Sat, 24 Jul 2021

Poly Real Estate reports rising sales in May

Xinhua
14 Jun 2021, 16:49 GMT+10

BEIJING, June 14 (Xinhua) -- Major Chinese real estate developer Poly Developments and Holdings Group Co., also known as Poly Real Estate, posted growth in sales last month.

Its contracted property sales went up 26.22 percent year on year to 59.41 billion yuan (9.28 billion U.S. dollars) in May, the company said in a statement filed with the Shanghai Stock Exchange.

Its contracted floor areas sold reached 3.89 million square meters during the period, up 22.59 percent year on year, the statement showed.

In the first five months of the year, the company's contracted property sales totaled 234.9 billion yuan, surging by 50.88 percent from the same period last year.

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