China Vanke, the country's largest property developer by market value, announced Friday that its sales volume in October surged 95 percent year on year to 6.54 billion yuan (957.8 million U.S. dollars).

The combined space sold in October topped 608,000 square meters, up 31 percent year on year, the developer said in a statement to the Shenzhen Stock Exchange.

The company sold 5.71 million square meters of homes nationwide over the past ten months, up 27.2 percent year on year.

Equities of the Shenzhen-listed firm added 1.44 percent to open at 11.94 yuan per share Friday.

Chinese property market picked up momentum since this February, boosted by a series of government measures to bolster the economy and stimulate domestic consumption.

Related

• China Vanke reports 29.6% sales growth
• China Vanke sales volume rises 18.3% in August
• China Vanke net profit up 22.5% in 1H

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