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Xinyuan Real Estate Co., Ltd. Message Board

  • djhmk2 djhmk2 Mar 9, 2013 3:18 PM Flag

    Is XIN the only real estate company in China that makes tons of money ?

    Or is it more likely they are the best frauds in China ? If the profits sound too good to be true........

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • omeg4 Mar 9, 2013 5:22 PM Flag

      Country Garden Developers is run by what has now become the richest woman in asia. Apparently they're so good at fraud that they fooled Forbes.

      Not to mention, all those cities are made of cardboard. They're very good at making realistic cutouts.

    • Vanke is a very good fraud also....check them out.....

      China Vanke Co.---- 000002.SZ .....China's largest property developer, reported a 30.4% rise in net profit in 2012....
      The company, which is often seen as a housing-market bellwether....had net profit for the 12 months ended Dec. 31 at 12.55 billion yuan ($2.01 billion) up from 9.62 billion yuan a year earlier.

      • 1 Reply to star_hominid
      • Number 2 fraud Poly seems to be doing good in China this year......

        Poly Real Estate Group Co------- (SHA: 600048), China's second largest property developer , said it sold 911,800 m2 in floor space with a contract value of Yuan8.44 billion in February 2013, up 141.3% and
        133.3% respectively from a year earlier. Jan and Feb 2013 combined, it sold 1.77 million m2 valued at Yuan18.72 billion, surging 251.2% and 265% respectively from a year earlier.

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