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China Vanke records YOY increase in September contracted sales

China Vanke Co. Ltd.'s contracted sales increased to 46.32 billion Chinese yuan in September from the 25.38 billion yuan recorded in the prior-year period.

During the reporting month, the developer sold properties that cover 2,729,000 square meters, 595,000 square meters more compared with the 2,134,000 square meters sold in September 2016.

Since its August update, the company purchased 23 new development projects and four new logistics properties in China.

Furthermore, the developer's contracted sales for the nine months ended Sept. 30 jumped year over year to 396.1 billion yuan from 262.9 billion yuan in the year-ago period. The unaudited nine-month 2017 figure represents sales area of 26,645,000 square meters.

As of Oct. 10, US$1 was equivalent to 6.59 Chinese yuan.