Poly Developments expands portfolio, reports August sales decline

Poly Developments and Holdings Group Co., Ltd. announced the acquisition of two new real estate projects. The projects include a residential plot in Qilihe District, Lanzhou City, Gansu Province, with a land area of 35,919 square meters, and another residential plot in Jiyang District, Sanya City, Hainan Province, spanning 70,435 square meters. The total acquisition cost for these two projects, both secured through public auction, amounts to 161,156 yuan.

In its August 2025 sales report, the company recorded a signed sales area of 93.99 square meters, a decrease of 25.07% year-on-year. The signed sales amount for August was 18.015 bn yuan, representing an 18.54% year-on-year decrease.

For the period from January to August 2025, Poly Developments achieved a cumulative signed sales area of 898.52 square meters, down 26.63% from the previous year. The cumulative signed sales amount for the first eight months totaled 181.200 bn yuan, marking a 17.92% year-on-year decline.