Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Company - Domestic
 Search News  Or
Poly Real Estate's property sales down 69.35%

Feb. 8, 2012 (China Knowledge) - Poly Real Estate Group Co Ltd<600048>, a property subsidiary of state-owned China Poly Group Corp, said yesterday that its property sales plunged 69.35% year on year to RMB 1.51 billion in January this year.

The company said in a statement filed with the Shanghai Stock Exchange that it sold 125,000 square meters of properties last month, 74.69% less than in the same month of 2011.

Poly Real Estate also said that a subsidiary in Wuhan acquired a redevelopment plot in Wuhan for RMB 2.01 billion. The plot covers a land area of 170,000 square meters and will have a floor area of 718,200 sq m.

The developer said earlier that its contracted sales rose 10.69% year on year to RMB 73.24 billion in 2011, while its contracted sales area fell 5.54% year on year to 6.5 million sq m.






Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services

 E-Store

 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved