BEIJING, Aug. 5, 2014 /PRNewswire/ -- Xinyuan Real Estate
Co., Ltd. ("Xinyuan" or the "Company") (NYSE: XIN), a residential
real estate developer with a focus on high growth cities in
China, today announced that it has
recently acquired a land parcel in Xi'an City, Shaanxi
Province, through the Company's 51% owned subsidiary Shaanxi
Zhongmao Economic Development Co., Ltd. ("Shaanxi Zhongmao").
This land parcel is located in Daxing New District in the
northwest area of Xi'an City,
close to the Second Ring Road. The land parcel is comprised of two
pieces with the larger area intended for residential development
and the smaller area for commercial development.
Mr. Yong Zhang, Chairman of
Xinyuan, commented, "We are excited to expand further into the fast
growing central China region by
entering the Xi'an market, where
supply demand balance remains healthy in a generally slow macro
environment. This newly acquired land parcel is located in a
developing outer district of the city. The local government has
planned to transform this district to a new international trade
base and has supported renovation of the district to a more
modernization standard. This project will enrich our development
portfolio and increases our presence in China's real estate market."
About Xinyuan Real Estate Co., Ltd.
Xinyuan Real Estate Co., Ltd. ("Xinyuan") (NYSE: XIN) is a
developer of large scale, high quality residential real estate
projects aimed at providing middle-income consumers with a
comfortable and convenient community lifestyle. In China, Xinyuan primarily focuses its
development projects in high growth cities, Zhengzhou, Ji'nan, Suzhou, Kunshan, Xuzhou,
Chengdu, Shanghai, Beijing, Changsha, Sanya and Hefei. The Company's U.S. development arm, XIN
Development Group International, Inc., is a pioneer amongst Chinese
real estate residential developers, entering the US market in
2012. Xinyuan is the first real estate developer from
China to be listed on the New York
Stock Exchange. For more information, please visit http://www.xyre.com.
For more information, please contact:
In China:
Ms. Helen Zhang
Tel: +86 (10) 8588-9398
Email: irmanager@xyre.com
ICR, LLC
In U.S.: +1-646-308-1472
In China: +86 (10) 6583-7511
Email: william.zima@icrinc.com
SOURCE Xinyuan Real Estate Co., Ltd.