China Vanke Co., the country's biggest property developer, revealed strong December sales figures on January 8, as the real estate market continued to warm up at the end of last year.
The company sold 1.17 million square meters of residential and commercial properties in December 2012, generating revenue of 14.07 billion yuan ($2.2 billion), up 94.9 percent and 141.8 percent year on year, respectively, the company said in a monthly report filed to the Shenzhen Stock Exchange.
The robust December sales brought the company's full-year sales revenue to 141.23 billion yuan ($22.68 billion), up 16.2 percent year on year.
Poly Real Estate Group Co. and Shanghai Greenland (Group) Co., two other major property developers, also saw revenues exceed 100 billion yuan ($16.06 billion) in 2012, according to China Index Academy, a real estate research institute. |