China Vanke said that it has achieved contracted sales of 22.61 billion yuan in August, sliding 27% from a year earlier and up 2.5% from the previous month, with contracted sales by floor area reaching 1.576 million square metres
For the first eight months of the year, the total contracted sales totalled 248.59 billion yuan, a decrease of 11.2% from the same period last year, with contracted sales by floor area at 16.245 million square metres.
China Vanke plans to launch 28 new projects across major Chinese cities including Shanghai and Hangzhou over the second half of 2023, the company said at an investor event.
At the moment, the company’s overall funding condition remains normal, with no offshore debts to mature in the second half of the year, it said.