ecns [expanded by feedex.net]: Vanke sales soar 33 pct year-on-year

ecns [expanded by feedex.net]

ecns

Vanke sales soar 33 pct year-on-year
http://www.ecns.cn/business/2013/10-09/83534.shtml
Oct 9th 2013, 07:38



2013-10-09 16:38 chinadaily.com.cn Web Editor: qindexing


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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