Jan 17, 2024 05:10 AM

BUSINESS

Country Garden Pledges to Deliver More Than 480,000 Homes in 2024

By Wang Jing and Denise Jia

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A residential complex developed by Country Garden in Nanjing on Jan. 2, 2024.

A residential complex developed by Country Garden in Nanjing on Jan. 2, 2024.

Chinese property developer Country Garden Holdings Co. Ltd. vowed to deliver more than 480,000 homes in 2024, a more modest target than 2023 after it failed to achieve its 700,000-unit goal last year.

The focus of 2024 is still to “guarantee delivery, guarantee operation and guarantee credit,” of which delivery is the bottom line that Country Garden “must firmly hold,” Chairwoman Yang Huiyan said at the developer’s annual meeting Monday.

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