China Vanke, the country largest developer by sales, said on Wednesday property sales jumped 221 percent in January from a year ago to 20.1 billion yuan ($3.07 billion).

But Vanke said it expects sales to slow in February as the property market tends to be quiet during the month due to the Spring Festival.

The company will likely see a significant month-oo-month drop in February sales, it said in an emailed statement.

Vanke, which raked in 108.2 billion yuan in sales in 2010, said it had added 12 new projects in the past month.

The announcement came after the market had closed.

Vanke's Shenzhen-listed yuan-denominated A shares ended down 2 percent on Wednesday, a day after China's central bank raised interest rates for the second time in just over six weeks to cool stubbornly high consumer prices.