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Xinyuan Real Estate Co., Ltd. established operations in Zhengzhou, China in 1997. We are a fast-growing national developer of large scale, quality residential projects aimed at providing middle-income consumers in Tier II Chinese cities with a comfortable and convenient community life. Ranked #1 among all property developers in Zhengzhou in terms of contracted sales of residential units from 2004-2006, we have expanded our network to cover more than 34 million people in 6 strategically selected Tier II cities, including Chengdu, Hefei, Jinan, Kunshan, Suzhou and Zhengzhou.
We develop large-scale, quality residential projects, which typically consist of multiple residential buildings that include multi-layer apartment buildings, sub-high-rise apartment buildings or high-rise apartment 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.
At Xinyuan, we acquire our development sites 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 team of more than 630 employees including approximately 170 in sales and marketing, our business model focuses on rapid asset turnover, efficient capital management and strict cost control. As of September, 2008 we had completed 14 projects with an additional 9 under construction and a further 3 in the planning stages. |
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