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Courtesy of UBS:
China Vanke is the largest property developer in China. Operates in 65 cities in China, but focus on key eastern coastal areas.
Last year Vanke sold 250k units (20.6 mn sqm), 2% market share on GFA or 3% on value. 2015 saw 22 mn sqm launched. 90% of products are below 144sqm, and then more than half of these are lower than 90sqm. Expecting 10% GFA volume growth, something like 23 mn sqm.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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