UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549

                                 FORM 10-QSB

                                  (Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
                                 ACT OF 1934

              FOR THE QUARTERLY PERIOD ENDED  March 31, 2008.

                                      OR

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT
             OF 1934 FOR THE TRANSITION FROM _______ TO ________.

                       COMMISSION FILE NUMBER 000-52695

                      Greater Asia Realty Holdings, Ltd.
      -----------------------------------------------------------------
      (Exact Name of Small Business Issuer as Specified in its Charter)


           Delaware                                             30-0477890
-------------------------------                             -------------------
(State or other jurisdiction of                               (I.R.S. Employer
incorporation or organization)                              Identification No.)


   c/o Tay Chong Weng, M-3-19 Plaza Damas,
    Sri Hartamas, Kuala Lumpur, Malaysia                              50480
------------------------------------------------                    ----------
(Address of principal executive offices)                            (Zip code)


                     Issuer's telephone number: (603) 2178-4947
                             E-mail: tcwkl@hotmail.com

                                  Not applicable.
                ----------------------------------------------------
		(Former name, former address and former fiscal year,
  			   if changed since last report)


Check whether the issuer (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12
months (or for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements for the
past 90 days. Yes [x] No [ ]

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act.) Yes [ ] No [x]


<PAGE>

   APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE
                             PRECEDING FIVE YEARS

Check whether the registrant filed all documents and reports required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of
securities under a plan confirmed by a court. Yes [ ] No [ ]


                     APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date:

As of March 31, 2008, there were 16,415,000 shares of common stock, $.0001
par value per share, issued and outstanding.

Transitional Small Business Disclosure Format: Yes [ ] No [x]



                                       2

<PAGE>

                               TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements                                            4
Item 2.  Management's Discussion and Analysis or Plan of Operation      10
Item 3.  Controls and Procedures                                        13

PART II - OTHER INFORMATION

Item 1.  Legal Proceedings                                              13
Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds    13
Item 3.  Defaults Upon Senior Securities                                13
Item 4.  Submission of Matters to a Vote of Security Holders            13
Item 5.  Other Information                                              13
Item 6.  Exhibits                                                       13
SIGNATURES                                                              14




                                       3

<PAGE>

                                    PART I
                            FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

Introduction to Interim Financial Statements.

The interim financial statements included herein have been prepared by Greater
Asia Realty Holdings, Ltd. (the "Company") without audit, pursuant to the rules
and regulations of the Securities and Exchange Commission (The "Commission").
Certain information and footnote disclosure normally included in financial
statements prepared in accordance with generally accepted accounting principles
have been condensed or omitted pursuant to such rules and regulations, although
the Company believes that the disclosures are adequate to make the information
presented not misleading. These interim financial statements should be read in
conjunction with the financial statements and notes thereto included in the
Company's Annual Report on Form 10-KSB for the year ended December 31, 2007.

In the opinion of management, all normal recurring adjustments, necessary to
present fairly the financial position of the Company as of March 31, 2008, the
results of its operations for the three month periods ended March 31, 2008 and
March 31, 2007, and the changes in its cash flows for the three month periods
ended March 31, 2008 and March 31, 2007, have been included. The results of
operations for the interim periods are not necessarily indicative of the results
for the full year.

The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect certain reported amounts and disclosures. Accordingly, actual results
could differ from those estimates.


                                       4

<PAGE>
<TABLE>
<CAPTION>
                      GREATER ASIA REALTY HOLDINGS, LTD.
                        (A DEVELOPMENT STAGE COMPANY)
                                BALANCE SHEET
                            AS OF MARCH 31, 2008
                                 (Unaudited)

<S>                                                           <C>
                                   ASSETS
                                   ------

    CURRENT ASSETS

          Cash                                                $         --
                                                              ------------

    TOTAL CURRENT ASSETS                                                --
                                                              ------------

          TOTAL ASSETS                                        $         --
                                                              ============


                 LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)

    CURRENT LIABILITIES

          Shareholder Advances                                $      2,227
          Accounts Payable                                              --
                                                              ------------

    TOTAL CURRENT LIABILITIES                                        2,227
                                                              ------------

          TOTAL LIABILITIES                                          2,227


    STOCKHOLDERS' EQUITY (DEFICIT)

         Preferred stock, ($.0001 par value, 20,000,000
          shares authorized; none issued and outstanding.)              --

         Common stock ($.0001 par value, 250,000,000
          shares authorized; 16,415,000 shares issued and
          outstanding as of March 31, 2008)                          1,642

         Additional paid-in capital                                  2,497

         Deficit accumulated during development stage               (6,366)
                                                              ------------
    TOTAL STOCKHOLDERS' EQUITY (DEFICIT)                            (2,227)

                                                              ------------

    TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)        $         --
                                                              ============
</TABLE>

See accompanying notes to financial statements.


