SouFun recently reported on property sales in Zhengzhou in the month of February, and several Xinyuan projects were listed in the top 50.
Here is a link to the article. Using Google Translate, we think we have been able to ascertain the number of sales, area, turnover, and average sale price for four of XIN's projects in Zhengzhou in February.
In 5th place was Zhengzhou Yipinxiangshan, with 120 sales covering an area of 11,668 square meters. The turnover was RMB¥85,751,974. In $USD this is $13,576,942. Average sale price (per square meter) in this project was RMB¥7,348.90.
In 10th place was Zhengzhou Modern City with 83 sales covering an area of 7,651.15 square meters. The turnover for this project was RMB¥84,424,299. In $USD this is $13,364,367. Average sale price (per square meter) in this project was RMB¥11,034.20.
In 28th place was Zhengzhou Century East B with 37 sales covering an area of 3,472.23 square meters. The turnover for this project was RMB¥27,029,894. In $USD this is $4,278,832. Average sale price (per square meter) in this project was RMB¥7,784.59.
Finally, in 40th place was Zhengzhou Royal Palace with 24 sales covering an area of 3,629.3 square meters. The turnover for this project was RMB¥57,589,177. In $USD this is $9,116,367. Average sale price (per square meter) in this project was RMB¥15,867.85.
In total, XIN appears to have done approximately $40m ($USD) in contract sales in Zhengzhou in February. In XIN's Q1 2012 projection, they expected contract sales in the range of US$105 to US$115 million. Since about 2/3 of XIN's revenue comes from Zhengzhou (61% in Q4), they appear to be on their way to a strong quarter.
However, caution must be urged when relying on the SouFun data. For one, we are relying on machine translations of the article. It's possible that we are missing some crucial information, for example it's possible that the sales reported are for January and February, rather than just for February.
It's also possible that we don't fully understand what the numbers represent. If anyone understands Chinese and can confirm these figures and the import of the article, that would be great. Regardless, it is interesting to see sales figures reported in real time from Zhengzhou, which is where a substantial amount of XIN's projects are located.
Disclosure: Long $XIN