Aug. 6, 2012 (China Knowledge) - China Vanke Co Ltd<000002><200002>, the country's largest listed residential property developer by market value, announced that its property sales increased 14.43% YoY to RMB 10.39 billion in July this year.

The July’s sale was lower than RMB 13.32 billion and RMB 10.72 billion it realized in Jun and May 2012.

The company did not give the reason that cause a drop in property sales last month.

According to a statement, the developer sold 0.96 million sq m of properties in Jul, 22.76% more than in the corresponding period of 2011, but 21.75% lower than a month earlier.

In the first seven month of this year, the company's property sales amounted to RMB 72.93 billion, while its sold area reached 6.99 million sq m during the period.