In June 2014, Country Garden opened its first property outside of Asia, a residential development in suburban Sydney, Australia. Country Garden’s portfolio of developments includes residential, retail and parking garages.
The company had 209 projects underway at the end of June, including 82 in Guandong Province, its headquarters market. Country Garden generates about two- thirds of its revenue outside of southern China, in other parts of the mainland and overseas, initially in Malaysia and now in Australia.
Established in 1992, Country Garden operates in property development, construction, decoration, property management, and hotel operations. It builds primarily in the suburbs around first tier cities and selected smaller markets with substantial growth potential. It was listed on the Hong Kong Stock Exchange in 2007.
Net income improved 26 percent to $880 million on a 43 percent revenue increase to $6.2 billion, in the first half of 2014. For the full year 2013, net income rose 28 percent to $1.4 billion on a 54 percent revenue jump to $10.2 billion.