Struggling Chinese property developer Country Garden, which had postponed the publication of its annual results, today announced a loss of $24.3 billion for 2023. This loss widened sharply from the negative $825 million recorded in 2022 due to the collapse of the Chinese real estate sector.
24.3 billion loss for Chinese group Country Garden
This loss relates to the Group's 2023 financial year, which also saw losses in H1 2024.
This is a machine translation. Automated translations are intended solely as a convenience and are not legally binding.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In