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Country Garden nears full exit from Australia after final estate sale

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Embattled Chinese housing giant Country Garden has nearly completed its exit from Australia after the sale of its last remaining estate, Wilton Greens, to another Chinese developer, 11 years after it first entered the market.

Country Garden, which operates locally as Risland Australia, put the 330-hectare, undeveloped portion of the 364-hectare south-western Sydney estate up for sale last August.

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Campbell Kwan covers commercial and residential real estate for The Australian Financial Review, based in the Sydney newsroom. He was previously the breaking news reporter. Email Campbell at campbell.kwan@afr.com

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    Original URL: https://www.afr.com/property/commercial/country-garden-nears-full-exit-from-australia-after-final-estate-sale-20240118-p5eybv