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Xinyuan Real Estate Co., Ltd. Message Board

  • brianchesnutt brianchesnutt Apr 24, 2014 9:44 AM Flag

    New Land Purchase

    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.

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