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Xinyuan Real Estate Co., Ltd. Message Board

  • chinamannyc2003 chinamannyc2003 Feb 9, 2013 8:53 AM Flag

    What I have found on XIN

    Through several links in Chinese language (I have instructed non chinese speaking person how to check those out for themselves), I have come across reports where Xin apartment buyers are very upset with their purchases, in a development by xin, called building 1 and building 2,

    Specifically, the issues are:

    1. pipes are not hidden behinds walls, but are hanging outside the walls, in the bedrooms. Apparently, buyers were not told about this.

    2. the kitchens are 3 feet by 3 feet and the natural gas piping were installed in a way that is dysfunctional.

    3. issues with school district not clear

    4. common areas problems.

    5. buildings are built too close to each other.

    There have been on going demonstrations. In one setting, 40-50 buyers got together and local media has been following the progress. One Xin executive has come out and acknowledged that those accusations were not untrue and the current problem is that both sides cannot reach a resolution.

    I came to this thread after seeing Xin taking a rise couple days ago. I have no shares. I can read chinese and therefore did some research.

    With what i have found, do whatever you want.

    Good luck.

 
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