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China Vanke's February sales rise 141.8%

03-04-2011 14:12 BJT

BEIJING - China Vanke, the country's largest property developer, said on Thursday that its property sales in February hit 6.08 billion yuan ($925.42 million), up 141.8 percent year on year.

However, the figure was about 70 percent lower than January's record of 20.1 billion yuan.

China introduced new measures to cool rising home prices at the end of January. The measures include an increase in the minimum downpayment for second homes from 50 percent to 60 percent and the extension of limits on home purchases to more cities.

Shanghai and Chongqing both launched real-estate tax trials in January.

Shares in Vanke closed at 8.19 yuan per share in Shenzhen, which is down 0.12 percent.

Editor:Xiong Qu |Source: China Daily

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