                                       5

<PAGE>
<TABLE>
<CAPTION>
                    GREATER ASIA REALTY HOLDINGS, LTD.
                      (A DEVELOPMENT STAGE COMPANY)
                        STATEMENTS OF OPERATIONS
                              (Unaudited)



                                                For the              For the           January 30,
                                                Three-Months         Three-Months      2007
                                                Ended                Ended            (Inception) to
                                                March 31, 2008       March 31, 2007    March 31, 2008
                                                --------------       --------------    --------------
<S>                                             <C>                  <C>               <C>

    REVENUES

        Revenues                                $           --       $           --    $           --
                                                --------------       --------------    --------------

    TOTAL REVENUES                                          --                   --                --

    GENERAL & ADMINISTRATIVE EXPENSES

        Organization and related expenses                   --                  139               139

        General and admistrative expenses                1,100                1,500             6,227
                                                --------------       --------------    --------------

    TOTAL GENERAL & ADMINISTRATIVE EXPENSES              1,100                1,639             6,366
                                                --------------       --------------    --------------

    NET LOSS                                    $       (1,100)      $       (1,639)   $       (6,366)
                                                ==============       ==============    ==============


    BASIC LOSS PER SHARE                        $        (0.00)      $        (0.00)   $        (0.00)
                                                ==============       ==============    ==============

    WEIGHTED AVERAGE NUMBER OF
      COMMON SHARES OUTSTANDING - BASIC AND
      DILUTED                                       16,415,000           16,390,000        16,415,000
                                                ==============       ==============    ==============
</TABLE>

See accompanying notes to financial statements.


                                       6

<PAGE>
<TABLE>
<CAPTION>


                                 GREATER ASIA REALTY HOLDINGS, LTD.
                                   (A DEVELOPMENT STAGE COMPANY)
                                     STATEMENTS OF CASH FLOWS
                                           (Unaudited)


                                                               For the              For the           January 30,
                                                               Three-Months         Three-Months      2007
                                                               Ended                Ended            (Inception) to
                                                               March 31, 2008       March 31, 2007    March 31, 2008
                                                               --------------       --------------    --------------
<S>                                                            <C>                  <C>               <C>

    CASH FLOWS FROM OPERATING ACTIVITIES

        Net income (loss)                                      $       (1,100)      $       (1,639)   $       (6,366)


        Issuance of stock for formation expenses                           --                  139               139

        Issuance of stock for services rendered                            --                1,500             4,000
                                                               --------------       --------------    --------------
        Toal adjustments to net income                                                       1,639            (2,227)

         NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES               --                   --                --

    CASH FLOWS FROM INVESTING ACTIVITIES

         NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES               --                   --                --
                                                               --------------       --------------    --------------

   CASH FLOWS FROM FINANCING ACTIVITIES

        Advances from stockholder                                       1,100                   --             2,227

        Accounts payable                                                   --                   --                --
                                                               --------------       --------------    --------------

        NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES    $        1,100       $           --    $        2,227
                                                               --------------       --------------    --------------


        NET INCREASE (DECREASE) IN CASH                                    --                   --                --

        CASH AT BEGINNING OF YEAR                                          --                   --                --
                                                               --------------       --------------    --------------

        CASH AT END OF YEAR                                    $           --       $           --    $           --
                                                               ==============       ==============    ==============

    NONCASH INVESTING AND FINANCING ACTIVITIES:

    Common stock issued for services rendered                  $           --       $        1,639    $        4,139
                                                               ==============       ==============    ==============

    SUPPLEMENTAL DISCLOSURES OF CASH FLOW
    INFORMATION:

    Interest paid                                              $           --       $           --    $           --
                                                               ==============       ==============    ==============

    Income taxes paid                                          $           --       $           --    $           --
                                                               ==============       ==============    ==============

</TABLE>

See accompanying notes to financial statments.



                                       7

<PAGE>

                       GREATER ASIA REALTY HOLDINGS, LTD.
                         (A DEVELOPMENT STAGE COMPANY)
                         NOTES TO FINANCIAL STATEMENTS
                                 (UNAUDITED)



NOTE 1.   ORGANIZATION AND DESCRIPTION OF BUSINESS

Greater Asia Realty Holdings, Ltd. (the "Company") was incorporated in the
State of Delaware on January 30, 2007 in order to create and realize value by
identifying and making opportunistic real estate investments by the direct
acquisition, rehabilitation, financing and management of real properties in
Malaysia.

