Poly Real Estate

World Innovators Meet 2021 - China & the World Summit Is Approaching!

Join us on December 9-10 for a series of online discussions about a wide range of global investment and business issues.

An Industry Built on Debt

Real estate has long been the stimulus behind China's rapid economic development. House-buying became an investment as prices soared, thus resulting in overbuild. Evergrande's downfall signals the halt on China's reliance on its real estate sector as the country seeks to regulate and strengthen the economy and its foundation.

Time is Running Out as Default Wave Continues

Modern Land has fallen under the tightening measures around real estate development in China. The developer failed to come to terms for an extension on its bond’s maturity and will be engaging with independent financial advisors soon.

Second Time Around: Wanda Group Applies for Hong Kong IPO

Wanda Group exited HKEX in 2016 in the hopes of listing in mainland China. Now Wanda looks to be listed once again in Hong Kong as the company slowly curbs its global ambitions.

China Will Pilot Property Tax on Real Estate in Some Regions

On October 23, 2021, the Standing Committee of the National People's Congress of China (SCNPC) authorized the State Council to pilot property tax in some regions. The starting date of the trial will be determined and announced by the State Council.