XIN Stock Price: Over 25% Increase Pre-Market Explanation

By Amit Chowdhry ● Jun 10, 2021
  • The stock price of Xinyuan Real Estate Co., Ltd. (NYSE: XIN) increased by over 25% pre-market. This is why it happened.

The stock price of Xinyuan Real Estate Co., Ltd. (NYSE: XIN) – a real estate developer and property manager operating primarily in China and also in other countries – increased by over 25% pre-market. Investors appear to be responding positively to the company announcing its completion of 5 newly constructed properties, including Zhengzhou International New City III, Jinan Royal Spring Palace, Chengdu Xinyuan City, Zhengzhou Fancy City II, and Tianjin Spring Royal Palace.

Zhengzhou International New City III is located in the downtown city highlands – within the south 3rd Ring Road in Zhengzhou – and benefits from all conveniences and luxuries of a bustling city. And property amenities include a courtyard and top-quality property management services.

Jinan Royal Spring Palace is located in Zhangqiu city center and it is surrounded by Baimai Springs, Yanming Springs, various parks, and in close proximity to Mingshui Ancient City. The project is located near the West Shiji Road, Fu’An Road, and Mingtang Street. And as one of the most sought-over residential areas of Jinan, the Royal Spring Palace is close by Zhangqiu Railway Station, public bus lines 3 and 11, and in the vicinity of various medical, commercial, and education facilities, allowing a convenient and quality lifestyle.

Chengdu Xinyuan City is located in Shu Du New Town in the Pi Du District in Chengdu. And the location is surrounded by natural resources and is 800 meters from Xinyuan City, which offers various commercial facilities, including shopping malls, restaurants, etc.

Zhengzhou Fancy City II is located 2 kilometers east of the Songshan South Road and south 3rd Ring Road intersection at the center of the Erqi Ecological New City, a high-end ecological and cultural new city. The place offers convenient transportation and a quality lifestyle with access to subway lines 7 and 9, and within close proximity to various educational and commercial facilities.

Tianjin Spring Royal Palace is located in Wuqing District of Tianjin, close to Beijing-Tianjin intercity railway and the six expressways of Beijing-Tianjin-Tanggu, Beijing-Tianjin, Beijing-Shanghai, Tianjin-Baoding, Tianjin-Ji Xian, and Binbao. And this location enables convenient transportation amongst the urban Beijing-Tianjin-Hebei areas.

Upon the delivery of each project, Xinyuan staff conducted multiple exercises to ensure an optimal delivery procedure. And Xinyuan also provided industry-qualified inspectors on handover days to facilitate clients in repossession operations.

KEY QUOTE:

“We are thrilled to have completed five high-quality accommodations. These projects further exemplify our commitment to construction excellence and the Company’s dedication to meeting and exceeding client demands. Providing comfortable and convenient real estate related products and services to middle-class consumers will continue to be our top priority.”

– Zhang Yong, Chairman of Xinyuan Group

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.