per vanke article - XIN has the right diversification strategy
- XIN new just won in China -- has sizable commercial component. Brooklyn New York project is beginning of foreign diversification (actually had nominal Las Vegas and California as well)
The group once again topped sales rankings in the real-estate industry last year, with revenues of 170.9 billion yuan (HK$208.5 billion), followed by Greenland Group, Dalian Wanda Group, Poly Real Estate, China Overseas Land and Investment, Country Garden, and Evergrande Real Estate - all of whom achieved sales of above 100 billion yuan.
But the analysts say the focus of the competition among the big players in the sector should be on profitability and diversification strategies, including decisions on switching attention from residential to commercial property development, or from the domestic to foreign markets.
I know the number of XIN properties, but I never looked into them that close. I was thinking all residential _ do you know how many are commercial? _ also I know of the Reno prop but there is a Vegas one too?? thnx
XIN's commercial web site is xy-123. Their first Mall opened about 6 months ago. Many of XIN's projects have some commercial space usually sold late in a project's life which is reflected in higher profits towards the end of a project. XIN's newer projects are more mixed commercial/residential.