NOTE 2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION - DEVELOPMENT STAGE COMPANY

The Company has not earned any revenue from operations. Accordingly, the
Company's activities have been accounted for as those of a "Development Stage
Company" as set forth in Financial Accounting Standards Board Statement No. 7
("SFAS 7"). Among the disclosures required by SFAS 7 are that the Company's
financial statements be identified as those of a development stage company, and
that the statements of operations, stockholders' equity and cash flows disclose
activity since the date of the Company's inception.

ACCOUNTING METHOD

The Company's financial statements are prepared using the accrual method of
accounting. The Company has elected a fiscal year ending on December 31.

USE OF ESTIMATES

The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting period.  In
the opinion of management, all adjustments necessary in order to make the
financial statements not misleading have been included.  Actual results could
differ from those estimates.

CASH EQUIVALENTS

The Company considers all highly liquid investments with maturity of three
months or less when purchased to be cash equivalents.

INCOME TAXES

Income taxes are provided in accordance with Statement of Financial Accounting
Standards No. 109 (SFAS 109), Accounting for Income Taxes.  A deferred tax
asset or liability is recorded for all temporary differences between financial
and tax reporting and net operating loss carryforwards.  Deferred tax expense
(benefit) results from the net change during the year of deferred tax assets
and liabilities. Deferred tax assets are reduced by a valuation allowance when,
in the opinion of management, it is more likely than not that some portion of
all of the deferred tax assets will be realized.  Deferred tax assets and


                                       8

<PAGE>

liabilities are adjusted for the effects of changes in tax laws and rates on
the date of enactment. There were no current or deferred income tax expenses
or benefits due to the Company not having any material operations for period
ended March 31, 2008.

BASIC EARNINGS (LOSS) PER SHARE

In February 1997, the FASB issued SFAS No. 128, "Earnings Per Share", which
specifies the computation, presentation and disclosure requirements for
earnings (loss) per share for entities with publicly held common stock.  SFAS
No. 128 supersedes the provisions of APB No. 15, and requires the presentation
of basic earnings (loss) per share and diluted earnings (loss) per share. The
Company has adopted the provisions of SFAS No. 128 effective January 30, 2007
(inception).

Basic net loss per share amounts is computed by dividing the net income by the
weighted average number of common shares outstanding.  Diluted earnings per
share are the same as basic earnings per share due to the lack of dilutive
items in the Company.

IMPACT OF NEW ACCOUNTING STANDARDS

The Company does not expect the adoption of recently issued accounting
pronouncements to have a significant impact on the Company's results of
operations, financial position, or cash flow.

NOTE 3.  GOING CONCERN

The Company's financial statements are prepared using accounting principles
generally accepted in the United States of America applicable to a going
concern that contemplates the realization of assets and liquidation of
liabilities in the normal course of business. The Company has not established
any source of revenue to cover its operating costs. The Company will engage in
very limited activities without incurring any liabilities that must be
satisfied in cash until a source of funding is secured. The Company will offer
noncash consideration and seek equity lines as a means of financing its
operations. If the Company is unable to obtain revenue producing contracts or
financing or if the revenue or financing it does obtain is insufficient to
cover any operating losses it may incur, it may substantially curtail or
terminate its operations or seek other business opportunities through strategic
alliances, acquisitions or other arrangements that may dilute the interests of
existing stockholders.

NOTE 4. RELATED PARTY TRANSACTIONS

On January 30, 2007, the Company issued 1,390,000 shares of common stock for
$139 in services to the founding shareholder of the Company to fund
organizational start-up costs.

On February 12, 2007, the Company issued 15,000,000 shares of common stock to
the founding shareholder for the development of our business concept and plan.
The services were valued at $1,500.

As of March 31, 2008, the Company owed the President and CEO of the Company
an outstanding balance of $2,227 for expenses incurred on its behalf.  The
advance is non-interest bearing and no interest has been accrued.


                                       9

<PAGE>

NOTE 5.   SHAREHOLDER'S EQUITY

Upon formation, the Board of Directors issued 1,390,000 shares of common stock
for $139 in services to the founding shareholder of the Company to fund
organizational start-up costs.

On February 12, 2007, the Company issued 15,000,000 shares of common stock to
our founding shareholder for the development of our business concept and plan.
The services were valued at $1,500.

