Vanke’s property sales tumble in August

Article Date : 10 September 2008
News Section: China

China’s biggest listed property developer, reports its real estate sales plunged 35% from a year earlier to RMB4.07 billion ($595 million) in August. In terms of area, sales sank 33% to 474,000 square meters during the month. China’s property market has been faltering since late last year because of a slowing economy and cooling speculative purchases...

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Article provided by China Economic Review.
Read the full article here: http://www.chinaeconomicreview.com/realestate/2008/09/11/vankes-property-sales-tumble-in-august.html

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