China Vanke property sales decline in April

SHENZHEN - China Vanke Co Ltd, one of China's largest property developers, posted contracted property sales decline in April.

The developer said in a filing to the Shenzhen Stock Exchange that it achieved a contracted property sales of 47.95 billion yuan ($6.76 billion) last month, compared with 60.17 billion yuan a year earlier.

The company added that its contracted property sales for the January-April period fell to 185.83 billion yuan, from 209.61 billion yuan a year ago.