* Q3 EPS $0.24 vs $0.04 a year ago

* Rev rises 215 percent

* Shares up 41 pct

Nov 11 (Reuters) - Property developer China Housing & Land Development Inc's (CHLN.O: Quote, Profile, Research) quarterly profit rose nine-fold, helped by higher average selling prices for units under its JunJing II Phase One and Two projects, sending its shares up as much as 41 percent.

For the third quarter, net income rose to $12.7 million, or 24 cents a share, compared with $1.4 million, or 4 cents per share, a year ago.

Excluding special items, the company earned 6 cents per share. Revenue rose three fold to $23.8 million.

Two analysts on average had expected earnings of 8 cents a share, before special items, on revenue of $20.4 million, according to Thomson Reuters I/B/E/S. "Pre-sales of JunJing II Phase Two commenced in the third quarter and thus far, the average selling price per square meter has exceeded Phase One due to Phase Two's enhanced design layout," Chairman Pingji Lu said in a statement.

Shares of the company were up 28 percent at $4.83 in morning trade Wednesday on Nasdaq. They touched a high of $5.30 earlier. (Reporting by Divya Sharma in Bangalore; Editing by Gopakumar Warrier)