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Country Garden projects continued weakness in China property market

Construction site of residential buildings by Chinese developer Country Garden in Tianjin

Chinese property developer Country Garden has projected that the country's property market will continue to face challenges and remain weak in 2024. This assessment comes as the real estate industry in China has been grappling with tightened regulations and a slowing economy in recent years.

Country Garden, one of China's largest property developers, has expressed a cautious outlook for the coming years. The company expects that the challenges faced by the property market will persist, with factors such as policy restrictions and an overall economic slowdown contributing to the continued weakness.

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