Poly Real Estate sales rise by 18.8 pct in August

Guangzhou-based Poly Real Estate Group Co announced Sunday that the company has sold properties worth 8.5 billion yuan ($1.4 billion) in August, a 0.27 percent increase year-on-year, according to a filing on the Shanghai bourse.

During the eight months through August, the company's total floor area sales reached 7 million square meters, up 18.84 percent from the same period of 2012.

According to its half-year financial report released on August 27, the total sales volumes of the company reached 63.6 billion yuan.