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Vanke's property sale up 8.3% in Aug

Sep. 5, 2012 (China Knowledge) - China Vanke Co Ltd<000002><200002>, the country's largest listed residential property developer by market value, said yesterday that its property sales increased 8.3% YoY to RMB 11.35 billion in August this year.

The developer said in a statement that it sold 1.04 million square meters of properties in August, 8.75% more than in the corresponding period of 2011.

In the first eight months of this year, the company's property sales amounted to RMB 84.28 billion, and its sold area reached 8.03 million sq m.

China Vanke said earlier that its net profit grew 25.1% YoY to RMB 3.73 billion in the first half of this year.

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