{"id":125669,"date":"2022-03-30T19:51:07","date_gmt":"2022-03-30T12:51:07","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-property-crackdown-top-developer-country-garden-posts-profit-decline\/"},"modified":"2022-03-30T20:45:54","modified_gmt":"2022-03-30T13:45:54","slug":"chinas-property-crackdown-top-developer-country-garden-posts-profit-decline","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-property-crackdown-top-developer-country-garden-posts-profit-decline\/","title":{"rendered":"China\u2019s property crackdown: top developer Country Garden posts profit decline"},"content":{"rendered":"


\nChina\u2019s largest property developer Country Garden Holdings posted another year of profit decline as cracks widened in the country\u2019s US$1.7 trillion housing market. The Shenzhen-based company, ranked at the top of its industry by sales in China, reported on Wednesday a core net profit of 26.93 billion yuan (US$4.2 billion) in the 12 months ended December 31, down nearly 17 per cent from a year earlier, when the Covid-19 pandemic broke out. The firm sold 558 billion yuan worth of homes last year,\u2026
\n
\nSource : South China Morning Post
\nRead more…China\u2019s property crackdown: top developer Country Garden posts profit decline<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China\u2019s largest property developer Country Garden Holdings posted another year of profit decline as cracks...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-125669","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-wGV","jetpack-related-posts":[{"id":96401,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-largest-developer-country-garden-posts-80-per-cent-increase-in-first-half-core-net-profit\/","url_meta":{"origin":125669,"position":0},"title":"China\u2019s largest developer Country Garden posts 80 per cent increase in first-half core net profit","date":"August 21, 2018","format":false,"excerpt":"\r Country Garden Holdings, China\u2019s largest developer by sales, on Tuesday reported an 80.2 per cent increase in core net profit in the first half of the year, despite a slowdown in sales growth amid government cooling measures on the property market. Core net profit, which excludes valuation gains and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":49112,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/country-garden-posts-better-than-expected-profit-up-22-per-cent\/","url_meta":{"origin":125669,"position":1},"title":"Country Garden posts better-than-expected profit, up 22 per cent","date":"March 22, 2017","format":false,"excerpt":"\r Country Garden, China\u2019s second largest developer, reported better-than-expected profit growth for 2016, driven by strong house sales in smaller cities. Core profit, which excludes valuation gains and foreign exchange losses, rose 22 per cent from a year earlier to 12 billion yuan, the company said in a statement to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105123,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-biggest-developer-country-garden-sees-2018-core-profit-beat-estimates-but-analysts-are-not-convinced-about-future-earnings\/","url_meta":{"origin":125669,"position":2},"title":"China\u2019s biggest developer, Country Garden, sees 2018 core profit beat estimates, but analysts are not convinced about future earnings","date":"March 18, 2019","format":false,"excerpt":"\r Country Garden Holdings, China\u2019s biggest property developer by sales, has reported profit slightly ahead of estimates, though analysts said they are worried about its ability to continue to deliver.The Guangdong-based builder\u2019s core profit rose 38.2 per cent last year to 34.13 billion yuan (US$5.08 billion). That just beat the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8016,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-country-garden-sees-net-profit-fall-28-per-cent\/","url_meta":{"origin":125669,"position":3},"title":"Chinese developer Country Garden sees net profit fall 28 per cent","date":"March 15, 2016","format":false,"excerpt":"\r Country Garden, one of the largest home builders in China, saw its net profit decline 28 per cent last year to 8.45 billion yuan (HK$10 billion), mainly due to a 900 million yuan foreign exchange loss.\r \r Source : South China Morning Post\r Read more...Chinese developer Country Garden sees\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":125628,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-longfor-group-posts-20-per-cent-profit-rise-for-2021-avoiding-debt-crisis-engulfing-chinas-property-market\/","url_meta":{"origin":125669,"position":4},"title":"Developer Longfor Group posts 20 per cent profit rise for 2021, avoiding debt crisis engulfing China\u2019s property market","date":"March 25, 2022","format":false,"excerpt":"\r Chinese developer Longfor Group Holdings has posted a profit gain of 20 per cent for last year, managing to weather a crisis in China\u2019s property industry triggered by defaults among some of its heavily indebted peers.Chongqing-based Longfor said its core profit reached 22.44 billion yuan (US$3.52 billion), up by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":57080,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-big-developers-saw-sales-decline-in-may-on-property-curbs\/","url_meta":{"origin":125669,"position":5},"title":"China\u2019s big developers saw sales decline in May on property curbs","date":"June 6, 2017","format":false,"excerpt":"\r China\u2019s top three mega developers, which represent a tenth of the country\u2019s market, saw their contracted sales drop 14.4 per cent month on month in May as property tightening measures continue to weigh on the market and developers delay sales amid price controls. The big three delivered combined sales\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/125669"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=125669"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/125669\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=125669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=125669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=125669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}