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Poly Real Estate reports rising property sales in August

Major Chinese real estate developer Poly Developments and Holdings Group Co., also known as Poly Real Estate, posted growth in sales last month.

Its contracted property sales surged by 44.91 percent year on year to 43.9 billion yuan (about 6.4 billion U.S. dollars) in August, the company said in a statement.

Its contracted floor area sold reached 2.82 million square meters, up 42.56 percent year on year, the statement showed.

The company's contracted property sales for the first eight months of this year totaled 317 billion yuan, up 2.29 percent from the same period last year. 

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