Chinese property developers Sunac China Holdings Ltd and CIFI Holdings Ltd have recently announced that their projects have received support from local government authorities. This positive development comes as a relief for the developers and underscores the continued efforts made by local governments to bolster the property market in China.
Sunac China Holdings Ltd, one of the country's leading property developers, revealed that 48 out of its 52 projects have been included in the government's property development 'white list.' This status allows the company to access various financial incentives and benefits offered by local authorities. Sunac has actively pursued partnerships with local governments to obtain support for its projects, enabling it to further expand its business and contribute to economic growth.
