Poly Developments and Holdings

Poly Developments and Holdings is one of China's leading real estate developers, focusing on residential and commercial property development and sales. Headquartered in Guangzhou, it operates in many cities across China.

Product categories. Residential · Commercial real estate

• 2020

  Affiliated Companies Hit with Over 100 Administrative Penalties in a Year, Involving Unlicensed Construction, Illegal Presales and Environmental Violations

  China Economic Net counted that companies affiliated with Poly Real Estate have received more than 100 administrative penalties since 2020, involving unlicensed construction, illegal presales, dust and other environmental violations, with fines totaling millions of yuan; two related companies in Zhengzhou once received 8 penalty notices in one day. In 2023, Sina ESG Observation said its subsidiaries were repeatedly notified and penalized for environmental violations. The compliance management of the central state-owned real estate developer was questioned.

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• 2020.09.24

  Reported2020.09.24

  Poly Australia announces planned job cuts[4]Poly Australia宣布计划裁员scmp.com

  Poly Australia told employees in its Sydney and Melbourne offices that a substantial number of staff would be cut by the end of the year as the company restructures. The specific number of cuts was not known.

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1. 1Affiliated Companies Hit with Over 100 Administrative Penalties in a Year, Involving Unlicensed Construction, Illegal Presales and Environmental Violationsce.cn
2. 2Affiliated Companies Hit with Over 100 Administrative Penalties in a Year, Involving Unlicensed Construction, Illegal Presales and Environmental Violationsthepaper.cn
3. 3Affiliated Companies Hit with Over 100 Administrative Penalties in a Year, Involving Unlicensed Construction, Illegal Presales and Environmental Violationsfinance.sina.com.cn
4. 4Poly Australia宣布计划裁员scmp.com