A tranquil #CountryGarden near Spilsby in Lincolnshire unfolds with vibrant flowerbeds, lush rhubarb leaves, and sweeping lawns under a dramatic summer sky. The #SummerLandscape is framed by towering old trees, with splashes of color from blooming roses and other seasonal flowers in a carefully tended #FlowerGarden. Surrounded by historic countryside, the area is known for its scenic walks and charming rural character, perfect for a slow-paced afternoon. The #LushGreenery and layered #ScenicView create a peaceful retreat typical of England’s classic walled and ornamental gardens.

Taken Jun 2025

#ShotOniPhone #UKCountryPic #Photography #MastoGPT #CountryGarden #SummerLandscape #FlowerGarden #LushGreenery #ScenicView #OrchardCottage #Spilsby #England #UnitedKingdom

Last week, #CountryGarden revealed that it had missed an #InterestPayment worth around 66 million yuan ($9.1 million) for #OnshoreBonds due May 9. It had already defaulted on its #OffshoreDebt.

Had #CountryGarden failed to pay within a 5 day grace period, then the guarantor— state-owned #ChinaBondInsurance—would have paid instead. #PropertyMarketCrisis

Beijing narrowly escapes having to cover the debts of developer Country Garden
https://fortune.com/asia/2024/05/13/country-garden-makes-interest-payment-avoids-guarantor-paying-debt-china-real-estate-crisis/

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#ForestCity started to be built by #China’s largest property developer, #CountryGarden, in 2016 and was set to be home to one million residents.

But although it was aimed at middle-class people, with the average apartment in the development retailing for $1.14 million (£905,000), the price was far out of reach for most #Malaysians. #Malaysia

Inside abandoned £80,000,000,000 #GhostCity where skyscrapers stand empty
https://metro.co.uk/2024/05/12/inside-malaysias-abandoned-80-000-000-000-ghost-town-forest-city-20823415/?ITO=msn

It's a disaster decades in the making - we're just witnessing the tail end of it.

CNBC's video excellently summarizes the debacle in just 8+ minutes.
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#China's top #RealEstate developers, #Evergrande and #CountryGarden, have defaulted on their debts. But the issues in China's #PropertyMarket have much deeper roots. #PropertyMarketCrisis

How China's property bubble burst | Watch
https://www.cnbc.com/video/2024/02/29/how-chinas-property-bubble-burst.html

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