China Vanke's sales declined by 36% in November

© Scanpix/Reuters

China Vanke Co, the top property developer in China by the market share, experienced the largest yearly decrease in sales in November signaling the real estate market requires easing of the government's tightening policies. The sales figures indicated a 36% decline last month. The report on lower sales followed China's central bank announcement about essential drop in real estate investments, as well as decline in prices and property transaction volumes.