I believe XIN plans to do more projects outside China, this includes other possible projects in the USA, but I think they will be careful and they may want to wait a little longer to see Williamsburg further along...I don't believe XIN gets cash from the Williamsburg project until 2016.
XIN has been looking at projects in a number of countries....besides the countries you mentioned, they are looking at projects in Korea, Greece, Czech Republic, France, etc.
A director of XIN stated in early Spring that they were having problems finding property in the USA that made their investing criteria. You might want to sell if USA projects were your main object in an investment in XIN.
· Xin Yuan Ying Yang Cheng West held a groundbreaking ceremony masters two projects
At 10:18 on September 1, 2014, Ying Yang Cheng West. Xin Yuan masters officially started two projects and held a groundbreaking ceremony. Ying Yang Xinyuan Real Estate Co., Ltd. company full, the total package to build a bureau and supervision units Zhejiang seeking cooperation and other related units on behalf of more than eighty people attended the ceremony.
Ying Yang Xin Yuan, director of engineering, turnkey construction of a bureau in charge of the project who were delivered a warm speech, expressing the blessings of the smooth construction of the project, expressed sincere cooperation Participation by all parties, in accordance with established building construction of high-quality composite nodes Habitat determination communities. Finally, the sound of firecrackers, Wang Zhigang, general manager of the company announced the Ying Yang Ying Yang Cheng West. Xin Yuan masters two projects started.
Zheng Xin Yuan West · Famous Xingyang company for two projects under the follow-up work laid the foundation for the smooth development.
September 1, 2014, Xin Yuan · Century East Xiyuan project started delivery.
In the Group's strong support, with lower property company, general manager Zhu Zhenwei unified deployment, deputy Houguang Jun, Feng Nan line with class, repeatedly careful rehearsals, and maintain seamless connection with the surrounding administrative departments to ensure a smooth delivery.
The first day of the delivery of various departments, marketing, engineering, design, cost, infrastructure, financial, administrative and other related personnel in the field office, full cooperation. Targeted delivery of field staff, solidarity, information check, financial audits, inspection room, key distribution, logistics, emergency treatment, and other team staff to deliver their duties, their duties, the heart of the owner, delivered on-site flow smoothly and orderly.
Xin Yuan · Century East Xinyuan project plans to deliver 765 units, as of September 1, the actual delivery of 181 units, delivery ratio of 23.9% complete.
It's good news....just like the gain in the Yuan the last 4 months is good news. Slower investment leads to lower construction costs and fewer units entering the market. Real estate investment may still be too high to have a rate cut, however.
------ National Bureau of Statistics data showed real estate investment rose 13.2% year on year in the first eight months of 2014 to 5.9 trillion yuan (US$959.44 billion)------
With inflation at 2% YOY in August, interest rate cuts could happen.....but most economists expect Premier Li to take a wait-and-see attitude for several months and not stimulate prematurely like China has done in the past.
XIN can not buy back in either the last 10 minutes or the last 1/2 hour....depending on if the market value of the float is less than $150M or more than $150M. Beyond that....if I were running the buyback.....I would try to make sure the end of day was weak.
I use 1.2 times book value or a P/E of 8 on past peak earnings as what another company might pay for XIN's assets.
XIN must do a number of things in the next several years for market value to get anywhere near this value. XIN is in a massive growth phase.....all their projects need to be reasonably profitable ones in the future. XIN must also diversify out of China....Williamsburg is a great start but more overseas projects are needed.
XIN's August Beijing residential sale from Shanghai Hotline Finance article-------
---------SouFun data monitoring center, last month Xin Yuan Xin Du sinks, Kun Yufu, Hopson Global Village, Yizhuang Jinmao Yue and other 13 projects opened achieved selling. Xin Yuan Xin sequestration projects are opened only one hour, with sales exceeding 300 million yuan-------
Also from the same article with a somewhat readable translation--------
----------According to RET Rui Yide China Commercial Real Estate Research Center data show that this year, Beijing retail transaction price fluctuating upward trend. Among them, the July average turnover of Beijing reached 23,350 yuan shop / square meter, an increase of 15.7%. August, the rally remains the same, the average transaction price of 28,026 yuan / square meter, an increase of 20%.-----------
One of the three "problem" projects in Q2. Was confirmed today that XIN sold 300M Yuan in apartments in one hour in August. This article indicates that Beijing commercial space is hot again. Not sure if this means XIN sold 700M Yuan of their commercial space? But 71,000 yuan/sq meter is good.
-------- Suburbs shops volume and price soared--------
...............Retail price is around the residential suburb of the price of 2 times or more, there is no concern over retail investment let Lin Jing surprised before. In fact, some Beijing suburbs price shops have continued to soar, some of the projects the price of second-hand shops and even catch up with the price of the core business district of the city. Biomedical Daxing District near the base · Xin Xin Yuan are sinks for example, a better position in the sale of 98 square meters of shops, the total price of 700 million yuan, the average price of 71,400 yuan / square meter; upper and lower levels of shops, amounting to more than ten million yuan in; Even the cheapest two-story shops, the average price of more than 40,000 yuan / square meter. And in the same area, such a high price is not alone.............
XIN is far smaller and less diversified than 000002:CN ...... which XIN is in the process of rectifying.
XIN trades in the USA where "investors" know nothing about Chinese real estate and not in China where investors know just slightly more about real estate.
XIN is in the process of expanding rapidly.....which puts pressure on "earnings".
XIN is buying back their stock which gives them no incentive to promote the company.