Vanke Sees Continued Decline in Monthly Property Sales

(Beijing) -- China Vanke (SZSE: 000002), the country's largest developer by market value, saw property sales fall for the fifth straight month year-on-year in December, as the property market slows amid government measures to curb housing inflation.

Property sales by Vanke totaled 5.8 billion yuan last month, the company said in a statement on December 4, down 30.3 percent year-on-year or 35.6 percent month-on-month.