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China Vanke reports March sales, acquisitions

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China Vanke reports March sales, acquisitions

China VankeCo. Ltd. recorded 33.61 billion Chinese yuan in contracted salesfor 2,398,000 square meters of space in March.

According to an April 5 filing, the company also acquired 16new property projects since its Februarysales update.

The newly acquired projects are located across China andspan a total site area of approximately 1,183,000 square meters. The companypaid a land premium of about 10.84 billion yuan for varying equity interests inthe 16 projects.

As of April 5, US$1was equivalent to 6.47 Chinese yuan.