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Poly Real Estate's sales up 76.66% in Nov

Dec. 6, 2012 (China Knowledge) - Poly Real Estate Group Co Ltd<600048>, a property subsidiary of state-owned China Poly Group Corp, has announced its property sales surge 76.66% YoY to RMB 8.7 billion in November this year.

The sales last month was 13% more than it realized in October 2012.

The developer said in a statement filed with the Shanghai Stock Exchange that it sold 728,000 square meters of properties in November, 72.92% more than in the same month of last year.

In the first eleven months, Poly Real Estate's sales amounted to RMB 92.03 billion, up 36.1% YoY, while its sold area grew 36.26% from the same period of 2011 to 8.15 million sq m.

China Vanke Co Ltd<000002><200002>, the largest publicly traded residential properties developer in the country, said earlier that its property sales skyrocketed 106.6% YoY to RMB 17.13 billion in November, China Knowledge reported earlier.

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