Vanke sales amounted to 108.16 billion yuan last year

Vanke A (000002) released the latest bulletin shows that 2010 Vanke to achieve sales area of 8.977 million square meters, sales amount of 108.16 billion yuan, year-on-year growth of 35.3% and 70.5%, become the country's first annual sales reached Chi residential enterprises.　　At the same time, Vanke's Beijing and Shenzhen two subsidiaries of the annual sales also exceeded tens of billions, together refreshing the domestic residential enterprises in a single city annual sales history record.　　The announcement also shows that December 2010, Vanke to achieve sales area of 689,000 square meters, sales amount of 8.35 billion yuan, the year-on-year growth of 69.8% and 51.3%. Vanke board Secretary Tan Huajie said that Vanke's business model has three main features: mainstream positioning, rapid turnover and strategic depth. Vanke 2010 Sales of 144 square meters of the following huxing accounted for 88%, compared to 2009 86% further increase. Rapid turnover is "no hoarding, not cover the plate", rapid development, rapid sales.　　Rapid development allows Vanke to use the established asset scale to achieve a larger push volume. November 2010 Sales Briefing since the disclosure of Vanke also added 21 items.　　Vanke December has entered the new Wenzhou, Nantong, Jiaxing, Fushun and other four cities, Vanke has entered the cumulative 46 City market. Tan Huajie said that the number of new Vanke projects in December, mainly due to the end of the local government to enlarge the scale of the project access to increase opportunities.　　Vanke December to take the two or three-line city is still the focus of investment, the new project floor price of about 2950 yuan, and 2010 annual New project floor price of about 2740 yuan. Vanke also pointed out that the 2010 sales data presented another situation, the account of a significant increase in customer one-time payments, the 2009 ratio of 18%, and 2010 as high as 26%, of which the fourth quarter after the end of the policy was reached 32%,　　This change reflects the impact of the mortgage tightening on the level of customer leverage. For the January 2011 sales Prospects, Tan Huajie said, Vanke December continued to maintain a larger push volume, but because more of the push is concentrated in the end of the year, a considerable proportion of the housing although the month to achieve the subscription, but has not completed the contract, so the December sales chain November fell. But this also means that a large number of contracts will be completed in January 2011, Vanke January 2011 Sales, regardless of the chain or year-on-year, are expected to achieve a larger growth.