Poly Property Holdings Group reported contract sales of approximately 26.2 billion yuan for the first seven months of 2026, according to its July operational update released on August 6, maintaining its position among the top performers among state-backed developers.
July Data
In July 2026, Poly Property achieved contract sales of approximately 3.0 billion yuan with floor area of 100,000 square meters, translating to an average selling price of approximately 30,036 yuan per square meter, reflecting a premium positioning in major urban markets.
Cumulative data shows that from January through July, the company's total contract sales amounted to approximately 26.2 billion yuan, with aggregate contracted floor area of 899,000 square meters and an average price of approximately 29,160 yuan per square meter.
Land Market Activity
Earlier in July, Poly Property participated in competitive bidding for premium urban land in Beijing's Jiuxianqiao area, alongside rivals including China Overseas, China State Construction Engineering, and Greentown China. The company's continued engagement in prime land auctions reflects its confidence in the market recovery and its focus on quality assets in first-tier cities.
Industry Context
Poly Property's results are in line with the broader trend of state-owned developers outperforming private-sector peers during the sector's ongoing recovery, driven by stronger balance sheets, easier financing, and greater access to quality land opportunities.