Xinyuan Real Estate Obtains Top Tier Property Management Qualification Certificate
16 January 2008 - 4:10PM
PR Newswire (US)
ZHENGZHOU, China, Jan. 16 /Xinhua-PRNewswire/ -- Xinyuan Real
Estate Co., Ltd. ("Xinyuan")(NYSE:XIN), a fast-growing residential
real estate developer that focuses on Tier II cities in China,
today announced that the company's Henan property management
subsidiary has been granted the Top Tier Property Management
Qualification Certificate by China's Ministry of Construction.
"This qualification is a reflection of Xinyuan's experience and
expertise in property management," said Mr. Yong Zhang, Xinyuan's
chairman and chief executive officer. "As the leading property
management services provider in Henan province, Xinyuan's
recognition as a top-tier property management company will help us
establish Xinyuan's brand in new markets within China as we
continue in our efforts to bring high quality, affordable homes to
China's Tier II middle income buyers." Each year, experts from
China's Ministry of Construction present the Top Tier Property
Management Qualification Certificate to companies that excel in
property management areas such as development scale, personnel
structure, policy execution, operational efficiency, and management
results. Xinyuan's property management company has obtained all
property management rights to the projects developed by Xinyuan,
including the rights to the recently developed Jinan International
City Garden and Chengdu Xinyuan Splendid. About Xinyuan Real Estate
Co., Ltd. Xinyuan Real Estate Co., Ltd. is a fast-growing developer
of large scale, quality residential real estate projects aimed at
providing middle-income consumers in China's Tier II cities with a
comfortable and convenient community life. Ranked #1 among all
property developers in Zhengzhou in terms of contracted sales of
residential units for the years 2004, 2005 and 2006, Xinyuan has
expanded its network to cover a total population of 34 million
people in 5 strategically selected Tier II cities, including
Chengdu, Hefei, Jinan, Suzhou and Zhengzhou. Xinyuan has completed
13 projects with total GFA of 0.9 million square meters within the
past 10 years and as of September 30, 2007, Xinyuan had 7 projects
under construction with a total GFA of 0.8 million square meters
and 7 additional projects under planning with total GFA of 1.3
million square meters. With a focus on high asset turnover,
efficient working capital management and strict cost control,
Xinyuan is dedicated to bringing high quality, affordable homes to
China's middle income buyers. For more information, please visit
http://www.xyre.com/ . Safe Harbor Statement This announcement may
contain forward-looking statements. These statements are made under
the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates," "confident" and similar statements. Statements that
are not historical facts, including statements concerning Xinyuan's
beliefs, forecasts, estimates and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties. Information regarding these risks and uncertainties
is included in our public filings with the Securities and Exchange
Commission. All information provided in this press release is as of
January 16, 2008, and Xinyuan undertakes no duty to update such
information, except as required under the applicable law. For
investor and media inquiries, please contact: In China: Mr. Alex
Gong Director of Investor Relations Tel: +86-371-6565-1611 Email:
Mr. Derek Mitchell Ogilvy Public Relations Worldwide (Beijing) Tel:
+86-10-8520-6284 Email: In the United States: Mr. Jeremy Bridgman
Ogilvy Public Relations Worldwide (New York) Tel: +1-212-880-5363
Email: DATASOURCE: Xinyuan Real Estate Co., Ltd. CONTACT: In China,
Mr. Alex Gong, Director of Investor Relations of Xinyuan Real
Estate Co., Ltd., +86-371-6565-1611, or , or Mr. Derek Mitchell of
Ogilvy Public Relations Worldwide (Beijing), +86-10-8520- 6284, or
, or in the United States, Mr. Jeremy Bridgman of Ogilvy Public
Relations Worldwide (New York), +1-212-880-5363, or , both for
Xinyuan Real Estate Co., Ltd. Web Site: http://www.xyre.com/
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