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Vanke's property sale up 32.5% in Oct

Nov. 6, 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 32.5% YoY to RMB 13.7 billion in October this year.

The developer said in a statement that it sold 1.27 million square meters of properties in October, 26.79% more than in the corresponding period of 2011.

In the first ten months of this year, the company's property sales amounted to RMB 110.02 billion, and sold area reached 10.35 million sq m, up 2.4% and 9.95% from a year earlier.

China Vanke said earlier that its operation revenue grow 57.39% YoY to RMB 46.13 billion in the first nine months of this year, while its net profit for the period grew 41.74% YoY to RMB 5.08 billion, China Knowledge reported earlier.

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