Poly sees drop in property sales

Poly Real Estate Group Co, a major property developer on the Chinese mainland, said in a filing on the Shanghai Stock Exchange Sunday that its sales across the nation reached 17.697 billion yuan ($2.89 billion) in the first two months of 2014, a fall of 5.46 percent from the same period last year.

According to Poly, the area of its sold properties from January to February was 1.59 million square meters, down 10.03 percent year-on-year.