Poly Developments sales rise slightly in March, acquires new projects

Poly Developments & Holdings Group (SSE:600048) announced a slight year-on-year increase in contracted sales for March 2025, while also revealing the acquisition of two new real estate projects. According to the March sales report, the company achieved contracted sales area of 1.5258 million square meters, a decrease of 0.47% year-on-year. However, the contracted sales amount reached CNY29.016 billion, representing a 7.32% increase compared to March 2024. For the first quarter of 2025, the cumulative contracted sales area totaled 3.0807 million square meters, a 16.03% decrease year-on-year, while the contracted sales amount was CNY63.027 billion, a slight increase of 0.07%. The company also announced the acquisition of two new real estate projects. One project is located in the Hexi District of Tianjin, with a planned gross floor area of 53,473 square meters and a total land cost of CNY110,000. The second project is situated in the Fengze District of Quanzhou, featuring a planned gross floor area of 57,214 square meters with a total land cost of CNY41,820, where Poly Developments holds a 51% stake.