China Vanke Co., the country's largest property developer by market value, said Friday that its sales in October more than doubled from a year earlier despite the government's second round of tightening moves.

In a statement filed to the Shenzhen Stock Exchange, the developer said its combined sales nationwide hit 15.51 billion yuan (2.31 billion U.S. dollars) in October on the back of 1.31 million square meters of floor space sold, a 115-percent increase from the same period last year.

During the first ten months of the year, the Shenzhen-based developer sold 7.32 million square meters of floor space in total, earning it 86.9 billion yuan.

Since April, China has introduced a string of measures to curb the property market, including raising down payment requirements and asking banks to conduct stress tests in case of sharp declines in home prices.

In late September, the government introduced a second-round of measures to cool runaway housing prices. Measures included a ban on bank loans for third-home purchases and the speeding-up of the trial reform of the property tax.

Home prices in 70 large and medium-sized Chinese cities rose by 9.1 percent year on year in September. The growth rate was 0.5 percentage points lower than that of August.

Shares of the developer gained 0.46 percent to 11 yuan per share at Friday close.

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