Country Garden (Chinese: 碧桂园; pinyin: Bìguìyuán; SEHK: 2007) is a property development company based in Guangdong, China, owned by Yang Guoqiang‘s family. In 2020, it is ranked 147th in Fortune Global 500 List.[1] Country Garden features a market capitalization of over US$29.84 billion as of 2018;[5] with more than 200 high-end township developments throughout China, Malaysia and Australia among its vast international project portfolio. The company is incorporated in Cayman Islands.[1]
Established in 1992[6] in Shunde, Guangdong, Country Garden was listed on the Hong Kong Stock Exchange on April 20, 2007, making billionaires of five of its shareholders.
Founder Yang Guoqiang built the company from scratch, having previously worked as a farmer and on construction sites.[7] The company now has interests in property development, construction, fitting and decoration, property management and hotel operations in a wide variety of global markets. In 2014, Country Garden was ranked the 6th largest property developer in China by sales revenue.[8]
In 2005, Yang transferred his shares in Country Garden Holdings Company Limited to his daughter, Yang Huiyan. In October 2007, she was declared the richest woman in Asia by Forbes magazine, with a net worth of US$16 billion.[9]
Country Garden’s first venture outside of China is the Country Garden Danga Bay (CGDB) coastal development in Johor Bahru, Iskandar Malaysia,[2] with a sales figure of US$1.57 billion (MYR5.0 billion) on the day of its official launch.[10] Similarly, its second Malaysian project in Semenyih, Selangor termed Country Garden Diamond City had 70% of its total units for Phase 1 sold in early June 2014.
‘Risland Australia’,[11] Country Garden’s overseas venture in Sydney also garnered strong sales, with 296 apartments at its Ryde Garden[3] development sold within six hours in late June 2014; generating US$169 million (AUD180 million) in the process.[12]
Source: https://en.wikipedia.org/wiki/Country_Garden
