Two Major Property Firms See Strongest Sales in Years


China Vanke Co Ltd and Evergrand Group, the two largest property companies in China, saw their strongest sales surge in years as the property market rebounded.

A statement released by China Vanke on Monday showed that the company's sales rose 56.31 percent year-on-year to 19 billion yuan ($3 billion) in January. Sales of floor area increased 35.38 percent to reach 1.6 million square meters.

The figures show that house prices rose significantly.In 2012, China Vanke's sales exceeded 140 billion yuan, and it became the world's first property company to have annual sales over $20 billion.

Meanwhile, Evergrand Group's monthly briefing showed that its sales in January surged 226.1 percent to 7.25 billion yuan. Its sales of floor area jumped 212.9 percent to 1.16 million sq m.

Source:China Daily

2005-2014 All Rights Reserved 京ICP备05069564号-1 京公网安备1101054484号