On November 14, 2007, the Company  issued 25,000 shares of common stock to Gary
L. Blum for legal services rendered  in  connection with the Company's proposed
public offering of securities. The services were valued at $2,500.

The stockholders' equity section of the Company contains the following classes
of capital stock as of March 31, 2008:

       o Common stock, $0.0001 par value: 250,000,000 shares authorized;
         16,415,000 shares issued and outstanding.

       o Preferred stock, $0.0001 par value: 20,000,000 shares authorized; but
         not issued and outstanding.

NOTE 6. STOCK OPTION PLAN

On November 2, 2007, the Company adopted the 2007 Greater Asia Realty Holdings,
Ltd. Stock Option Plan ("Plan").  The Plan provides for the issuance of up to
1,000,000 shares for options over a ten-year period.  Under provisions of the
Plan, the purchase price for a share of stock subject to the options shall not
be less than 100% of the fair market value of the stock at the date of grant.
As of March 31, 2008 no options had been granted under the Plan.

NOTE 7. PROPOSED INITIAL PUBLIC OFFERING

On December 3, 2007, the Company filed with the U.S. Securities and Exchange
Commission (SEC), a registration statement on Form SB-2 in connection with a
proposed $500,000 initial public offering of 500,000 units at $1.00 per unit,
each consisting of one share of common stock, two Class A warrants and four
Class B warrants.  The registration statement was declared effective by the
SEC on January 16, 2008.


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

The following discussion and analysis of our financial condition and results of
operations should be read in conjunction with our financial statements and
related notes included elsewhere in this report. References in this section to
"Greater Asia Realty Holdings, Ltd.," the "Company," "we," "us," and "our"
refer to Greater Asia Realty Holdings, Ltd.

PLAN OF OPERATION

The following plan of operation provides information which we believe is
relevant to an assessment and understanding of our results of operations and
financial condition. The discussion should be read along with our financial
statements and notes thereto. We are a development stage company. Because we


                                      10

<PAGE>

have not generated any revenue, we intend to report our plan of operation
below.

The following discussion and analysis contains forward-looking statements,
which involve risks and uncertainties. Our actual results may differ
significantly from the results, expectations and plans discussed in these
forward-looking statements.

Our operations have been devoted primarily to developing a business plan and
raising capital for future operations and administrative functions. Because of
uncertainties surrounding our development, we anticipate incurring development
stage losses in the foreseeable future. Our ability to achieve our business
objectives is contingent upon our success in raising additional capital until
adequate revenues are realized from operations.

During the next twelve months, we expect to take the following steps in
connection with the development of our business and the implementation of our
plan of operations:

Raising Capital - we hope to raise $500,000 through the sale of our securities
in our initial public offering. We may find it difficult to raise that amount
of capital required of us to commence full operation, because we are a
development stage company with no history of operation. Provided that we are
successful in raising a minimum of $125,000 from the initial public offering,
we believe we can commence operations on a limited scale for at least twelve
months. In this event, we will only invest in properties that generate positive
cash flow. If only the minimum amount or an amount not substantially in excess
of the minimum amount is raised in the initial public offering, we will need to
raise additional funds from other sources to expand operations. There can be no
assurance that we will be successful in raising the capital we require through
the sale of our securities. However, our president and sole-director, Mr. Tay
Chong Weng, has agreed to lend us up to $125,000, for a minimum term of 12
months with an interest rate equivalent to the Citibank, N.A. prime rate if we
are unable to raise a minimum of $125,000 from this offering. Mr. Tay Chong
Weng has represented to us that he has readily available liquid funds in excess
of $125,000.

Acquiring Properties - we intend to notify real estate brokers operating in
geographical areas of interest to us that we are interested in acquiring
suitable developed or undeveloped properties. When appropriate properties are
identified, we will negotiate for an acceptable purchase price and terms. As
consideration for any acquisition, we would use our capital, our equity and
borrowed funds secured by the property acquired.

Relationships with Banks - management intends to use the startup phase to
introduce us to banks and other lending institutions that may be interested in
making secured loans to us in order to pay for properties.

Development of Properties - if we acquire undeveloped properties we will try to
determine appropriate development plans for the property. We may engage outside
consultants and property managers to assist us in developing these plans.

Each of these steps present significant risks with respect to our ability to
implement our plan of operations, which are discussed in the "Risk Factors"
section of this report.

We intend to grow through internal development, strategic alliances, and


                                      11

<PAGE>

acquisitions of properties. Because of uncertainties surrounding our
development and limited operating history, we anticipate incurring development
stage losses in the foreseeable future. Our ability to achieve our business
objectives is contingent upon our success in raising additional capital until
adequate revenues are realized from operations.

