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China Vanke provides property transaction update for August

China Vanke Co. Ltd. said its contracted sales amounted to 44.13 billion yuan in August, while it spent about 31.55 billion yuan for the acquisition of various levels of interests in 28 property projects across China.

The Hong Kong-listed developer's unaudited contracted sales for the reporting month reflects an increase from the 38.34 billion yuan it recorded in the prior-year period. It also corresponds to a contracted sales area of 2,774,000 square meters, according to a Sept. 3 filing.

For the eight-month period ended Aug. 31, the property company accumulated 426.32 billion yuan of contracted sales and 27,409,000 square meters of contracted sales area.

Since the company's property transaction update for July, it invested in interests in development sites with a collective land area of 3,179,000 square meters.

As of Sept. 3, US$1 was equivalent to 7.18 Chinese yuan.