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China Vanke's April sales more than doubles YOY

China Vanke Co.Ltd.'s contracted sales more than doubled in April on a year-over-yearbasis, amounting to 35.65 billion Chinese yuan from around 17.76 billion yuan.

April sales represented 2,642,000 square meters of sales area.Between January and April, the company posted 110.89 billion yuan of accumulatedsales by selling 8,099,000 square meters of space.

Since the company's sales update in March, the company acquired four new projects in China. Thecompany acquired 100% equity interests in each of the Fuchun Park West Road Projectin Hangzhou, the West Lake No. 1 Project in Changchun and the Land Lot G of WulongMountain project in Xindu, Chengdu, for a combined 938 million yuan.

Meanwhile, the company said it acquired a 20% interest in the11,000-square-meter commercial component of the Huakai Project in Jinan for about14 million yuan. It also bought an 80% interest in the roughly 20,000-square-meterresidential part of the project for about 158 million yuan.

As of May 4, US$1 was equivalentto 6.50 Chinese yuan.