21 January 2019

China Vanke home sales up 21% at 170.9 bln yuan, paper says

China Vanke Co. Ltd. (000002.CN) said it sold 14.9 million square meters of floor space for 170.94 billion yuan (US$28.144 billion) in 2013, up by 15 percent and 21 percent, respectively, from the previous year, the Securities Times reported Monday. At the end of December 2013, the developer had 128 million square meters of unsold new flats across 14 major cities, including Shanghai, Shenzhen, Guangzhou, Tianjin and Chengdu, up from 116 million square meters at the end of 2012, the report said. The inventory of new flats is at an adequate level and will help stabilize home prices over the longer term, board secretary Tan Huajie was quoted as saying.

– Contact HKEJ at [email protected]




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