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Vanke's property sale up 106.6% in Nov

Dec. 5, 2012 (China Knowledge) - China Vanke Co Ltd<000002><200002>, the country's largest listed residential property developer by market value, has said its property sales increased 106.6% YoY to RMB 17.13 billion in November this year.

The developer said in a statement that it sold 1.44 million square meters of properties last month, 94.6% more than in the corresponding period of 2011.

In the first eleven months of this year, the company's property sales amounted to RMB 127.15 billion, up 9.88% YoY, and sold area for the eleven-month period reached 11.79 million sq m, more than 10.15 million sq m it realized in the first eleven month of 2011.

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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