Shenzhen-based Gemdale said it sold 1.099 million square meters of property in 2008, up 1.65% from a year earlier.
The value of the sales rose 17.01% year-on-year to RMB11.403 billion, the company said in a statement filed with the Shanghai Stock Exchange.
In December, Gemdale sold 119,700 square meters of property worth RMB1.135 billion, down 9.05% and 10.73% respectively from the preceding month.
The developer said it plans to start selling three projects in Wuhan, Foshan and Dongguan in January and February.
Source: Trading Markets