BEIJING, May 8, 2017 /PRNewswire/ -- The Oosten project in
Brooklyn, developed by XIN
Development Group International, Inc., the U.S. development arm of
Xinyuan Real Estate Co., Ltd. ("Xinyuan" or "the Company") (NYSE:
XIN), an NYSE-listed real estate developer and property manager
primarily in China and recently in
other countries, was named one of the "Top 10 Best-Selling NYC
Buildings in Q1 2017" by PropertyShark.
The Oosten, in the Williamsburg section of Brooklyn, was ranked 5th among the
top 10 by PropertyShark, with 37 units sold in the first quarter of
2017 (as disclosed by PropertyShark). The strong showing reinforces
Oosten's notable performance in 2016, when it closed sales of
another 100 units, PropertyShark said. PropertyShark is a leading
property research tool for real estate professionals, investors and
homebuyers in New York, and other
major US markets. The ranking of top 10 best-selling NYC buildings
was based on all sales closed between
January 1st and March 31st 2017.
Xinyuan acquired the land for the Oosten at the end of 2012, and
has since transformed an entire city block of raw land parcel into
a state-of-the-art, modern land mark.
"We are pleased with the performance of the Oosten project,
which is our first residential real estate development in
New York City," said CFO
Helen Zhang. "With the success of
the Oosten, we are expanding our investment in the residential
market in New York City with the
Hudson Garden project in Midtown Manhattan and the landmark RKO
KEITH'S Theater project in Queens."
The Oosten, located at Kent Avenue and South 8th Street in
Williamsburg, has good views of downtown Manhattan and is a short distance from the
Wall Street financial district. Williamsburg is one of the most
culturally exciting neighborhoods in all of New York. The waterfront district, where
Oosten is situated, is just one subway stop from Manhattan, seconds from the East River Ferry
and right at the base of the Williamsburg Bridge. Abundant bike
lanes nearby allow bikers to travel into Lower Manhattan and
neighboring areas.
The building has 216 units with seven different unit typologies
(townhomes, duplex homes, 1-, 2-, & 3-bedrooms, lofts, and
duplex penthouses). Approximately 80% of the Oosten's total units
had been pre-sold as of Dec. 31,
2016.
About Xinyuan Real Estate Co., Ltd.
Xinyuan Real Estate Co., Ltd. ("Xinyuan") is an NYSE-listed real
estate developer and property manager primarily in China and in other countries. In China, the Company develops and manages large
scale, high quality real estate projects in over ten tier one and
tier two cities, including Beijing, Shanghai, Zhengzhou, Jinan, Xi'an,
Suzhou, among others. Xinyuan was one of the first Chinese real
estate developers to enter the U.S. market and over the past few
years has been active in real estate development in New York. The Company 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.
Safe Harbor Statement
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 intended use of proceeds 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 into new geographic markets or
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; 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, 2016.
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.
For more information, please contact:
Xinyuan Real Estate Co., Ltd.
Mr. Joe Xu
Investor Relations Deputy Director
Tel: +86 (10) 8588-9376
Email: irteam@xyre.com
ICR, LLC
Investors:
William Zima
In U.S.: +1-646-308-1472
In China: +86 (10) 6583 7511
Email: William.zima@icrinc.com
Media:
Edmond Lococo
In China: +86 (10) 6583-7510
Email: Edmond.Lococo@icrinc.com
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SOURCE Xinyuan Real Estate Co., Ltd.