BEIJING, Jan. 8 (Xinhua) -- China Vanke Co., the country's biggest property developer, on Tuesday revealed strong December sales figures, as China's real estate market continued to warm up at the end of last year.
The company sold 1.17 million square meters of residential and commercial properties last month, generating revenue of 14.07 billion yuan (2.2 billion U.S. dollars), up 94.9 percent and 141.8 percent year on year, respectively, the company said in a monthly report filed to the Shenzhen Stock Exchange.
The robust December sales brought the company's full-year sales revenue to 141.23 billion yuan, up 16.2 percent year on year, the company said.
Of the 12.96 million square meters of residential and commercial property it sold in 2012, 90 percent included small and medium-sized apartments, sales of which gained notable traction in the second half, the company said.
The surge in December sales was partly due to a lower comparative base from December 2011, when the company's sales plunged 36.3 percent from the previous year.
Tan Huajie, China Vanke's board secretary, said property sold last year in 14 major Chinese cities remained about 20 percent below the record set in 2009.
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