estate developer headquartered in Hanzhong City, Shaanxi Province, China, today announced that the Company plans to launch the construction of Liangzhou Road real estate project in the second half of 2020.

The Liangzhou road real estate project integrates urban and rural areas in Hanzhong city and improves the quality of urbanization, as well as facilitates local economic development. The Liangzhou road real estate project is planned to include three major real estate properties, including (i) Oriental Garden Phase II, consisting of 8 high-rise residential buildings and 6 commercial buildings with total planned GFA of 370,298 square meters, (ii) Liangzhou Mansion project, consisting of 7 high-rise building and commercial shops with total planned GFA of 160,000 square meters and (iii) Pearl Commercial Plaza, consisting of one office building, one service apartment, classical architecture style of Chinese traditional houses and shopping malls with total planned GFA of 124,191 square meters. The reallocation of residence will be substantially completed by the end of June, 2020 and the Company expects to launch the construction of the project in the second half of 2020.

Safe Harbor Statement

This press release contains forward-looking statements, which are subject to change. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All "forward-looking statements" relating to the business of China HGS Real Estate Inc., which can be identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties which could cause actual results to differ. These factors include but are not limited to: the uncertain market for the Company's business, macroeconomic, technological, regulatory, or other factors affecting the profitability of real estate business; and other risks related to the Company's business and risks related to operating in China. Please refer to the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2019, for specific details on risk factors. Given these risks and uncertainties, you are cautioned not to place undue reliance on forward-looking statements. The Company's actual results could differ materially from those contained in the forward-looking statements. The Company undertakes no obligation to revise or update its forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

About China HGS Real Estate, Inc.

China HGS Real Estate, Inc. (NASDAQ: HGSH), founded in 1995 and headquartered in Hanzhong City, Shaanxi Province, is a leading real estate developer in the region and holds the national grade I real estate qualification. The Company focuses on the development of high-rise, sub-high-rise residential buildings and multi-building apartment complexes in China's Tier 3 and Tier 4 cities and counties with rapidly growing populations driven by increased urbanization. The Company provides affordable housing with popular and modern designs to meet the needs of multiple buyer groups. The Company’s development activity spans a range of services, including land acquisition, project planning, design management, construction management, sales and marketing, and property management. For further information about China HGS, please go to www.chinahgs.com.

Company contact:

Randy Xiong,

President of Capital Market

China Phone: (86) 091-62622612

Email: randy.xiong@chinahgs.com