Chinese state-backed developer Poly Property saw sales fall by almost a fifth in May, adding to a mixed picture of the impact so far of Beijing’s historic measures to rescue its crisis-hit real estate segment.
Poly Property booked sales worth 4.6 billion yuan (US$634 million) for projects spanning about 218,000 square metres (2.35 million square feet) at an average price of 21,197 yuan per sq m, the Shanghai-headquartered company said in a filing with the Hong Kong stock exchange on Thursday.
Source: TRADE FINANCE
