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Country Garden’s trumpeted overseas house crumbles
碧桂園海外霸業折㦸沉沙

The debt-hobbled former property leader is quietly exiting its many overseas projects to raise cash, as it also faces policy uncertainties abroad.
曾經雄心壯志要在海外大展拳腳的碧桂園,因經濟問題及外地國家政策左搖右攞影響,將陸續退出海外項目。

A decade ago when it was on the rise, Country Garden Holdings Co. Ltd. (2007.HK), having conquered its home China market by feeding an endless appetite for homes from property-hungry Chinese, set its sights it overseas. The Asia Pacific market topped the list of destinations for then-Chairman Yang Guoqiang, who acted swiftly by investing in Malaysia, Thailand, Indonesia and Australia. By 2017, the company was working on 17 projects in the region.

作者劉智恆,本文僅代表作者觀點。

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