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Which is worse, Sunac or Evergrande?
The cooling of China property market in recent two years is undoubtedly a huge blow to real estate enterprises. As one of the most profitable industries, real estate has become the object that many people "avoid". Evergrande became the first real estate enterprise in China as early as 20 17, and its strength is beyond doubt. However, the cooling of the property market led to the direct outbreak of Evergrande's hidden debt crisis.
Similar to Evergrande, Sunac, even in some aspects, is in a worse situation than Evergrande. According to recent reports, Sunac announced that it would hold the "PRSunac 0 1 bondholders meeting", hoping to postpone it again.
Reasons for the cooling of the property market
1, the house price is beyond the affordability of residents.
2. Both the marriage rate and the birth rate have decreased, which has reduced the demand for buying houses.
3. Diversified living choices do not necessarily mean buying a house.
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