Event Profile
- NASDAQ Closing Bell
- July 11, 2008
- China Housing and Land Development, Inc.
- Download Hi-Res Photo
About China Housing and Land Development, Inc.:
China Housing & Land Development is the first and only Chinese real estate development company traded on NASDAQ.
Based in Xi'an, the capital city of China's Shaanxi province and home of the world-famous Terracotta Army, China Housing & Land Development, Inc. is a leading developer of residential and commercial properties in northwest China. China Housing has been engaged in land acquisition, development, and management, including the sales of residential and commercial real estate properties through its wholly-owned subsidiary in China, since 1992.
By leveraging its strong relationships with China's local state authorities, China Housing & Land Development has been able to capitalize on the supply of available land and develop residential and commercial properties, further increase China Housing's brand recognition, and outperform its competitors in medium size residential and commercial real estate developments in greater Xi'an.
As largest residential real estate developer in Xi'an, China Housing & Land Development has steadily improved its competitive position in northwest China.
The company's high growth, profitability, and attractiveness have created a market capitalization of $140 million.
Additional company highlights include:
1) A proven record of successful real estate development projects in greater Xi'an.
2) A strong brand recognition in Xi'an that gives China Housing additional opportunities to access high quality land locations at attractive rates.
3) Better local connections and market understanding than have the larger developers based in Beijing or Shanghai.
4) The company's 487 acre Baqiao project that has the potential to generate several hundred million dollars in revenues and an attractive internal rate of return over the next five years. The project is expected to be completed in 2017.
5) In its real estate development market, the company benefits from China's favorable national development policies, including the Go West policy, and from China's high-growth economy.
