Poly Developments expands land reserves, october sales fall by half

Poly Developments And Holdings Group has announced the acquisition of five new real estate projects, expanding its land reserves by 292,486 square meters with a total planning capacity of 728,807 square meters. The total investment for these new residential projects, located in Foshan, Jiangmen, Changsha, Xi'an, and Dalian, amounts to CNY 512,119 million. These acquisitions underscore the company's continued investment in key strategic regions.

The company also released its October 2025 sales performance. For the month, Poly Developments achieved a contracted sales area of 1.0938 million square meters, marking a 50.86% year-on-year decrease. Contracted sales value for October reached CNY 21.16 billion, down 50.12% compared to the same period last year.

Cumulatively, from January to October 2025, the company recorded contracted sales of 11.1981 million square meters, a 28.78% decrease year-on-year, with a total contracted sales value of CNY 222.847 billion, down 21.54% from the previous year. The company noted that these sales figures are subject to change.