Poly Real Estate sees sales up 155% Jan.-Oct.
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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 square meters 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 (US$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.
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