皇冠体育app

Companies

皇冠体育app Vanke property sales up 76% in May

(Agencies)
Updated: 2011-06-08 16:09
Large Medium Small

皇冠体育app's Vanke, the country's largest developer by sales, said its May property sales jumped 76.4 percent from a year earlier to 9 billion yuan ($1.4 billion), rebounding from a slump the previous month.

Related readings:
皇冠体育app Vanke property sales up 76% in May Property developers struggle as govt cools market
皇冠体育app Vanke property sales up 76% in May Demand in small cities lifts Vanke sales profit
皇冠体育app Vanke property sales up 76% in May 
皇冠体育app Vanke property sales up 76% in May Vanke to build govt-subsidized homes

Sales growth slowed to just 1.3 percent in April, down from 47.8 percent in March, following the government's clamp-down against real estate speculation.

Analysts have cautioned against reading too much into the volatile monthly sales data and the overall cooling trend in the real estate sector is likely to continue for some time yet.

A senior government researcher was quoted as saying last week the curbs on property speculation work to control inflation and could ease social discontent over widening wealth disparity.