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China's Xinyuan aims lower amid Manhattan's glut in high-end homes

Published Mon, Jan 25, 2016 · 09:50 PM
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New York

CHINESE developer Xinyuan Real Estate Co is forging ahead with plans for a condominium property on Manhattan's far west side, even as the company's New York-based executive vice-president sees signs of a glut in the luxury-home market.

Xinyuan is distancing itself from the plethora of skyscrapers aimed at ultra-wealthy investors by designing its first project in Manhattan to appeal to dual-income families and other upper-middle-class buyers, both American and Ch…

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