Xinyuan Real Estate
Encyclopedia
Xinyuan Real Estate Co., Ltd. is a Chinese
real estate company.
Principally engaged in residential real estate development
and the provision of property management
services, it focuses on Tier II cities in China.
Xinyuan was selected as one of "China's Sixty Best Employers for 2007" in a survey conducted by China Central Television
.
Xinyuan's holding company is based in the Cayman Islands
. On , Xinyuan's corporate headquarters was relocated from Zhengzhou
to Beijing
.
The China Real Estate Top 10 Committee has selected Xinyuan as one of "China's Top 10 Overseas-Listed Real Estate Developers", and has awarded it the "Top 100 Chinese Real Estate Companies with Greatest Growth Potential Award" once, and the "Top 100 Chinese Real Estate Companies Award" thrice consecutively.
s with Blue Ridge Capital
, China Construction Bank
, and Equity International
.
. Underwritten by Merrill Lynch
, Deutsche Bank Securities, and Allen & Co, Xinyuan's initial public offering
raised US$245 in capital. China Analyst reports that Xinyuan's stock is the 2nd fastest growing within its respective industry as of March 2010.
and intercom
systems installation services through two of its 11 subsidiaries, Zhengzhou Mingyuan Landscape Engineering Co., Ltd. and Zhengzhou Xinyuan Computer Network Engineering Co., Ltd. Its construction contracts typically provide for fixed or capped payments, but the payments are subject to changes in government-suggested steel prices. The contractors are typically responsible for procuring the necessary raw materials, as well as providing engineering and construction services. The Company procures certain ancillary
fixtures for installation, such as elevators, windows and entrance doors. Its major suppliers are suppliers of power distribution boxes, elevators, plastic-steel windows, doors and heat sinks.
in Sichuan Province; Hefei
in Anhui Province; Jinan
in Shandong Province; Suzhou
and Kunshan
in Jiangsu Province, and Zhengzhou
in Henan Province. It offers three main types of real estate property products: multi-layer apartment buildings, which are typically six stories or less and normally require 9 to 12 months to construct after the Company obtain the related construction permit; sub-high-rise apartment buildings, which are typically 7 to 11 stories and normally require 12 to 18 months to construct after the Company obtain the related construction permit, and high-rise apartment buildings, which are typically 12 to 33 stories and normally require 18 to 24 months to construct after it obtain the related construction permit.
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
real estate company.
Principally engaged in residential real estate development
Real estate development
Real estate development, or Property Development, is a multifaceted business, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of improved land or parcels to others...
and the provision of property management
Property management
Property management is the operation, control of ususally on behalf of an owner, and oversight of commercial, industrial or residential real estate as used in its most broad terms. Management indicates a need to be cared for, monitored and accountability given for its usable life and condition...
services, it focuses on Tier II cities in China.
History
Xinyuan is a quality real estate developer with more than 11 years of experience building large-scale residential projects for middle-income consumers in China’s Tier II cities. The company was founded in 1997 in Zhengzhou, China and takes pride in creating high quality, affordable developments aimed at providing middle-income consumers with a comfortable and convenient community lifestyle. Xinyuan's highly professional team has capitalized on China’s rapid economic growth by utilizing a standardized and scalable business model that emphasizes high asset turnover, efficient working capital management and strict cost control and their national establishment covers six strategically selected, high-growth Tier II cities: Chengdu, Hefei, Jinan, Kunshan, Suzhou, and Zhengzhou. They have a total of 26 projects and more than 3 million square meters of GFA developed, under construction and under planning.Xinyuan was selected as one of "China's Sixty Best Employers for 2007" in a survey conducted by China Central Television
China Central Television
China Central Television or Chinese Central Television, commonly abbreviated as CCTV, is the major state television broadcaster in mainland China. CCTV has a network of 19 channels broadcasting different programmes and is accessible to more than one billion viewers...
.
Xinyuan's holding company is based in the Cayman Islands
Cayman Islands
The Cayman Islands is a British Overseas Territory and overseas territory of the European Union located in the western Caribbean Sea. The territory comprises the three islands of Grand Cayman, Cayman Brac, and Little Cayman, located south of Cuba and northwest of Jamaica...
