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China Vanke sales volume rises 18.3% in August

(Xinhua/China Daily)
Updated: 2009-09-05 17:21

China Vanke, the country's largest listed real estate developer, said its August sales volume nationwide rose 18.3 percent from a year earlier to 4.82 billion yuan ($705.6 million), the smallest gain since March.

Related readings:  Vanke's share offer rocks market  Vanke profit soars 22.5% in first half  Vanke sales up 50% year-on-year in June  Vanke aims to double market share

The combined sales volume of the Shenzhen-based developer increased 4.5 percent year on year to 495,000 square meters across the country.

The shares of China Vanke rose 1.73 percent to 11.17 yuan per share on Friday.

China's property market has seen price and sale hikes after February this year boosted by rising demand.