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Xinyuan Real Estate Co., Ltd. Message Board

  • shelly_showman shelly_showman Mar 12, 2014 10:43 PM Flag

    Remember this Gurnee Fable? Let's review from a year ago

    "Frank Schuh - Renault Adventures - Analyst
    Yes because the marketing that I have seen so far again coming back to the marketing as far as I can tell has been focused on mostly Chinese
    citizens who want to have second home abroad in US?
    Thomas Gurnee - Xinyuan Real Estate Co., Ltd - CFO
    How wrong you are.
    Frank Schuh - Renault Adventures - Analyst
    How wrong I am, okay.
    Thomas Gurnee - Xinyuan Real Estate Co., Ltd - CFO
    How wrong you are. Because really they are marketed to America. And as I said earlier, we hope to benefit from incremental revenue from Chinese"

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • WSJ article a few weeks after the Williamsburg property purchase...with more depth to "incremental revenue from Chinese".....of course the infamous Omer Ozden is quoted.

      **** Xinyuan Real Estate Co. XIN +0.41% purchased a site last month in Williamsburg, in the New York City borough of Brooklyn, for its first development in the U.S., a 216-unit condominium building. The company also is scouting for other U.S. projects, planning to sell about 40% of the units it builds to Chinese investors.

      Chinese developers of apartment buildings have an edge over U.S. developers when it comes to reaching potential buyers in China, says Omer Ozden, an adviser to Xinyuan and other Chinese investors in the market for U.S. real estate. “If right out of the gate you can get 40% the building sold to mainland Chinese, it’s going to be a successful project.” ******

    • Just as long as you remember you are a DF.

      Between the time Gurnee spoke about their initial marketing plan with the original building plans and foundation....XIN changed the plans/foundation to go from "incremental" sales to Chinese to possibly 40% or more sales to Chinese. When conditions change....XIN shows the flexibility to change along with the times.

      Why the continual Babbling Bovine Scat? Is your IQ below 60?

      • 1 Reply to star_hominid
      • ooooooooooh now we're down to 60, maybe you can get to braindead soon enough. Wrong again Stinky, it was always the 'plan'. Remember I posted this as well.
        "The following is from a WSJ article quoting Omer in November 2012
        "Chinese developers of apartment buildings have an edge over U.S. developers when it comes to reaching potential buyers in China, says Omer Ozden, an adviser to Xinyuan and other Chinese investors in the market for U.S. real estate. “If right out of the gate you can get 40% the building sold to mainland Chinese, it’s going to be a successful project.”

 
XIN
2.60+0.13(+5.26%)Nov 21 4:05 PMEST

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