China Vanke sales drop in May on property tightening moves

Posted by property | Posted in Real Estate | Posted on 07-06-2010-05-2008

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China Vanke sales drop in May on property tightening moves
China Vanke Co., the country’s largest property developer by market value, announced on Sunday that its sales revenue in May decreased 20.2 percent from a year earlier amid the government’s tightening moves. In a statement filed to the Shenzhen Stock Exchange, the developer said its combined sales nationwide topped 5.11 billion yuan (748 million U.S. dollars) in May on the back of the 470,000 …
Read more on People’s Daily

Reappraisal for Fujimi property urged
THE FINANCE department will be recommending the conduct of a reappraisal for the government’s property in Fujimi in Japan to the next administration as interested parties for the lease of the property have failed to satisfy the requirements.
Read more on BusinessWorld Online

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