CountryGarden

Struggles Continue for Country Garden as Sales Decline Remains Persistent

2 months ago

Country Garden, one of China's prominent property developers, is facing significant challenges as its sales continue to decline, casting doubts on the company's recovery amidst an ongoing real estate crisis. Despite hopes for a revival, the firm is grappling with a sustained slump in sales, raising concerns among stakeholders about its financial stability and future prospects.

Country Garden's Sales Downturn Signals Ongoing Struggles in the Property Market

3 months ago

In a stark reflection of the broader challenges faced by the Chinese real estate sector, Country Garden has reported a continued slump in sales, marking a concerning trend in an industry grappling with debt and declining buyer confidence. The beleaguered property developer saw its sales tumble significantly, raising alarms about the health of the housing market and the potential implications for the wider economy.

Country Garden Faces Dismal Sales Decline in January, Deepening Its Financial Struggles

4 months ago

In a troubling trend for one of China’s largest property developers, Country Garden has reported a significant slump in sales during the month of January. The company’s latest figures have raised fresh alarms about its ongoing financial struggles amidst a sluggish real estate market.

Country Garden Faces Unprecedented Loss Amid China's Housing Crisis

5 months ago

In a startling update from the real estate sector, Country Garden Holdings recently reported a record loss amid the ongoing crisis in China's housing market. The company disclosed substantial financial setbacks, suffering a staggering loss of 48 billion yuan ($6.5 billion) for the 2023 fiscal year. This represents a shocking turn of events for one of the nation’s largest property developers, which previously thrived in a booming housing environment.