Oct 11, 2016 05:00 PM

PROPERTY

Evergrande Becomes China's Largest Property Developer By Sales

By Li Huiling and Chen Na

(Beijing) — China Evergrande Group has dislodged rival China Vanke Co. as the country's largest property developer by sales this year.

Evergrande sold homes and office buildings worth 280.58 billion yuan ($41.9 billion) from January to September, the company said in a filing to the Hong Kong stock exchange on Monday, surpassing Vanke's 262.9 billion yuan.

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