Statistics

China Poly Real Estate H1 sales up 3.3%

(Agencies)
Updated: 2010-07-08 10:17

China Poly Real Estate Group Co, one of the country's biggest developers, said on Thursday its property sales in the first six months rose 3.3 percent year-on-year.

Related readings:  Housing prices 'to fall in Q4'  Poly Real Estate's Jan-May sales top $2b  Vanke, Evergrande lead in first half sales  China Vanke sales rise 28% in June

Sales from January to June were at 21.76 billion yuan ($3.21 billion).

Vanke, who posted a 19.5 percent rise in half year sales on Tuesday, said it was forced to cut prices to attract buyers.

Beijing has taken measures to cool real estate fever, including raising mortgage rates and down payments for second homes and pushing local governments to curb speculative buying.

The tightening policies have helped trigger a 26 percent plunge in Shanghai's stock index this year, with property shares suffering the most.