China Vanke Reports Strong July Sales, Expands Portfolio

China Vanke Co (HK:2202) has released an update.

China Vanke Co. has reported robust sales for July 2024, with 1,455,000 sq. m. sold, totaling RMB19.21 billion, contributing to an impressive year-to-date sales figure of RMB146.55 billion. Additionally, the company expanded its portfolio with a new development project in Shanghai, securing a 35% stake in the Mancheng Phase II project. Investors should note these figures are preliminary and subject to change.

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