Poly Real Estate Group , China’s second largest developer by market value, property sales in the first ten months of this year amounted to RMB 16.74 billion, up 18.58% from a year earlier.
It has sold a total of 2.10 million square meters in the first ten months of this year, up 24.3% compared with the same period of last year.
In October alone, the company sold 344,400 square meters of properties, with sales revenue surging to RMB2.58 billion from RMB 2.1 billion in the same period of the previous year.
So far, Poly has entered 18 Chinese cities after it started to sell property buildings in Hangzhou, Tianjin and Chengdu.
From January to September 2008, the company realized property sales of RMB 14.15 billion, up 17.95% from a year earlier, sources reported.