xi's moments

Real estate developer Vanke posts steady sales growth in 2018

Xinhua | Updated: 2019-01-04 14:58

The company saw total property sales on contracts reach 606.95 billion yuan ($88.3 billion) last year, with a combined area of 40.38 million square meters sold. [Photo/IC]

BEIJING - China's leading real estate developer China Vanke reported steady sales growth in 2018, according to a company statement filed to the Shenzhen Stock Exchange Friday.

The company saw total property sales on contracts reach 606.95 billion yuan ($88.3 billion) last year, with a combined area of 40.38 million square meters sold, the statement said.

The value of sales was up 14.5 percent from 529.88 billion yuan in 2017, while the area of properties sold was up 12.3 percent.

In December alone, sales in terms of area stood at 4.39 million square meters, while sales in value were 63 billion yuan.

China's real estate sector maintained stable development last year, with property sales growing 12.1 percent year-on-year to 12.95 trillion yuan in the first 11 months of 2018, down 0.4 percentage points from a year earlier.

BACK TO THE TOP
Copyright 1995 - 2018 . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349