Property

[BEIJING] China on Friday (Aug 28) issued guidelines for local governments to reform their housing sales system, requiring a shift towards the sale of completed housing units to curb delivery risks as Beijing seeks to stabilise the crisis-hit property sector.

Since acquiring MCL Land in 2025, Sunway has picked up two sites in the Republic, aims to secure ‘a few land parcels every year’

The total brings the distressed developer’s combined losses since 2024 to 153 billion yuan 

It is reportedly concerned about the repayment risks if interest rates rise or the incomes of younger borrowers fall

The company is looking to raise fresh capital from lenders, including existing creditors: source

They have remained above 6.5% since July; financing costs show little sign of retreating 

Chinese buyers, traditionally the largest foreign purchasers of Thai condos, cut spending by 27.7%

The slight dip follows June’s revised monthly gain of 0.2%

The crumbling facades of Evergrande Cultural Tourism City point to the property crisis weighing on the world’s second-largest economy