Country Garden

Developer sets aside 12b yuan for sites

Mo Bin, President for Country Garden. Photo: Jonathan Wong

Guangdong-based property developer Country Garden said it planned to spend 12 billion yuan (HK$15.1 billion) on land acquisitions this year.

Wednesday, 7 August, 2013, 3:36am

Property developers raise targets for sales by up to 30pc

Shares in property firms Country Garden, Fantasia and Powerlong Real Estate were all up yesterday as the firms announced plans to increase their sales in 2013. Photo: Reuters

Country Garden is aiming for growth of 30 per cent in contract sales this year, and is banking on increasing urbanisation on the mainland and demand from end-users to achieve that goal.

20 Mar 2013 - 4:35am

Country Garden earnings rise 34.4pc

Mainland developer Country Garden saw net profit rise by 34.4 per cent to nearly 3.85 billion yuan (HK$4.73 billion) in the first nine months of last year.

The Guangdong-based company reported yesterday that net profit margin increased to 16.4 per cent for the nine months to September from 14.9 per cent a year ago.

3 Jan 2013 - 4:36am

Country Garden share sale knocks property stocks

Mainland property stocks fell across the board yesterday after Country Garden Holding said it would raise money by selling shares at a discount, triggering fears of a fresh round of fund-rasing amid credit tightening and shrinking home sales.

2 Mar 2012 - 12:00am

Shui On Land buys 7.5b yuan Foshan site

Shui On Land has bought a 640,000 square metre site in Foshan of Guangdong province for 7.5 billion yuan, marking its first foray into the southern province.

1 Dec 2007 - 12:00am

Mainland billionaire club members rise to 106 as markets soar

The mainland's surging stock and property markets have helped create 106 billionaires, ranking it second only to the United States in terms of billionaires, according to Shanghai-based Hurun Report.

The number of US billionaires listed by Forbes magazine was fewer than 415 in March. Germany has 55 billionaires, Russia 53, India 36 and Japan 24, Forbes said.

11 Oct 2007 - 12:00am

Country Garden's Yang tops mainland rich list

Yang Huiyan, the 26-year-old daughter of Country Garden Holdings' co-founder, topped this year's Forbes list of the richest people in China with a net worth of US$16 billion.

9 Oct 2007 - 12:00am