COLI Passes Vanke as First to Book RMB 10b in Monthly Sales This Year

China Overseas Land and Investment (0688.HK) recorded HK$12.13 billion in property sales in May, up 251.8% y-o-y, while sales by area came to 618,000 sqm in the month, representing an increase of 47.9% on an annual basis, reported June 10. For the first five months of 2011, COLI booked contract sales of HK$40.1 billion, or sales of 2.44 million sqm of property, up 81.8% and 34.9% y-o-y, respectively, the report said.

China's biggest residential real estate developer Vanke (000002.SZ, 200002.SZ) reported May sales of RMB 9.01 billion, according to previous reports.