Poly Real Estate sales rise

Poly Real Estate Group Co announced late Wednesday that its sales in October reached 7.7 billion yuan ($1.23 billion), a surge of 42 percent over a year earlier, signaling a recovery in the property market.

According to a statement posted on the Shanghai Stock Exchange by the country's second largest real estate developer by market value, between January and October this year its sales jumped by 33 percent year-on-year to 83.33 billion yuan.