Xinyuan Real Estate is a Chinese real estate developer that focuses on developing residential real estate in Chinese cities. Since its inception, the company has completed 41 projects and successfully sold 97% of its condos. This compares favorably to China’s historical housing vacancy rate of 15%.1 The company focuses on Tier I and Tier II cities, with 31 projects split between the two tiers. These projects represent approximately 5,918,000 square meters in gross floor area. Generally, there are four tiers of cities in China. Tier I cities are the most developed, have the largest populations, and tend to be directly run by the Chinese government. 2 Examples include Beijing, Shanghai, and Shenzhen. Tier II cities are the second most developed and are often provincial capitals. Examples include Zhengzhou, Jinan, Suzhou, and Xi’an. Xinyuan Real Estate has also expanded into the U.S. market in recent years, with residential buildings throughout the boroughs of New York City. Specifically, in New York, the company has developments in Williamsburg, Brooklyn, Hell’s Kitchen, Manhattan, and Flushing, Queens. The Williamsburg project, the Oosten, is entirely residential. The same holds true for the Queen’s development, RKO. The Manhattan development is also primarily residential, with a grocery store on the first floor.
Xinyuan Real Estate