Country Garden Holdings Co., one of China's leading real estate developers, continues to face significant challenges. In March 2025, the company's sales further decreased by 25.3% compared to the same month last year, totaling only 3.2 billion yuan, roughly equivalent to 437 million US dollars. This trend highlights the difficult position of the company within the broader context of the national housing market.
Chinese real estate developer Country Garden Holdings Co. has reported a significant decrease in losses for 2024. This development is particularly crucial for the company, which has faced defaults on its obligations and is actively working to engage creditors as part of its debt restructuring plan. This article will explore the factors that contributed to the reduction in losses and how the company plans to move forward.