That has left Country Garden, once China's biggest private developer, which on Wednesday reiterated it was unlikely to meet all of its offshore debt repayments amid liquidity problems, trying to sell a project that is barely started and mired in uncertainty. Unlike Country Garden's other global projects, its financial exposure in Australia is mostly land purchase price and costs associated with subdivision. Country Garden Australia CEO Guotao Hu said in a statement the company's Australian assets "continue to perform well, in line with normal market behaviour and as planned". Country Garden did not disclose a purchase price when it announced the subdivision project in 2019, with a declaration at the time that "Risland is with the Wilton community for the long term". The Chinese firm has not said how much it hopes to make by selling most of the project.

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Persons: Sebastian Pfautsch, Wilton, Suzy Brandstater, it'll, it's, Guotao Hu, Byron Kaye, Jamie Freed Organizations: HK, Wilton Greens, University of Western, Garden, Thomson Locations: Sydney, WILTON, Australia, Malaysia, Forest, Sydney's outskirts, Wilton, University of Western Sydney