Poly May Sales Surge to RMB 7.41b

Chinese residential property developer Poly Real Estate (600048.SH) recorded contract sales worth RMB 7.41 billion in May, up 132.09% y-o-y, representing a total area sold of 617,300 sqm, up 31.71% y-o-y, guandian.cn reported June 9. Between January and May, the company's sales came to 2.43 million sqm, worth a total of RMB 28.1 billion, representing y-o-y growth of 22.81% and 82.37%, respectively, according to the report.