Xinyuan Real Estate Co., Ltd
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Xinyuan Real Estate Co., Ltd is a developer of large scale, high quality residential real estate projects aimed at providing middle-income consumers with a comfortable and convenient community lifestyle. Xinyuan focuses on Chinas Tier II cities, characterized as larger, more developed urban areas with above average GDP and population growth rates. Xinyuan has expanded its network to cover a total population of over 44.7 million people in seven strategically selected Tier II cities, comprising Hefei, Jinan, Kunshan, Suzhou, Zhengzhou, Xuzhou and Chengdu.
Our products portfolio consists of multiple rise buildings, sub-high-rise buildings and high-rise buildings, together with auxiliary services and amenities such as retail outlets, leisure and health facilities, kindergartens and schools. In addition, we provide property management services for our developments and other real estate-related services to our customers.
We acquire land pieces primarily through public auctions of government land involving a transparent bidding process. This acquisition method allows us to obtain unencumbered land use rights to unoccupied land which can be immediately developed without the need for additional demolition, re-settlement or protracted legal processes to obtain titles.
Supported by a strong management team and solid execution, further blessed by our business model focusing on rapid asset turnover, efficient capital management and strict cost control, As of June 30, 2010, we had completed 19 projects with GFA of 1.59 million sqm and an additional 7 under construction and another 5 in the planning stages with total GFA of 2.87 million sqm.
Significant growth of the Chinese economy has been a boosting to the rapid expansion of the real estate industry. With accelerating urbanization process and increasing per-capita disposable income, the demand from first home buyers and sequential purchases home buyers will continue to be strong, thus, the Chinese real estate industry will see a sustainable development in the middle and long term.
Xinyuan real estate, since founded in Zhengzhou, has been dedicating to build high quality, comfortable and affordable housing for customers. By focusing on tier 2 cities, where is home to 215.1 million population, XIN has achieved a 65.6% CAGR in terms of revenue from 2004 to 2009 under POC accounting method.
Going forward, Xinyuan real estate will continue to follow its fast asset turnover business model, keep solid operation in current presence and seek for geographical expansion when timing fits and conditions mature. Xinyuan real estate will continue to be a reliable and respected name in the industry.