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China Vanke's sales jump YOY to 67.98B yuan in January

China Vanke Co. Ltd.'s sales in the month ended Jan. 31 increased year over year to 67.98 billion yuan from 48.12 billion yuan.

During the reporting month, the company's sales area amounted to 4,444,000 square meters, down from the 35,290,000 square meters recorded for January 2017.

The developer also said that since its December 2017 update, it spent approximately 7.05 billion yuan and nearly 1.15 billion yuan for its respective acquisition of 14 development projects and five logistics property projects in China. The development projects have a combined gross floor area of 2,187,000 square meters, while the logistics projects have a gross floor area totaling 487,000 square meters.

As of Feb. 2, US$1 was equivalent to 6.30 yuan.