There is intense competition in the real estate investment market with other
companies that are much larger and both national and international in scope and
which have greater financial resources than we have. At present, we require
additional capital to make our full entrance into this industry.

We have filed a registration statement with the U.S. Securities and Exchange
Commission, in part, because we believe that an early registration of our
equity securities will minimize some of the barriers to capital formation that
otherwise exist. By having a registration statement in place, we believe that
we will be in a better position, either to conduct a future public offering of
our securities or to undertake a private placement with registration rights,
than if we were a privately held company. Registering our shares may help
minimize the liquidity discounts we may otherwise have to take in a future
financing because investors will have a high degree of confidence that the Rule
144(c)(1) public information requirement will be satisfied and a public market
may exist to effect Rule 144(g) broker transactions.

We believe that the cost of registering our securities and undertaking the
required disclosure obligations will be more than offset by being able to get
better terms for future financing efforts.

Off-Balance Sheet Arrangements

The Company does not have any off-balance sheet arrangements that have or are
reasonably likely to have a current or future effect on the Company's financial
condition, changes in financial condition, revenues or expenses, results of
operations, liquidity, capital expenditures or capital resources that are
material to investors.

Cautionary Safe Harbor Statement under the United States Private Securities
Litigation Reform Act of 1995.

Certain information contained in this Form 10-QSB's forward looking information
within the meaning of the Private Securities Litigation Act of 1995 (the "Act")
which became law in December 1995. In order to obtain the benefits of the "safe
harbor" provisions of the act for any such forward looking statements, the
Company wishes to caution investors and prospective investors about significant
factors which among others have affected the Company's actual results and are in
the future likely to affect the Company's actual results and cause them to
differ materially from those expressed in any such forward looking statements.
This Form 10-QSB report contains forward looking statements relating to future
financial results. Actual results may differ as a result of factors over which
the Company has no control including, without limitation, the risks of interest
rate changes, the rental rate and demand for apartment rental units,
fluctuations in the costs to operate the properties owned by us, uninsurable
risks, general economic conditions, movements in the foreign exchange rate and
the availability of additional financing for the Company. Additional information
which could affect the Company's financial results is included in the Company's
Form 10-KSB on file with the Securities and Exchange Commission.


                                      12

<PAGE>

ITEM 3. CONTROLS AND PROCEDURES.

As of the end of the period covered by this report, we conducted an evaluation,
under the supervision and with the participation of our chief executive officer
and chief financial officer of our disclosure controls and procedures (as
defined in Rule 13a-15(e) and Rule 15d-15(e) of the Exchange Act). Based upon
this evaluation, our chief executive officer and chief financial officer
concluded that our disclosure controls and procedures are effective to ensure
that information required to be disclosed by us in the reports that we file or
submit under the Exchange Act is recorded, processed, summarized and reported,
within the time periods specified in the Commission's rules and forms. There
was no change in our internal controls or in other factors that could affect
these controls during our last fiscal quarter that has materially affected, or
is reasonably likely to materially affect, our internal control over financial
reporting.



                                     PART II

                                OTHER INFORMATION


ITEM 1 - LEGAL PROCEEDINGS

         Not Applicable

ITEM 2 - UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

         Not Applicable

ITEM 3 - DEFAULTS UPON SENIOR SECURITIES

         Not Applicable

ITEM 4 - SUBMISSION OF MATTERS TO VOTE OF SECURITY HOLDERS

         Not Applicable

ITEM 5 - OTHER INFORMATION

         Not Applicable


ITEM 6 - EXHIBITS.

(a) The following exhibits are filed with this report.

Exhibit     Description
-------     -----------
 31.1       Certification of the Chief Executive Officer and Chief Financial
            Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

 32.1       Certification of the Chief Executive Officer and Chief Financial
            Officer pursuant to U.S.C. Section 1350 as adopted pursuant to
            Section 906 of the Sarbanes-Oxley Act of 2002



                                      13

<PAGE>

                                  (FORM 10-QSB)


                                   SIGNATURES

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 thereunto duly authorized.


                                    GREATER ASIA REALTY HOLDINGS, LTD.


     DATED: May 7, 2008             BY: /s/ Tay Chong Weng
					---------------------------
					Name: TAY CHONG WENG
					Title: CHIEF EXECUTIVE OFFICER
                                        AND CHIEF FINANCIAL OFFICER
					(PRINCIPAL EXECUTIVE OFFICER AND
                                         PRINCIPAL ACCOUNTING OFFICER)




                                      14