Sunac China Faces $2 Billion Loss Amid Property Market Slump

21 Aug 2024 CW Team

Sunac China Holdings Ltd. has projected a substantial half-year loss of $2 billion, attributing the setback to a persistent downturn in the property market. This forecast reflects the broader challenges facing the Chinese real estate sector, which has been grappling with weakened demand and economic uncertainties.

The company?s financial difficulties stem from ongoing declines in property sales and falling real estate prices, exacerbated by a slowdown in China?s economic growth. Sunac, one of China?s largest property developers, has been significantly impacted by these market conditions, which have affected its revenue streams and overall financial health.

Sunac?s warning underscores the broader struggles within the Chinese real estate market, which has seen several major players facing similar financial pressures. The downturn has led to reduced investor confidence and tighter liquidity conditions, further straining developers? ability to manage their projects and meet financial obligations.

The company is actively seeking ways to mitigate these losses, including restructuring efforts and potential asset sales. However, the ongoing market challenges pose a significant hurdle to a swift recovery.

Sunac China?s situation highlights the pressing need for policy interventions and market adjustments to stabilise the real estate sector and support affected companies. The industry remains cautious as it navigates the current economic landscape and seeks to regain stability.

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..