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Poly Real Estate sees sales value up 155% over 10 months

(Xinhua)
Updated: 2009-11-10 14:39

Poly Real Estate Group Co Ltd, a leading Chinese listed developer, sees its sales value up more than 150 percent in the first ten months, boosted by the upbeat domestic property market.

Related readings:  Shareholders approve Poly's 8b proposal  Poly Real Estate net income soars 50%  Poly real estate 2008 property sales hit 20.5b yuan  Poly Plaza Beijing

The Guangdong-based firm sold 4.46 million sq m of homes over past ten months, up 143.2 percent year-on-year. The total sales value rose 154.85 percent to 36.86 billion yuan ($5.4 billion) in the period, it said in a statement to the Shanghai Stock Exchange Tuesday.

Chinese property market picked up momentum since this February, due to a series of government measures to bolster the economy and stimulate domestic consumption.