Poly Property : PROPERTY SALES UPDATE FOR YEAR ENDED 31 DECEMBER 2018

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in Hong Kong with limited liability)

(Stock Code: 00119)

ANNOUNCEMENT

PROPERTY SALES UPDATE

FOR THE YEAR ENDED 31 DECEMBER 2018

This announcement is made by Poly Property Group Co., Limited (the "Company") pursuant to the Inside Information Provisions (as defined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules")) under Part XIVA of the Securities and Futures Ordinance (Cap. 571) and Rule 13.09(2)(a) of the Listing Rules.

The Company wishes to provide to its shareholders the attached property sales update which contains certain operating data of the Company, its subsidiaries together with its joint ventures and associated companies (the "Group") for the year ended 31 December 2018 (the "Property Sales Update"). The Property Sales Update is also available on the website of the Company (http://www.polyhongkong.com). The Property Sales Update has been prepared on the basis of internal management records and it has not been audited or reviewed by external auditors. Information contained in the Property Sales Update may differ from figures to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company on an annual or half-yearly basis due to various uncertainties during the process of collating such sales information. As such, the data is for investors' reference only. The Property Sales Update is not an offer or solicitation for the purchase or sale of any securities or financial instruments or to provide any investment service or investment advice.

Shareholders of the Company and potential investors should exercise caution when investing in or dealing in the securities of the Company. In the event of any doubt, investors should seek professional advice from professionals or financial consultants.

By order of the Board

Poly Property Group Co., Limited

XUE Ming

Chairman

Hong Kong, 9 January 2019

As at the date of this announcement, the executive directors of the Company are Mr. Xue Ming, Mr. Han Qingtao, Mr. Wang Xu, Mr. Ye Liwen and Mr. Zhu Weirong, the non-executive director is Mr. Ip Chun Chung, Robert, and the independent non-executive directors are Mr. Choy Shu Kwan, Miss Leung Sau Fan, Sylvia and Mr. Wong Ka Lun.

(Incorporated in Hong Kong with limited liability)

(Stock Code: 00119)

PROPERTY SALES UPDATE

FOR THE YEAR ENDED 31 DECEMBER 2018

The Group Recorded Contracted Sales of Approximately RMB 40.8 Billion for the Year Ended 31 December 2018

(9 January 2019 - Hong Kong) Poly Property Group Co., Limited (Stock Code: 00119) is pleased to announce that Poly Property Group Co., Limited, its subsidiaries together with its joint ventures and associated companies (the "Group") have recorded contracted sales of approximately equivalent to RMB 40.8 billion(Note1), with contracted area sold totaling approximately 2,242,000 square metres for the year ended 31 December 2018.

About Poly Property Group Co., Limited

Poly Property Group Co., Limited is one of the foremost property developers in China and is the real estate offshore listed flagship of China Poly Group Corporation Limited (a state-owned enterprise). Its major businesses include property development, investment and management. The Group develops residential and commercial properties in the Yangtze River Delta, Pearl River Delta, Southwestern Region and Other Regions in the PRC as well as Hong Kong, Macau and Overseas. The Group's projects are located in 25 cities in the PRC and overseas, including Shanghai, Hong Kong, Macau, Guangzhou, Shenzhen, Wuhan, Suzhou, Guiyang and Nanning, among others. The Group maintains a high-quality investment portfolio in various cities comprising landmark properties such as Shanghai Poly Plaza, Shanghai Stock Exchange Building and Beijing Poly Plaza. As at the end of December 2018, the total gross floor area of the Group's land bank (including projects under construction and held for future development) amounted to approximately 20 million square metres. For more information, please visithttp://www.polyhongkong.com.

For media enquiries, please contact:

Wonderful Sky Financial Group

Lesley Zhang	Chloe Cheung
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Note:

1. From January 2018 onwards, the Company will announce sales data inclusive of value-added tax. As a result, the cumulative sales figures for the current month and the current year are not directly comparable to the historical figures previously announced.

2. This Property Sales Update has been prepared on the basis of internal management records. It has not been audited or reviewed by external auditors. Information contained herein may differ from figures to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company on an annual or half-yearly basis due to various uncertainties during the process of collating such sales information. As such, the data contained herein is for investors' reference only.