July Data: Contracted Sales at 22.6 Billion Yuan
Country Garden, once China's largest property developer by sales volume, reported on August 4 that its contracted sales for July 2026 reached approximately 22.6 billion yuan, with attributable contracted gross floor area sold of approximately 280,000 square metres. The figure marks a continued structural contraction for a developer that has seen its once-dominant market position erode amid the prolonged sector downturn.
Cumulative Jan–Jul: 165.1 Billion Yuan
Year-to-date through July, Country Garden's cumulative attributable contracted sales amounted to 165.1 billion yuan, reflecting the cumulative toll of weak buyer sentiment, project delivery delays and financing constraints that have weighed on most private developers since 2021.
Where It Stands in Context
- Monthly contracted sales: ~22.6 billion yuan (July 2026)
- Floor area sold: ~280,000 m² (July 2026)
- Jan–Jul cumulative: ~165.1 billion yuan
- Comparison (historical peak): Country Garden once sold over 100 billion yuan per month during the 2020–2021 boom
Wider Developer Sector Dynamics
Country Garden's July result reflects the broader challenges facing China's private property developers. According to CIA data, the 100-city new-home average price rose only 0.26% MoM in July, with 64 of 100 cities still seeing prices fall. Secondary-home prices declined 0.44% MoM across the board. Against this backdrop, contracted sales figures across the sector have structurally re-rated downward from their 2020–2021 peaks.
What Comes Next
The developer has been working through debt restructuring negotiations and asset disposal plans. Deliveries remain a focal point: in prior reporting periods, Country Garden emphasised that ensuring home completions — not sales growth — is its top priority. With 165.1 billion yuan in Jan–Jul cumulative sales, the company faces a significant shortfall versus its pre-downturn performance and will need sustained policy support and buyer confidence recovery to stabilise revenues through year-end.