» Poly Real Estate Group Co. said its first quarter net profit rose 19 percent year-on-year to 329.7 million yuan, on a strong rise in sales driven by discounting.

» Operating revenue grew 85 percent to 2.1 billion yuan in the first three months.

» Poly said earlier that it sold 763,300 square meters of space in the first quarter, up 133 percent year-on-year.

» China's overall property sales increased 23 percent year-on-year to 505.9 billion yuan in the first quarter, as prices in the country’s 70 leading cities declined by 1.3 percent.