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Poly real estate 2008 property sales hit 20.5b yuan

By Bi Xiaoning (chinadaily.com.cn)
Updated: 2009-01-06 17:09

Guangzhou-based Poly Real Estate Group Co, China's second-largest publicly traded property company, said sales rose 20.4 percent year-on-year to 20.5 billion yuan ($2.99 billion) in 2008.

The company sold 2.58 million sq m of property in 2008, an increase of 29.5 percent from a year earlier, according to a statement to Shanghai Stock Exchange on Jan 6. Sales reached 2.22 billion yuan in December 2008, the company said.