From "Blood Transfusion" to "Hematopoiesis": The Transformation and Breakthrough Path of Xinda Real Estate's "Dingbai Model"

Ask AI · How can Xinda Real Estate crack the “Dingbai Model” city renewal impasse?

The 2026 Government Work Report has laid out a clear development blueprint for urban renewal in the new era. The report emphasizes advancing urban renewal with high quality, steadily implementing renovation of old urban residential compounds and urban villages, injecting strong momentum and direction guidance into the city’s high-quality transformation.

The Dingbai Village urban renewal project in Xi’an (hereinafter “the Dingbai Project”) is a typical example in the context of urban renewal and the “keep residents’ relocation housing” policy. Although the project sits in a scarce prime location within the urban core, due to complex historical legacy issues, it had been mired in stagnation for a long time after it was launched in 2003.

To respond to the national call of “ensuring delivery of apartments, protecting livelihoods, and maintaining stability,” Xinda Real Estate, in coordination with the group, pioneered the “Dingbai Model” to solve industry difficulties, promoting project delivery and bringing a successful conclusion to the relocation resettlement work for nearly 1,000 households of villagers.

For Xinda Real Estate, this is not only the revival of a single project, but also a strategic breakthrough from “blood transfusion” to “blood generation,” and from “finding a way out” to “establishing a position.” From this, a distinctive new pathway for urban renewal and asset revitalization clearly emerges.

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Tailor-made “Dingbai Model” to crack the impasse

Housing is the foundation of people’s wellbeing, and an important carrier of people’s happy lives.

With the mission and responsibility of a “national team” and its ability to integrate professional resources, Xinda Real Estate tailored the “Dingbai Model” for the project, building a core framework of “equity acquisition + equity investment + primary supervision + secondary cooperative development.” It provides a complete set of comprehensive financial solutions for urban renewal, relocation resettlement protection, and project revitalization. With strong support from local governments, Xinda Real Estate fully leverages the group’s coordination advantages, provides professional supervision services and management empowerment, and ensures that the project restructuring and relief efforts move forward.

After concerted efforts by multiple parties over nearly two years, in October 2023, the project’s primary-phase urban renewal portion was completed as scheduled. 825 households and 2,394 villagers successfully returned to their homes, which is of great significance for promoting urban renewal in Xi’an’s core area and enhancing the region’s overall image.

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From “cracking the impasse” to “establishing momentum”

The successful landing of the Dingbai Project is not only the revitalization of a single project, but also a critical turning point for Xinda Real Estate to gain early momentum in the Xi’an market.

In December 2023, Xinda Real Estate’s city strategy summit under the theme “We Will Build Together, We Will Share the Future” was held in Xi’an. The secondary development portion of the Dingbai Project—“Xinda Yanxi Yunzhu”—and the secondary development portion of the Wen Guobao Project—“Xinda Lingxi Tai”—were officially unveiled. From resolving difficult issues to achieving project delivery, Xinda Real Estate’s brand image became deeply rooted in people’s hearts.

In 2024, the company’s start in Xi’an was a success. According to data from CRIC, Xinda Real Estate’s full-year sales reached RMB 4.29B, ranking 13th in the city; the sales area was 246.7k sq.m., ranking 10th. Especially impressive is that the “Xinda Yanxi Yunzhu” project achieved “seven launches, seven wins.” From the initial sales driven by lottery at the beginning of 2024, which sold RMB 876 million in the first offering, to cumulative sales reaching RMB 4.8 billion, it topped second place among single projects and first place among demand-driven projects in Xi’an for 2024. With hard-core strength it established a firm market position, and also laid a solid foundation for Xinda Real Estate’s deep cultivation in Xi’an.

During the construction process, the project team listened to owners’ feedback, optimized detailed方案, and achieved high-quality early delivery, with a visit-and-delivery completion rate of 96%. In addition, the project is also equipped with high-quality education resources such as the affiliated primary school and kindergarten of Shaanxi Normal University. With strong market performance, fulfillment capability, and social contributions, Xinda Real Estate was awarded the title “Xi’an 2024 Real Estate Development Integrity Enterprise.”

At the same time, through in-depth cooperation with local strong private enterprises, Xinda Real Estate integrates the resources of private enterprises with the advantages of central state-owned enterprises. It establishes a positive communication mechanism with governments at all levels in the locality and with project resource parties. This point-to-surface approach to cracking the impasse lays a solid foundation for the subsequent landing of projects.

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Implementation of “Dingbai Model 2.0”

Built on the successful wrap-up of the Dingbai Project, Xinda Real Estate has established deep mutual trust with local strong private enterprises. Riding on the momentum, it advances the landing of projects such as Gangjiazhai and Zaoyuan, and coordinates with social capital to achieve an iteration upgrade of the “Dingbai Model” to version 2.0. This model aligns with the company’s three core business directions: “investing in distressed real estate without moving,” “light-asset services,” and “resolving risks in existing inventory.” It creates an innovative replicable successful case.

Among them, the Zaoyuan Project is located in the Longshouyuan area within the second ring road in Xi’an’s main urban core, with convenient transportation. However, due to the interweaving and stacking of multiple factors, the relocation returns of about 2,000 households were delayed. In response, Xinda Real Estate took the initiative to coordinate with the group to design a package revitalization方案. By deeply integrating professional capabilities in debt restructuring and risk resolution with experience in real estate development and operational management, it formed a “finance + real estate” dual-wheel drive, injecting new momentum into the project.

At present, the project has been officially signed and delivered. The project name is “Xinda Jinhua Song,” and the project has been launched recently. In terms of project construction, Xinda Real Estate actively responds to the national call to build “good housing,” aiming to meet people’s needs to improve their living quality and to enhance residents’ sense of happiness and sense of gain.

As the company’s first generation-four housing project in Xi’an, Xinda Jinhua Song is equipped with leisure facilities such as a swimming pool, gym, and children’s activity areas. It connects the sunken landscape courtyard with the external park to create an ecological landscape. Multiple floorplan options are also equipped with north-south dual balconies, precisely practicing the green and comfortable理念 of “good housing.”

“Dingbai Model 2.0” not only revitalized the stalled Zaoyuan Project, but also activated the local Xi’an market. In 2025, Xinda Real Estate experienced an all-round surge, with both sales amount and sales area rising to 7th place in Xi’an’s market. Currently, the company has already formed a development pattern in Xi’an featuring five projects operating in a linked manner, encircling Chang’an. It has achieved breakthrough progress in the fields of inventory revitalization and urban renewal restructuring and relief.

At present, our country is in a critical stage of accelerating the building of a new model for real estate development and promoting the high-quality development of the real estate sector. Xinda Real Estate will firmly and unswervingly press ahead with reform initiatives and transformation-driven development, focus on its main responsibilities and core businesses, and adhere to its strategic positioning as an integrated provider of real estate resource with distinctive professional strengths. In areas such as preventing and resolving major risks, advancing urban renewal, and helping the real estate sector transition and upgrade, it will continue to provide more valuable “Xinda solutions” and contribute stronger “Xinda strength.”

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Duty editor: Su Zhiyong

**Process editor: Wen Hongmei **