China's housing prices picked up in November, with the country's pro-growth measures boosting pent-up demand for housing despite property curbs that have been in place since 2009.
Other major property developers also saw strong sales in 2012, as the property market's growth rate became more rational, according to China Index Academy, a real estate research institute.
Poly Real Estate Group Co. and Shanghai Greenland (Group) Co., two other major players in the sector, also saw revenues exceed 100 billion yuan in 2012, according to a report released Sunday by the institute.
Although transactions improved in the second half of 2012, the inventory levels of unsold new homes remained high in major cities, said Tan, adding that China Vanke will continue to focus on boosting sales in the future.
China Vanke has suspended trading on the Shenzhen bourse since Dec. 26, saying the company is "planning important matters," according to its statement.
Shares of Poly Real Estate closed at 13.78 yuan per share on Tuesday, down 1.15 percent from Monday.
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