In a significant development for the real estate sector, Sunac China Holdings and CIFI Holdings have received crucial local government support for their projects. This endorsement adds a boost to the confidence in the real estate market as two major players secure backing for their ventures.

The collaboration between Sunac China and CIFI Holdings has garnered attention due to its potential impact on the property landscape. With the local government's support, the projects are poised for success, marking a positive turn for the real estate industry in China.

This announcement comes at a time when the real estate market is closely monitored for signs of recovery and growth. Sunac China and CIFI Holdings, being key contributors, could play a pivotal role in shaping the trajectory of the industry.

Investors and stakeholders are likely to be reassured by this news, and it may stimulate further interest and investment in the Chinese real estate market. As the projects gain local government backing, they become focal points for the region's economic development and urban expansion.