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China Vanke contracted sales climbs YOY to 38.34B yuan in August

China Vanke Co. Ltd.'s contracted sales in August jumped year over year to 38.34 billion yuan from about 37.04 billion yuan.

The sales figure for the reporting month translated to contracted sales area of 2,574,000 square meters.

Year-to-August, the Chinese property company accumulated contracted sales amounting to 388.14 billion yuan, which reflects contracted sales area of 25,996,000 square meters.

China Vanke also agreed to buy 20 new projects across China for about 16.44 billion yuan and five new logistics property projects for 374 million yuan since its July update.

As of Sept. 5, US$1 was equivalent to 6.83 yuan.