Poly Real Estate: Contracted Sales CNY 10.77 Bn in May, Up 45.4% YoY

Source: Company Disclosure, ChinaScope Financial (Data)

+       According to a June 7 announcement by Poly Real Estate Group Co., Ltd (600048.SH), the developer recorded contracted gross floor area sales of 916,500 square meters in May, up 48.46% year-on-year, equivalent to a sales value of CNY 10.77 billion, up 45.4% year-on-year

+       Over the January-May period, Poly’s aggregate contracted floor area sold was 3.07 million square meters, up 26.36% year-on-year, equivalent to a sales value of CNY 34.78 billion, an increase of 23.76% year-on-year.

Sales of most developers has recovered from the low in Jan-Feb, and made month-on-month growth in May. Only Country Garden’s sales value was negative year-on-year.

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