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

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.

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.

Source: BizChina