Xinyuan Real Estate Co., Ltd. Announces New Land Acquisition

         Xinyuan Real Estate Co., Ltd. Announces New Land Acquisition

PR Newswire

BEIJING, March 12, 2014

BEIJING, March 12, 2014 /PRNewswire/-- Xinyuan Real Estate Co., Ltd.
("Xinyuan" or "the Company") (NYSE: XIN), a residential real estate developer
with a focus on high growth cities in China, today announced that it has
acquired a land parcel in Changsha City, Hunan Province.

This land parcel is located in a newly planned Central Business District area
in the west of Changsha City, the capital city of central China's Hunan
Province. A subway line passing through the area is under construction and
will be open in October this year. The land parcel offers a site area of
approximately 89,460 square meters. Xinyuan paid a total of RMB688.9 million
(approximately US$112.2 million) for the land use rights. The Company plans to
develop high rise residential apartments, low-density residential
apartments/condos, as well as commercial property on this land parcel for a
total estimated gross floor area of approximately 268,381 square meters with
an average estimated floor price of approximately RMB2,567 per square meter.

Mr. Yong Zhang, Chairman of Xinyuan, commented, "We have been studying the
Changsha market for a long time and are excited to enter this fast growing
capital city in central China with strong consumption power and healthy supply
demand balance in the local real estate market. Entering the Changsha market
fits our strategy of focusing on high growth second tier cities and our
business model of fast asset turnover. This newly acquired land parcel is well
situated in a developing area and we believe it represents a promising start
for our first project in Changsha."

About Xinyuan Real Estate Co., Ltd.

Xinyuan Real Estate Co., Ltd. ("Xinyuan") (NYSE: XIN) is a developer of large
scale, high quality residential real estate projects aimed at providing
middle-income consumers with a comfortable and convenient community lifestyle.
In China, Xinyuan primarily focuses its development projects in Tier II
cities, Zhengzhou, Ji'nan, Suzhou, Kunshan, Xuzhou, Chengdu and Hefei. The
Company's U.S. development arm, XIN Development Group International, Inc., is
a pioneer amongst Chinese real estate residential developers, entering the US
market in 2012. Xinyuan is the first real estate developer from China to be
listed on the New York Stock Exchange. For more information, please visit
http://en.xyre.com/ir.html.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are
made under the ''safe harbor'' provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates," "confident" and similar
statements. Statements that are not historical facts, including statements
concerning our beliefs, forecasts, estimates and expectations, are
forward-looking statements. Forward-looking statements involve inherent risks
and uncertainties that could cause actual results to differ materially from
those projected or anticipated, including, but not limited to, the risk that:
our financing costs are subject to changes in interest rates; our results of
operations may fluctuate from period to period; the recognition of our real
estate revenue and costs relies on our estimation of total project sales value
and costs; we may be unable to acquire desired development sales at
commercially reasonable costs; increases in the price of raw materials may
increase our cost of sales and reduce our earnings; we are heavily dependent
on the performance of the residential property market in China, which is at a
relatively early development stage; PRC economic, political and social
conditions as well as government policies can affect our business; the market
price of our ADSs may be volatile, and other risks outlined in our public
filings with the Securities and Exchange Commission, including our annual
report on Form 20-F for the year ended December 31, 2012. Except as required
by law, we undertake no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information, future
events or otherwise, after the date on which the statements are made or to
reflect the occurrence of unanticipated events.

For more information, please contact:

Xinyuan Real Estate Co., Ltd.

Ms. Helen Zhang
Interim CFO
Tel: +86 (10) 8588-9398
Email: irmanager@xyre.com

ICR, LLC

William Zima
In U.S.: +1 646-308-1472
In China: +86 (10) 6583-7511
Email: william.zima@icrinc.com

SOURCE Xinyuan Real Estate Co., Ltd.

Website: http://en.xyre.com/ir.html
 
Press spacebar to pause and continue. Press esc to stop.