Country Garden
Country Garden (Chinese: 碧桂园; pinyin: Bìguìyuán; Jyutping: bik1 gwai3 jyun4) is a property development company based in Guangdong, China, owned by Yang Guoqiang's family. It ranked 206th in Fortune Global 500 list of 2023. Country Garden features a market capitalization of over US$29.84 billion as of 2018; with 187 high-end township developments throughout China, Malaysia and Australia among its vast international project portfolio. The company is incorporated in the Cayman Islands. Its headquarters are in the town of Beijiao (simplified Chinese: 北滘镇; traditional Chinese: 北滘鎮; pinyin: Běijiào Zhèn), in Shunde District, Foshan.
Entrance of Country Garden Hong Kong office | |
Native name | 碧桂園控股有限公司 |
|---|---|
| Company type | Public |
Traded as |
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| Industry | Real estate, education |
| Founded | 1992 |
| Founder | Yang Guoqiang |
| Headquarters | Shunde, Guangdong , China |
Area served | China, Malaysia, Australia |
Key people | Chairman: Yang Huiyan(楊惠妍) Largest shareholder: Yang Huiyan |
| Products | Landed & high-rise residential, commercial, leisure and hospitality developments |
| Services | Property and facilities management, hotel management, schools |
| Revenue | US$ 63,978.9 million (2023) |
Net income | US$ -899.7 million (2023) |
| Total assets | US$ 252,923.9 million (2023) |
| Total equity | US$ 29,522.6 million (2023) |
Number of employees | 69,932 (2023) |
| Subsidiaries | Country Garden Properties (Malaysia) Sdn. Bhd., Country Garden Danga Bay Sdn. Bhd. |
| Website | www |
In October 2023, the company announced that it was unable to fulfill its offshore debt obligations and was subsequently deemed in default on approximately US$11 billion of bonds, making it another victim of the 2020–2023 Chinese property sector crisis.