Wondering if folks think the rise we're seeing in Chinese real estate is a flash in the pan or a right sizing of the market.
EJ with IPO news - pops. And premarket says higher. Seeing more US properties for Chinese nationals - eg New York - Vanke & XIN just opened their's yesterday (with SFUN partnership). Land auctions in China still competitive with multiple bidders. News today on exports down in Feb = easing of money policy in China - which should be good news for Real Estate.....
Launched the first phase of 48 units, from $ 740,000; Meanwhile, the purchase of the items can also enjoy the 15-year property tax exemption policy.
New York • East Bend the day of launch 48 suites source, the intention of the buyers of more than 70 groups. According to statistics, the scene of the day 40% of the buyers come from Beijing, 60 percent of buyers from other cities came mainly from Shanghai, Hebei, Guangdong and other places, as evidenced by the popularity of the project.
SouFun Holdings Chairman Mr. Mo Tianquan speech
SouFun Holdings Chairman Mr. Mo Tianquan said that as rising domestic prices, the purchase of the policy remained tight, overseas real estate markets, especially the United States and other countries, such as the recovery of a rebound in the housing market factors that promote Chinese people overseas buyers market gradually higher. SouFun monitoring data show that Chinese people overseas buy preferred country is the United States; addition, the people of New York in the United States to buy the most popular city rankings ranked second. And the opening of the bend in the river just east of New York & New York. New York real estate market appreciation potential, very worthy of investor attention.
Thanks for the research... I'm going to post the statement from the SouFun chair from the signing ceremony. Exciting that the partnership with SouFun is now official!
From a tech perspective -- the upward momentum of the price crossing over the 50 day average seemed real. At about 2 in the afternoon, a 60K bid showed up -- at the exact price of the 50 day average, once the stock went above on price. On Mon/Tues/Wed -- another such event (5 day crossing the 20 day going up) has a high liklihood of occurring, which could therefore trigger more algorithmic buying.
short covering pre-divy makes sense to me if the shorts calculated net value by covering. I suppose it's possible, folks thought the stock would continue down -- then it would have made sense to pay the divvy and get the profit from an anticipated stock drop Clearly, lots of scenarios & none of us know the full answer. Thanks to all for sharing views for consideration.
agree - market jump had nothing to do with Changsha. Personal belief is it's technical, tracking at the low end of the trough from 2012, and the recent lower value for a short time was the bottom test (just as the high levels in the 7.50s were a test of the high that didn't last long)....If true, the stock could move up alot in a short time (eg 20%)...
Declare from the technical perspective - read about cup and handle breakout, wedge breakout or similar -- both have come to a head with XIN. The jump on Friday could be the first of 2 steps of a breakout to a new level (confirmation from a tech perspective -- another jump on volume.) --- the stock will have a tech / algorithm trade push up as the 5 day average price crosses above the 20 day average price (showing sustained upward momemntum). The 5 day crosses the 20 day early this week, as long as average closing prices stays above about $4.79.
if price closes at $5.18 or higher on Monday then 5 crosses 20. If price closes above 4.78 on avg Mon & Tues then 5 crosses 20. This is a really positive momentum for reversal/ All kidding aside - if there are retail shorts out there, consider covering, as the professional shorts likely have already done so. The volatility of this stock combined with where it is from a value perspective (less than 1/2 book) and where it is with option pain (very near the $5 strike price) make it pretty easy for the stock to bounce up or down. It is at the low end of a trough it has stayed in since 2012. GLTA -- stock is likely to fully declare within the next few days. (it may bounce up and down too..)
Another difference between real estate in China & US -- buyers of XIN housing (and Chinese housing in general) use a big downpayment from buyers (as compared to your discussion on US market in 2005-2007 - where there were lots of buyers with no or minimum downpayment).. .
residential with commercial. sizable block. company executing on stated growth strategy to increase size many fold. current book about $11 or $12. Idea of multiplying that is appealing. GLTA.
from xyre dot com - chinese part - top announcement 3-8 -- google translated...
Xin Yuan successfully gains 134 acres of land in ChangshaPublisher: Published :2014-03-08
March 7, Xin Yuan gains success in Changsha, Hunan 134 acres of land. The plot is located in a long samet chihu, construction area of 268,000 square meters, planning products for residential and commercial formats. Changsha plum chihu area is currently the fastest growing regions.
The project is Xin Yuan in annual gains since 2014 opened a third piece of land, but also marks the successful march Hunan Xin Yuan in the Chu Yuan Xin land planted a banner! Xin Yuan will continue to develop a clear strategy, a robust development model, the rapid pace of development in the target cities nationwide Kaijiangtuotu.
tech up. New York starting to engage customers. new land - residential + commercial won -- more projects, more growth -- they are executing as stated in the conference call. Loved the 60K share bid when the stock hit the 50 day avg on the way up..... I think Shelley's purchase is going to show to be quite sage.
yes. $300 million in rev - US dollars, visible from Wallstreet.... XIN will get back toward book, when and how fast... who knows. Just had a pretty awesome buying opportunity though, over the last few days.
Project developers, construction companies and design firms, as well as property management companies are which?
Project developers for the XIN Development International Group, Inc. The company is a wholly owned subsidiary of Xinyuan Real Estate in the United States. Xinyuan Real Estate is China's first Chinese real estate developers, is currently the only company listed on the Main Board of the New York Stock Exchange.
The WASA project design famous American design (called the #$%$ Adams Slavin Associate LLP). They undertake various well-known large-scale projects in New York as a long history of design, such as the Metropolitan Railway Station, Guggenheim Museum, Fifth Avenue luxury apartment buildings.
Property management companies undetermined.
Total construction area and salable area is how much?
The total construction area of 426,000 square feet (40,000 square meters), the salable area of 370,000 square feet (34,000 square meters).
4 layers projects? Storey how much?
Earth layer, the underground layers (garage). Height of 9-12 feet (3-4 meters).
5 How many rooms? Is there a landscape?
A total of 216 rooms, unrivaled views of Manhattan.
6. whether it is equipped with a parking space? A total of how many?
A total of 230 parking spaces underground garage, garage ratio of approximately 1:1.1. The garage property rights as an independent freehold.
7 Item open disk time and submitted to the time ?
The world's pre-sale program began in June 2013. The launch time for the end of 2014.
Submitted to standard accurate?
The five-star fine decoration, fully equipped kitchen bathroom.
Housing and land property rights lives?
10 the item project will be how much?
About 700 U.S. dollars / square foot (about 43,000 yuan / square meter)
Agree-- in terms of total $ chicken feed, but still profitable. Thinking of it more from the PR perspective - given that you can pretty much see the site from Wall Street. And Given that Vanke followed XIN into NY, not the other way around. Anyway, XIN up on decent volume, some international down today... We've crossed back above the 50 day avg..... GLTA
Who knows where this can end today - from purely tech / trading reasons - let alone the announcements next week of the New York projec
that was fast.... now price is sitting at 50 day average price. at 4.81-.83 -- should be a pause / holding point. Fib # 62% from bottom, 38% from top of Jan - Feb high-low (when lots of new shorts were opened) about 4.83 as well.... GLTA. New York project announcement next week is a non-technical potential driver as well.
if you believe in technicals, just hit another Fib # 50%. next stop 4.83 if trend continues....
Any thoughts of impact in traders, short positions, stock price of March 9 opening pre-sales for Brooklyn project in partnership with SFUN?