This land parcel is located 17 kilometers west of Shanghai's Hongqiao Airport in the scenic Qingpu District. A subway line passing through the area is under construction and is projected to open in early 2017. The land parcel offers a site area of approximately 28,600 square meters. Xinyuan paid a total of RMB914 million (approximately US$146.5 million) for the land use rights.
Still wish they'd just buy back shares..... No idea how to value this deal, but they seem to be making out well on everything else... will just take forever to be reflected in the stock price.
Market doesn't seem to care so far. This is a purchase for almost half the company market cap and barely a ripple. Sign to me that it's not bad or good, people just don't know how to evaluate this stuff, and it's too costly for institutions to make good valuie assessments.
Hoping that the CC, the new Website, and PR surrounding 421/429 will generate some interest.
You got to wonder about these current land purchases and the price. According to the China development news, why would you be paying at the highest range when property development sales
are dropping? Xin is paying about 3x more than they have on earlier properties. Not living in China I have no idea.