Here’s how overbuilding, and a streak of bad luck, have left China’s real-estate developers in the red. Photo: Adam Adada Country Garden Holdings’ shares rose as they resumed trading in Hong ...

The decline this year would come on top of an almost 50% fall in property sales in China over the past three years, according to government data. Guangdong province-based Country Garden ...

HONG KONG -- Embattled real estate developer Country Garden Holdings has belatedly reported staggering losses for 2023, offering a fresh glimpse into the depths of China's property crisis.

Country Garden Holdings Co. suffered another record loss in 2023 as the Chinese property giant pledged to clinch a deal with creditors on a debt restructuring plan by June. The embattled real ...

HONG KONG (Reuters) -Country Garden, once China's ... according to a survey by real estate researcher CRIC, a sharp drop for a company that was once China's biggest developer by sales.

Country Garden Holdings has now taken a place among the largest money losers in the nation and the world, marking another grim milestone in China's real estate meltdown. The 178.4 billion yuan ($ ...

One of the largest Chinese real estate companies, Country Garden defaulted on $11 billion ... Home prices across China have fallen, even as policymakers have introduced measures such as reducing ...

That is a huge jump from the US$825 million loss it recorded in 2022 as China’s real estate sector slumped. Country Garden has said ... to interim results. The Guangdong province-based company ...

Shares in the company, once one of China’s largest developers, rose on the resumption of trade after it pledged to reach a ...

The decline this year would come on top of an almost 50% fall in property sales in China over the past three years, according to government data. Guangdong province ... to a survey by real estate ...