China Vanke Co, the country's largest property developer by market value, said on Monday that its sales in March reached 15.2 billion yuan ($2.45 billion), up 31.9 percent year-on-year.

China Vanke Co sees its March sales reach 15.2 billion yuan, up 31.9 percent year-on-year. [Shao Chang / Asianewsphoto]

The company sold 1.27 million square meters of residential and commercial properties in March, up 15.7 percent year-on-year, it said.

It added that sales in the first quarter were 43.65 billion yuan, up 40.5 percent compared with the same period of last year.

However, the company's sales in February were only at 9.37 billion yuan, a sharp fall from January's 19.07 billion yuan, likely due to the impact from the Chinese New Year holiday, Vanke said in an earlier statement.

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