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. |