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China Vanke records YOY increase in December 2018 contracted sales

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China Vanke records YOY increase in December 2018 contracted sales

China Vanke Co. Ltd. logged 63.01 billion yuan in contracted sales in December 2018, up from the 62.23 billion yuan recorded a year earlier.

The current sales figure covers 4,387,000 square meters of sales area.

For the full-year 2018, the real estate developer accumulated 40,377,000 square meters of sales area, with a sales amount of 606.95 billion yuan.

Since its sales update for Novermber 2018, the property developer acquired various interests in 22 projects across China for a land premium of 18.11 billion yuan. The company also purchased 10 new logistics projects in the country, with a to-be-settled amount of 1.18 billion yuan.

As of Jan. 3, US$1 was equivalent to 6.87 yuan.