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 SEPTEMBER 30, 2007.

                                      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
-------------------------------                             -------------------
(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


                                  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]

   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 October 22, 2007, there were 16,390,000 shares of common stock, $.0001
par value per share, issued and outstanding.

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




                               TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements                                           3
Item 2.  Management's Discussion and Analysis or Plan of Operation      9
Item 3.  Controls and Procedures                                        11

PART II - OTHER INFORMATION

Item 1.  Legal Proceedings                                              12
Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds    12
Item 3.  Defaults Upon Senior Securities                                12
Item 4.  Submission of Matters to a Vote of Security Holders            12
Item 5.  Other Information                                              12
Item 6.  Exhibits                                                       12
SIGNATURES                                                              13






                                    PART I
                            FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS



                       GREATER ASIA REALTY HOLDINGS, LTD.
                         (A DEVELOPMENT STAGE COMPANY)
                             FINANCIAL STATEMENTS
                                (U.S. DOLLARS)
                                 (UNAUDITED)
                              SEPTEMBER 30, 2007






						3
<PAGE>


<TABLE>
<CAPTION>
                      GREATER ASIA REALTY HOLDINGS, LTD.
                        (A DEVELOPMENT STAGE COMPANY)
                                BALANCE SHEET
                               (U.S. DOLLARS)
                                 (UNAUDITED)
                                                                 AS OF
                                                               SEPTEMBER
                                                                30, 2007
                                                              ------------
<S>                                                           <C>
                                   ASSETS

    CURRENT ASSETS

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

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

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


                 LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)

    CURRENT LIABILITIES                                       $         --
                                                              ------------

    TOTAL CURRENT LIABILITIES                                           --
                                                              ------------

          TOTAL LIABILITIES                                             --


    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; 16,390,000 shares issued and
          outstanding as of September 30, 2007)                      1,639

         Deficit accumulated during development stage               (1,639)
                                                              ------------
    TOTAL STOCKHOLDERS' EQUITY (DEFICIT)                                --

           TOTAL LIABILITIES &
                      STOCKHOLDERS' EQUITY (DEFICIT)
                                                              ------------
                                                              $         --
                                                              ============

See accompanying notes to financial statements.

</TABLE>


						4
<PAGE>

<TABLE>
<CAPTION>
                    GREATER ASIA REALTY HOLDINGS, LTD.
                      (A DEVELOPMENT STAGE COMPANY)
                        STATEMENTS OF OPERATIONS
                            (U.S. DOLLARS)
                              (UNAUDITED)


                                                           JANUARY 30, 2007
                                                             (INCEPTION)        CUMULATIVE
                                                               THROUGH        SINCE INCEPTION
                                                             SEPTEMBER 30,     SEPTEMBER 30,
                                                                 2007              2007
                                                           ---------------    ---------------
<S>                                                        <C>                <C>

    REVENUES

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

    TOTAL REVENUES                                                      --                 --

    GENERAL & ADMINISTRATIVE EXPENSES
        Organization and related expenses                              139                139
        General and admistrative expenses                            1,500              1,500
                                                           ---------------    ---------------

    TOTAL GENERAL & ADMINISTRATIVE EXPENSES                          1,639              1,639
                                                           ---------------    ---------------

    NET LOSS                                               $        (1,639)   $        (1,639)
                                                           ===============    ===============


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

    WEIGHTED AVERAGE NUMBER OF
      COMMON SHARES OUTSTANDING - BASIC AND
      DILUTED                                                   16,390,000         16,390,000
                                                           ===============    ===============

See accompanying notes to financial statements.

</TABLE>
						5
<PAGE>


<TABLE>
<CAPTION>


                                 GREATER ASIA REALTY HOLDINGS, LTD.
                                   (A DEVELOPMENT STAGE COMPANY)
                                     STATEMENTS OF CASH FLOWS
                                          (U.S. DOLLARS)
                                            (UNAUDITED)

                                                                                               CUMULATIVE
                                                                          JANUARY 30, 2007        SINCE
                                                                            (INCEPTION)        (INCEPTION)
                                                                              THROUGH            THROUGH
                                                                            SEPTEMBER 30,      SEPTEMBER 30,
                                                                                2007              2007
                                                                          ---------------    ---------------
<S>                                                                       <C>                <C>

    CASH FLOWS FROM OPERATING ACTIVITIES

        Net income (loss)                                                 $        (1,639)   $        (1,639)

        Issuance of stock for formation expenses                                      139                139

        Issuance of stock for services rendered                                     1,500              1,500
                                                                          ---------------    ---------------
        Toal adjustments to net income                                              1,639              1,639

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

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

        NET INCREASE (DECREASE) IN CASH                                                --                 --

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

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

    NONCASH INVESTING AND FINANCING ACTIVITIES:

    Common stock issued to founder for services rendered                  $         1,639    $         1,639
                                                                          ===============    ===============

    SUPPLEMENTAL DISCLOSURES OF CASH FLOW
    INFORMATION:

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

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

See accompanying notes to financial statments.

