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Poly Real Estate sees 36.86% surge in property sales in Apr

May. 9, 2012 (China Knowledge) - Poly Real Estate Group Co Ltd<600048>, a major property developer in China, has announced that its contractual sales rose 36.86% year on year to RMB 9.15 billion in April this year.

The sales of last months reflected a 6% decline from March. However, the developer outperformed major rivals China Vanke Co Ltd<000002><200002> and Evergrande Real Estate Group Ltd<3333> in April, which realized contractual sales of RMB 7.44 billion and RMB 8.19 billion in the month, respectively.
The company said in a statement that its sales area surged 45.10% year on year to 719,100 square meters last month.

In the first four of this year, Poly Real Estate saw its contractual sales climb 16.02% year on year to 24.01 billion and sales area amounted to 2.16 million sq m, 18.84% more than in the same period of last year.

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