Poly Developments property sales rise slightly in April

Source: Xinhua | 2020-05-10

Major Chinese real estate developer Poly Developments and Holdings Group Co., Ltd. posted a small growth in contracted property sales amount in April.

The Guangzhou-based property developer said in a filing to the Shanghai Stock Exchange that its contracted property sales edged up 0.44 percent year on year to 37.59 billion yuan (about 5.3 billion U.S. dollars) last month.

The company added that its contracted property sales for the January-April period totalled 108.61 billion yuan, down 26.16 percent year on year.