China's property developer Vanke sees contracted sales up 9.6% in H1

BEIJING - China Vanke Co Ltd, a leading property developer, reported its contracted sales amounted to 334 billion yuan ($48.69 billion) in the first half year, up 9.6 percent from the same period last year.

From January to June, the company achieved a total contracted sales area of 21.5 million square meters, up 5.6 percent year-on-year, according to a statement issued by the company Tuesday evening.

In June, the company realized a contracted sales area of 4.89 million square meters, with a contracted sales amount of 66.39 billion yuan.

Shares of the company opened at 28.71 yuan Wednesday morning.