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China Vanke says Oct property sales more than double

(Agencies)
Updated: 2010-11-05 14:21
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SHANGHAI - China Vanke Co Ltd said on Thursday that preliminary data showed property sales for October jumped 137.3 percent from a year earlier to 15.51 billion yuan.

The country's top developer recorded sales of 86.93 billion yuan for the first 10 months of the year, it said in a brief statement to the Shenzhen Stock Exchange.

China Vanke said it had added three new projects in October.

The company's yuan-denominated A shares traded on the Shenzhen Stock Exchange closed down 0.9 percent on Thursday ahead of the announcement of the October sales.