China Vanke of Beijing said its property sales climbed 27.5% to $4.5 billion in the first half year compared with the first six months of 2008.
The company has sold 37 million square feet of housing during the first half of 2009, up 31% from the year-earlier figure.
China Vanke said its real estate sales rose 57% in June, compared with June 2008, to $1 billion.
Chairman of Shenzhen-based developer is Wang Shi, shown here, who is one of China’s most successful property tycoons.
Analysts say demand for residential properties in mainland China has rebounded noticeably since February following market-boosting measures by Beijing, including tax breaks, smaller down-payment requirements and lower loan rates for first-time buyers.
Wall Street Journal Online said the performance was a reversal from 2008, when China Vanke had a 6.8% drop in housing sales compared with 2007 in what was then a stagnant real estate market.