Jul. 5, 2011 (China Knowledge) - China Vanke Co Ltd<000002
>, the country's largest publicly traded residential property developer, has posted RMB 13.2-billion contracted sales for June this year, 51% more than the same period of last year, sources reported.
In June, the real estate developer sold around 1.13 million square meters of properties, 32% more than a year earlier.
During the first six months of this year, the company's contracted sales surged 78.6% year on year to RMB 65.65 billion, and its contracted sales area soared 76.7% year on year to 5.66 million square meters.
No comment was given on the performance data in the first half of this year.
company added four development projects in June, whose land costs totaled RMB 1.76 billion. In addition, the company will invest RMB 522 million in a redevelopment project in Shenzhen
The company's property sales jumped 70.5% year on year to RMB 108.16 billion in 2010, and its sales area grew 35.3% year on year to 8.98 million square meters in the year.