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Poly Real Estate's property sales up 79.72% in Jul

Aug. 10, 2012 (China Knowledge) - Poly Real Estate Group Co Ltd<600048>, a major property developer in China, announced its contractual sales to surge 79.72% YoY to RMB 9.09 billion in July this year.

In a statement filed with Shanghai Stock Exchange, the company said that its sold area rose 65.59% YoY to 773,000 square meters last month.

The company saw its average sales price stood at RMB 11,800 per sq m last month, while its average sales price for the first half of this year was RMB 11,500 per sq m.

From January to Jul this year, Poly Real Estate saw its contractual sales jumped 33.41% YoY to 59.39 billion and sales area amounted to 5.15 million sq m, 32.91% more than in the same period of last year.

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