Poly Property Reports a Decline in Sales for May Amid Beijing's Market Rescue Initiatives

Thursday, 6 June 2024, 13:47

In a recent development, Poly Property, a Chinese state-backed developer, witnessed a nearly 20% drop in sales for the month of May. This decline contributes to the varied outcomes observed following Beijing's extensive measures to support the struggling real estate sector. With uncertainties prevailing, the effectiveness of the market rescue package remains under scrutiny.
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Poly Property Reports a Decline in Sales for May Amid Beijing's Market Rescue Initiatives

Poly Property's Sales Decline

The Chinese state-backed developer Poly Property experienced a significant drop in sales for the month of May, marking a challenging period for the company.

Impact of Beijing's Measures

The sales slump adds to the nuanced response to Beijing's efforts to revitalize the real estate market, revealing a blend of positive and negative outcomes.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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