BEIJING, Nov. 29,
2022 /PRNewswire/ -- Xinyuan Real Estate Co.,
Ltd. ("Xinyuan" or the "Company") (NYSE: XIN), a
NYSE-listed real estate developer with operations primarily in
China and assets in other
countries, today announced that during the third quarter of 2022,
Xinyuan Group completed and delivered six projects in six cities in
China with a total area of 292,000
square meters, in spite of numerous market-wide difficulties and
constraints. 2022 is a challenging year for real estate
enterprises. Nevertheless, Xinyuan Group has been actively
continuing its constructions and keeping deliveries on track to
fulfill its obligations.
Under the support of governments at various levels, Xinyuan has
received approvals of approximately $100M stimulus fund by the end of October to
facilitate the completion of certain construction projects and is
expecting to obtain additional funding support from the
government.
For Xinyuan, ensuring the delivery of homes has always been one
of the top priorities for the company's operation and management.
Coping with changes in the industry, Xinyuan has been overcoming
numerous difficulties and is resolved to ensure the delivery of
homes and to stabilize the livelihood of homeowners," which in turn
propels the company in a positive cycle.
The major projects delivered are located in Tianjin, Zhejiang, Shandong, Henan provinces.
Huzhou Silk Town
On June 30th, 2022, Xinyuan Huzhou
Silk Town was delivered. Xinyuan Huzhou Silk Town is a key project
in Zhejiang Province, among the
first group of "culturally-featured towns" in the country. The silk
town has great advantages in industrial development, surrounding
infrastructures, and attracting high-income talents.
Dalian Canglong Shoufu
In July, 2022, the first phase of Villa Canglong Shoufu was
delivered with 215 units and a total area of 27,056 square meters.
This project is close to the Dalian Xinchuang international health
technology town which is directly supervised by the Governor of
Liaoning Province, and it is the
core project of the Medical Life science Corridor of Liaoning Province.
Xinyu Jiayuan Kunshan
As of August this year, a total of 74,457 square meters of Xinyu
Jiayuan Kunshan has been delivered. The project is located in
Huaqiao International Business City, about 300 meters from Metro
Line 11 Zhaofeng Road Station, with a total construction area of
148,000 square meters. The project consists of an 83-meter
high-rise building and a 188-meter skyscraper, which is set to
become a new landmark of the city.
Tianjin Spring Royal Palace
Following the successful delivery of Xinyu Jiayuan Kunshan,
Tianjin Spring Royal Palace was also delivered in magnificent
fashion on August 16th
with 372 units and a total of 72,000 square meters. The project is
located in Wuqing District of Tianjin, close
to Beijing-Tianjin intercity railway and six major
expressways. This prime location enables convenient transportation
within the urban Beijing-Tianjin-Hebei areas.
West Zhengzhou Xinyuan Fame Homes
After several years of diligent work, West Zhengzhou Xinyuan
Fame Homes 46# has been delivered as scheduled. The project
includes 738 units, totaling 25,093 square meters. The project is
located in the center of Xingyang City, Henan Province. Comprehensive set of amenities
fall within 2-kilometers radius of the project.
Lingshan Bay Longxi
Lingshan Bay Longxi was delivered as scheduled on October 1st. The project is located in
Qingdao city, one of the most
beautiful seaside towns in China.
The project offers high-end living experiences given its unique
location surrounded by the coastline. Various amenities are under
construction and are expected to be completed soon.
For Xinyuan, delivery of homes represents not only success in
terms of construction capability, but also the fulfilled
responsibility to its customers. Xinyuan will continue to put the
interests of homeowners among its top priorities, fulfill its
commitment to quality, adhere to its corporate responsibility and
create a positive experiences for every member of Xinyuan.
About Xinyuan Real Estate Co., Ltd.
Xinyuan Real Estate Co., Ltd. ("Xinyuan") is an NYSE-listed real
estate developer primarily in China, with assets in other
countries. In China, Xinyuan develops and manages large scale,
high quality real estate projects in over ten tier-one and tier-two
cities,
including Beijing, Shanghai, Tianjin, Zhengzhou, Jinan, Qingdao, Chengdu, Xi'an,
Suzhou, Dalian, Zhuhai and Foshan. Xinyuan was one of the
first Chinese real estate developers to enter the U.S. market and
has been active in real estate development in New
York over the past few years. Xinyuan aims to provide
comfortable and convenient real estate related products and
services to middle-class consumers. For more information, please
visit http://www.xyre.com.
Forward Looking Statements
Certain statements in this press release constitute
"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 includes
statements about future debt and financial position, among others,
and can generally be identified by terminology such as "will",
"expects", "anticipates", "future", "intends", "plans", "believes",
"estimates" and similar statements. Statements that are not
historical statements are forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties
that could cause actual results to differ materially from those
projected or anticipated, including, but not limited to, our
ability to continue to implement our business model successfully;
our ability to secure adequate financing for our project
development; our ability to successfully sell or complete our
property projects under construction and planning; our ability to
enter successfully into new geographic markets and new business
lines and expand our operations; the marketing and sales ability of
our third-party sales agents; the performance of our third-party
contractors; the impact of laws, regulations and policies relating
to real estate developers and the real estate industry in the
countries in which we operate; our ability to obtain permits and
licenses to carry on our business in compliance with applicable
laws and regulations; competition from other real estate
developers; the growth of the real estate industry in the markets
in which we operate; the impact of pandemics, such as Covid-19, on
the real estate market and the economies in our markets;
fluctuations in general economic and business conditions in the
markets in which we operate; and other risks outlined in our public
filings with the Securities and Exchange Commission, including our
annual report on Form 20-F for the year ended December 31, 2019. Except as required by law, we
undertake no obligation to update or review publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise, after the date on which the statement
is made.
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SOURCE Xinyuan Real Estate Co., Ltd.
