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Vanke: Gross Sales of RMB 115.7 Billion in Jan to Nov

Source: Financial (Data)
+  In Nov, China Vanke Co., Ltd. (SZSE: 000002) witnessed year-on-year and month-on-month declines in its sales, in terms of both floor space and price. However, it still managed to sell more than 60% of the newly launched properties. In Jan to Nov, Vanke’s gross sales exceeded RMB 100 billion.
+  In Nov, Vanke launched three new properties in Shanghai, Zhuhai and Guiyang. The total planned construction area is about 540,510 square meters, the total land price is about RMB 1.23 billion, and the land cost per square meter in these properties is about RMB2,200, lower than the previous average land cost.