Poly Contract Sales Soar 79% YoY in June

Chinese residential property developer Poly Real Estate (600048.SH) recorded contract sales of RMB 11.35 billion in June, up 78.97% y-o-y, on sales of 975,900 sqm of property, representing an increase of 41.51% y-o-y, guandian.cn reported July 7. said the report. The company launched six commercial property projects in Chengdu, and another 12 in Guangzhou during the month, the report said. Over the first six months of this year, the company recorded total contract sales worth RMB 3.95 million, from sales of 3.41 million sqm of property, representing growth of 81.38% and 27.64% y-o-y, respectively, according to the report.