. On , Xinyuan's corporate headquarters was relocated from Zhengzhou
Zhengzhou
Zhengzhou , is the capital and largest city of Henan province in north-central China. A prefecture-level city, it also serves as the political, economic, technological, and educational centre of the province, as well as a major transportation hub for Central China...
to Beijing
Beijing
Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's...
.
The China Real Estate Top 10 Committee has selected Xinyuan as one of "China's Top 10 Overseas-Listed Real Estate Developers", and has awarded it the "Top 100 Chinese Real Estate Companies with Greatest Growth Potential Award" once, and the "Top 100 Chinese Real Estate Companies Award" thrice consecutively.
Joint ventures
Xinyuan has joint ventureJoint venture
A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
s with Blue Ridge Capital
Blue Ridge Capital
Blue Ridge Capital is an American hedge fund sponsor that invests globally.-Joint ventures:In 2008 Blue Ridge Capital's division in China started a joint venture with Equity International investing in Xinyuan Real Estate. In December, 2007, Xinyuan Real Estate goes public on the NYSE as an ADR...
, China Construction Bank
China Construction Bank
China Construction Bank is one of the 'big four' banks in the People's Republic of China. To date, it is ranked as the nation's second largest and the second largest bank in the world by market capitalization and 12th largest company in the world. The bank has approximately 13,629 domestic branches...
, and Equity International
Equity International
Equity International is a private equity firm chaired by Sam Zell....
.
Initial public stock offering
On , Xinyuan became the first Chinese real estate developer to become listed on the New York Stock ExchangeNew York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
. Underwritten by Merrill Lynch
Merrill Lynch
Merrill Lynch is the wealth management division of Bank of America. With over 15,000 financial advisors and $2.2 trillion in client assets it is the world's largest brokerage. Formerly known as Merrill Lynch & Co., Inc., prior to 2009 the firm was publicly owned and traded on the New York...
, Deutsche Bank Securities, and Allen & Co, Xinyuan's initial public offering
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
raised US$245 in capital. China Analyst reports that Xinyuan's stock is the 2nd fastest growing within its respective industry as of March 2010.
Services and subsidiaries
Xinyuan provides landscapingLandscaping
Landscaping refers to any activity that modifies the visible features of an area of land, including:# living elements, such as flora or fauna; or what is commonly referred to as gardening, the art and craft of growing plants with a goal of creating a beautiful environment within the landscape.#...
and intercom
Intercom
An intercom , talkback or doorphone is a stand-alone voice communications system for use within a building or small collection of buildings, functioning independently of the public telephone network. Intercoms are generally mounted permanently in buildings and vehicles...
systems installation services through two of its 11 subsidiaries, Zhengzhou Mingyuan Landscape Engineering Co., Ltd. and Zhengzhou Xinyuan Computer Network Engineering Co., Ltd. Its construction contracts typically provide for fixed or capped payments, but the payments are subject to changes in government-suggested steel prices. The contractors are typically responsible for procuring the necessary raw materials, as well as providing engineering and construction services. The Company procures certain ancillary
Ancillary
*Ancillary administration*Ancillary jurisdiction*Ancillary statistic*Ancillary data*Ancillary relief*Ancillary doctrine*Diacritic, an ancillary glyph added to a letter...
fixtures for installation, such as elevators, windows and entrance doors. Its major suppliers are suppliers of power distribution boxes, elevators, plastic-steel windows, doors and heat sinks.
Markets
As of December 31, 2007, the Company operated in six markets: ChengduChengdu
Chengdu , formerly transliterated Chengtu, is the capital of Sichuan province in Southwest China. It holds sub-provincial administrative status...
in Sichuan Province; Hefei
Hefei
Hefei is the capital and largest city of Anhui Province in Eastern China. A prefecture-level city, it is the political, economic, and cultural centre of Anhui...
in Anhui Province; Jinan
Jinan
Jinan is the capital of Shandong province in Eastern China. The area of present-day Jinan has played an important role in the history of the region from the earliest beginnings of civilisation and has evolved into a major national administrative, economic, and transportation hub...
