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01.30.2013 18:24

Property Developer Joins Ranks of Country's Big Boys

Poly Real Estate Group topped the 100 billion yuan sales mark in 2012 to help it join an elite club, but the building is far from over
By staff reporter Zhu Yishi

(Beijing) – Last year saw state-backed Poly Real Estate Group Co. Ltd. join an elite club.

The Shanghai-listed company had contract sales of 101.7 billion yuan, making it the nation's third developer to top the 100 billion yuan mark.   

China Vanke Co. Ltd. remained housing king with sales of 141.2 billion yuan, a report by China Real Estate Information Corp. (CRIC) and non-profit organization China Real Estate Appraisal said. Shanghai-based Greenland Group was second at 107.8 billion yuan.

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