Vanke sales soar 33% year-on-year
Updated: 2013-10-09 15:54
By WANG YING in Shanghai (chinadaily.com.cn)
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The nation's largest real estate developer China Vanke Co Ltd has reported a surge in revenue of 33 percent year-on-year to 128.5 billion yuan ($21 billion) in the first nine months this year.
The Shenzhen-listed property giant sold 1.31 million square meters of gross floor space in September, and generated 15.57 billion yuan in revenue. From January to September, a total of 10.99 million sq m of residential space reached deal nationwide, according to a statement filed to the Shenzhen Stock Exchange on Wednesday.
In addition to the residential sales spree, Vanke snatched 11 land plots across the nation recently, with a total value exceeding 16 billion yuan.
One of the plots located in Shenzhen will be developed into office space. According to a Reuters report, this is seen as a signal that Vanke is strengthening its commercial property development capabilities.
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