Here is a list of the day’s latest China real estate news collected from around the web:
- Swire Properties Underlying Net Almost Triples on Mall Sale
Swire Properties Ltd. (1972), the Hong Kong commercial landlord spun off from its parent in January, said 2011 underlying profit almost tripled on a one-time gain from the sale of a shopping mall in the city.
- China Overseas Land profit up 21.5 pct, tough times ahead
China Overseas Land & Investment, the country’s largest developer by market value, posted a 21.5 percent rise in full-year net profit on Thursday and said it expected restrictive property policies to remain in place for some time.
- China Developers Extend Loss After Wen Comments
China’s property stocks extended declines after Premier Wen Jiabao said the country’s home prices are far from a reasonable level, denting hopes real estate curbs will be eased.