</TABLE>

						6
<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
liabilities are adjusted for the effects of changes in tax laws and rates on
the date of enactment. There were no current or deferred


						7
<PAGE>

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



NOTE 2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

income tax expenses or benefits due to the Company not having any material
operations for period ended September 30, 2007.

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.   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.

The stockholders' equity section of the Company contains the following classes
of capital stock as of September 30, 2007:

       *  Common stock, $ 0.0001 par value: 250,000,000 shares authorized;
          16,390,000 shares issued and outstanding.

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



						8
<PAGE>


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.

Certain statements in this interim report are forward-looking statements within
the meaning of the federal securities laws. Although we believe that the
expectations reflected in our forward-looking statements are based on
reasonable assumptions, there are risks and uncertainties that may cause actual
results to differ materially from expectations. These risks and uncertainties
include, but are not limited to, identifying desirable properties, negotiating
desirable investment terms, and changes in the real estate market in Malaysia,
changing interest rates, and a general downturn in the Malaysian economy. The
words "expects, intends, believes, anticipates, may, could, should" and similar
expressions and variations thereof are intended to identify forward-looking
statements. The cautionary statements set forth in this section are intended to
emphasize that actual results may differ materially from those contained in any
forward looking statement.

PLAN OF OPERATIONS - IN GENERAL

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

DEVELOPMENT OF OUR BUSINESS

The Company was incorporated under the laws of the State of Delaware on January
30, 2007.

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 US$500,000 through the sale of our
securities. 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 US$125,000, 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


						9
<PAGE>

substantially in excess of the minimum amount is raised, 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.

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 start-up 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.

We intend to grow through internal development, strategic alliances, and
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 are still considered to be a development stage company, with no revenues,
and are dependent upon the raising of capital through placement of our common
stock.  There can be no assurance that we will be successful in raising the
capital we require through the sale of our common stock.


						10
<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.


						11
<PAGE>



PART II

OTHER INFORMATION

ITEM 1 - LEGAL PROCEEDINGS

The Company knows of no material, active or pending legal proceedings against
them; nor is the Company involved as a plaintiff in any material proceeding or
pending litigation.

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

None.

ITEM 3 - DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4 - SUBMISSION OF MATTERS TO VOTE OF SECURITY HOLDERS

None.

ITEM 5 - OTHER INFORMATION

(1) Committees and financial reviews.

The board of directors has not established an audit committee. In addition, we
do not have any other compensation or executive or similar committees. We will
not, in all likelihood, establish an audit committee until such time as we
increase our revenues, of which there can be no assurance. We recognize that an
audit committee, when established, will play a critical role in our financial
reporting system by overseeing and monitoring management's and the independent
auditor's participation in the financial reporting process.

Until such time as an audit committee has been established, the board of
directors will undertake those tasks normally associated with an audit
committee to include, but not by way of limitation, the (i) review and
discussion of the audited financial statements with management, and (ii)
discussions with the independent auditors with respect to the matters required
to be discussed by the Statement On Auditing Standards No. 61, "Communications
with Audit Committees", as may be modified or supplemented.

ITEM 6 - EXHIBITS.

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

3.1     Certificate of Incorporation (herein incorporated by reference from
        Registration Statement on Form 10-SB12G filed with the U.S. Securities
        and Exchange Commission on June 22, 2007).

3.2     Bylaws (herein incorporated by reference from Registration Statement
        on Form 10-SB12G filed with the U.S. Securities and Exchange
        Commission on June 22, 2007).

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


						12
<PAGE>



                                  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: October 22, 2007	    BY: /S/ TAY CHONG WENG
					---------------------------
					TAY CHONG WENG
					CHIEF EXECUTIVE OFFICER AND
                                        CHIEF FINANCIAL OFFICER
					(PRINCIPAL EXECUTIVE OFFICER AND
                                         PRINCIPAL ACCOUNTING OFFICER)




						13
<PAGE>