China Vanke Co, the country's largest publicly traded real-estate developer, yesterday said property sales fell 38 percent in September, its fourth monthly decline from a year earlier.
Sales were 4.3 billion yuan (US$630 million) last month after the company sold properties with a total floor area of 532,000 square meters, Vanke said in a statement to the Shenzhen Stock Exchange. Sales fell 35 percent in August, 15 percent in July and 23 percent in June.
(Shanghai Daily October 8, 2008)
