Great May for Vanke, Evergrande

Shenzhen-based Vanke and Evergrande, two of the country’s top three property developers (with Foshan’s Counrty Garden), had a great month of May. Vanke sold RMB58 billion of apartments, up nearly 40% YoY, while Evergrande also sold more than RMB50 billion.

According to official data, from January to April, nationwide residential property sales were down in square footage but up 8.5% by value to RMB3.91 trillion. It was 2.5 percentage points better than April.

Read more (in Chinese).