in Shandong Province; Suzhou
Suzhou
Suzhou , previously transliterated as Su-chou, Suchow, and Soochow, is a major city located in the southeast of Jiangsu Province in Eastern China, located adjacent to Shanghai Municipality. The city is situated on the lower reaches of the Yangtze River and on the shores of Taihu Lake and is a part...
and Kunshan
Kunshan
Kunshan is a satellite city in the greater Suzhou region. Administratively, it is a county-level city within the prefecture-level city of Suzhou. It is located in southeastearn part of Jiangsu Province, China, adjacent to Jiangsu's border with the Shanghai Municipality.The total area of Kunshan...
in Jiangsu Province, and Zhengzhou
Zhengzhou
Zhengzhou , is the capital and largest city of Henan province in north-central China. A prefecture-level city, it also serves as the political, economic, technological, and educational centre of the province, as well as a major transportation hub for Central China...
in Henan Province. It offers three main types of real estate property products: multi-layer apartment buildings, which are typically six stories or less and normally require 9 to 12 months to construct after the Company obtain the related construction permit; sub-high-rise apartment buildings, which are typically 7 to 11 stories and normally require 12 to 18 months to construct after the Company obtain the related construction permit, and high-rise apartment buildings, which are typically 12 to 33 stories and normally require 18 to 24 months to construct after it obtain the related construction permit.
Projects
As of 2007, Xinyuan had 13 completed projects and 14 in development or planning.| Name | Location | Size | Status |
|---|---|---|---|
| Zhengzhou Central Garden | Zhengdong District Zhengdong District Zhengdong New Area is a district of Zhengzhou in the Chinese province of Henan.-External links:*... , Zhengzhou Zhengzhou Zhengzhou , is the capital and largest city of Henan province in north-central China. A prefecture-level city, it also serves as the political, economic, technological, and educational centre of the province, as well as a major transportation hub for Central China... , China China Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture... |
Completed | |
| Jinan City Family | Huaiyin District Huaiyin District, Jinan Huaiyin District is a district of the Chinese province of Shandong. It is administered by the subprovincial town of Jinan.- External links :*... , Jinan Jinan Jinan is the capital of Shandong province in Eastern China. The area of present-day Jinan has played an important role in the history of the region from the earliest beginnings of civilisation and has evolved into a major national administrative, economic, and transportation hub... , China China Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture... |
Completed | |
| Zhengzhou City Family | Guancheng District Guancheng District Guancheng District is a district of Guangdong Province, China. It is under the administration of Dongguan city. Its area is 13.5 km square and have a residential population of 230,000, within which 152,000 are new Dongguanese. It is the old political and cultural centre of Dongguan, before... , Zhengzhou Zhengzhou Zhengzhou , is the capital and largest city of Henan province in north-central China. A prefecture-level city, it also serves as the political, economic, technological, and educational centre of the province, as well as a major transportation hub for Central China... , China China Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture... |
Completed | |
| Xinyuan City Manor | Erqi District Erqi District Erqi District is a district of Henan, China. It is under the administration of the Zhengzhou city.-External links:*... , Zhengzhou Zhengzhou Zhengzhou , is the capital and largest city of Henan province in north-central China. A prefecture-level city, it also serves as the political, economic, technological, and educational centre of the province, as well as a major transportation hub for Central China... , China China Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture... |
Completed | |
| Xinyuan Splendid | Jinshui District Jinshui District Jinshui District is a district in Zhengzhou city, Henan Province. The District is 242.2 square km, in which the urban area is 58 square km. The total population is 1.01 million, in which the urban population is 865 thousand.... , Zhengzhou Zhengzhou Zhengzhou , is the capital and largest city of Henan province in north-central China. A prefecture-level city, it also serves as the political, economic, technological, and educational centre of the province, as well as a major transportation hub for Central China... , China China Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture... |
Completed | |
| Longhai Star Garden | Zhongyuan District Zhongyuan District Zhongyuan District is a district in the western part of the city of Zhengzhou in Henan Province, People's Republic of China. The city government is located in this district.... , Zhengzhou Zhengzhou Zhengzhou , is the capital and largest city of Henan province in north-central China. A prefecture-level city, it also serves as the political, economic, technological, and educational centre of the province, as well as a major transportation hub for Central China... , China China Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture... |
Completed |