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China Vanke sales falls YOY to 43.42B yuan in September

China Vanke Co. Ltd. saw its contracted sales decline in September to 43.42 billion yuan from the 46.32 billion yuan recorded in the prior-year period.

The unaudited figure for the reporting month corresponds to a sales area of 3,025,000 square meters, according to a filing.

In the year to Sept. 30, China Vanke's accumulated contracted sales amounted to 431.55 billion yuan, reflecting a sales area of 29,021,000 square meters.

Since its last property update in August, the Chinese real estate company also acquired 14 projects and six new logistics developments across China for about 12.00 billion yuan and nearly 1.52 billion yuan, respectively.

As of Oct. 9, US$1 was equivalent to 6.92 yuan.