Reality check, as Country Garden sells down a barely started Australia project

Country Garden to sells barely started Australian project to Frasers

Sky News Business Editor Ross Greenwood says a new report from China shows new-home prices in 70 cities fell another 0.3 per cent last month. Country Garden - one of its biggest players - is in the final hours of negotiation before it's expected to default on bond payments that are due and that is really bad,” Mr Greenwood said. “While China is a basket case for Country Garden the less than verdant plains of Wilton Greens 80 kilometres south-wes…

Reality check, as Country Garden sells down a barely started Australia project

By Byron Kaye WILTON, Australia (Reuters) - Four years after Chinese property giant Country Garden launched a A$2 billion ($1.27 billion) development of 3,600 homes an hour's drive southwest of Sydney, the outer suburban site remains a sparse field with fewer than 50 houses under construction. The "masterplanned community" of Wilton Greens that has promised buyers shady, tree-lined streets, sporting fields, bike paths, parks and a new local …

Reality check, as Country Garden sells down a barely started Australia project

Reality check, as Country Garden sells down a barely started Australia project Four years after Chinese property giant Country Garden launched a A$2 billion ($1.27 billion) development of 3,600 homes an hour's drive southwest of Sydney, the outer suburban site remains a sparse field with fewer than 50 houses under construction.The "masterplanned community" of Wilton Greens that has promised buyers shady, tree-lined streets, sporting fields, bik…

Reality check, as Country Garden sells down a barely started Australia project

WILTON, Australia: Four years after Chinese property giant Country Garden launched a A$2 billion (US$1.27 billion) development of 3,600 homes an hour's drive southwest of Sydney, the outer suburban site remains a sparse field with fewer than 50 houses under construction. The "masterplanned community" of Wi

Country Garden to sells barely started Australian project to Frasers

Sky News Business Editor Ross Greenwood says a new report from China shows new-home prices in 70 cities fell another 0.3 per cent last month. Country Garden - one of its biggest players - is in the final hours of negotiation before it's expected to default on bond payments that are due and that is really bad,” Mr Greenwood said. “While China is a basket case for Country Garden the less than verdant plains of Wilton Greens 80 kilometres south-wes…

Country Garden to sells barely started Australian project to Frasers

Sky News Business Editor Ross Greenwood says a new report from China shows new-home prices in 70 cities fell another 0.3 per cent last month. Country Garden - one of its biggest players - is in the final hours of negotiation before it's expected to default on bond payments that are due and that is really bad,” Mr Greenwood said. “While China is a basket case for Country Garden the less than verdant plains of Wilton Greens 80 kilometres south-wes…