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Xinyuan Real Estate Co., Ltd. Message Board

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  • growth.value growth.value Oct 18, 2012 11:56 AM Flag

    Why XIN is strong today? Because .....

    I think the first reason you listed is the single most wonderful news for Chinese developer stocks. Chinese developer sector in mainland performed very well. I suspect the news will have a long-term impact on developer stocks though. Last month, the cooling of the RE price is caused by the government threat. When Chinese GDP growth rebound in the 4th quarter, the price pressure will start to kick in again. Gee, as a Chinese, I hate to see GDP growth rebound and RE price rebound happen at the same time, but they will.

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    • Then you shouldn't be disappointed GV because I don't see a GDP rebound in the 4th q. Being
      from China?, you would know that China's current leaders are not going to go out without saying
      'we did a wonderful job' 'everything is under control', 'our measures worked and the economy has
      stabalized etc', and if housing prices cool, it's seasonal imo.

      • 1 Reply to shelly_showman
      • @Shelly, seasonal cooling is where I cannot agree with you. Traditionally, September is the top month in terms of housing purchase. So, a modest month over month price movement from August to September does seem to be pretty good news. Also, it is not a surprise though. Many developers already report in early October that the golden September sales were not as good as they thought.

 
XIN
3.17-0.28(-8.12%)May 1 4:07 PMEDT