Oct 10, 2023CORE

Country Garden Warns It Cannot Meet Offshore Debt Obligations

Country Garden, previously viewed as one of China's stronger private developers, said falling sales and liquidity pressure meant it expected to be unable to meet all of its offshore payment obligations.

Sources

Chinese developer Country Garden says it can't meet debt payment deadlines after sales slump
Associated PressENOct 10, 2023News article

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OngoingEconomy · 2021

China Property Crisis and Evergrande Collapse

Tracks China's property crisis from Evergrande's 2021 liquidity crunch and default through unfinished housing and mortgage boycotts, Country Garden's debt crisis, Evergrande's liquidation and delisting, government rescue measures, and the 2026 reform of the housing presale system.

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