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Chinese Developer Xinyuan and Kuafu Properties Form Joint Venture

The joint venture, called Xin Fu Development, will strengthen Xinyuan's foothold in New York City.

By Betsy Kim | Updated on December 18, 2017

The Oosten at 429 Kent Ave., in Williamsburg, Brooklyn

NEW YORK CITY—Xinyuan Real Estate Co., Ltd., the first real estate developer from China to be listed in the New York Stock Exchange, has formed a joint venture with Kaufu Properties, based in New York. Kuafu was established to bridge Chinese and other Asian investors to the real estate market in the United States. The joint venture, called Xin Fu Development, is majority owned by Xinyuan’s US unit. The joint venture will bolster Xinyuan’s operations in New York, providing construction management and marketing support.

Currently, Xinyuan has three projects in New York City:

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