Swire Properties Underlying Profit Rises on Rental Income – and more of Today’s China Real Estate Links | August 13, 2012

Here is a list of the day’s latest China real estate news collected from around the web:

• China’s Industrial Activity Growth Slowed to 9.2 Percent in July

  The weakest increase in China’s industrial production seen in more than three years has given rise to speculation that the country might further ease its monetary policies to stoke economic growth. The rate of increase for industrial production slowed to 9.2 percent year-on-year in July from 9.5 percent in the previous month, according to the National Bureau of Statistics. The July figure came in below the rate of 9.7 percent called for in a previous forecast. Economists said the unexpectedly slow increase could prompt the government to adopt more monetary easing.

• China Overseas Land raises sales forecast after H1 profit rise

  China Overseas Land & Investment Ltd, the mainland’s largest home builder by market value, reported on Friday a 9.3 percent rise in first-half core profit, a little lower than expected, but booked stronger sales than its peers amid a property slowdown. The luxury home builder also increased its sales target for the year by 25 percent, to HK$100 billion.

• Swire Properties Underlying Profit Rises on Rental Income

  Swire Properties Ltd. (1972), the Hong Kong commercial landlord whose tenants include Time Warner Inc., said first-half underlying profit rose 3.8 percent on rental income growth from its office and shopping malls in the city and mainland China. Swire Properties’ profit excluding real estate revaluation rose to HK$2.44 billion ($315 million), from HK$2.35 billion a year earlier, the company said in a statement to Hong Kong’s stock exchange today.

• Banyan Tree to Open Shanghai North Bund Hotel in October

  Shanghai’s Bund is a waterfront boulevard famous for its architectural mishmash of buildings from the art deco period to neo-gothic and romanesque styles. Many buildings house hotels, among them the legendary Peace Hotel, the Waldorf Astoria, Astor House and the Hyatt. They are to be joined by a new kid on the North Bund, Banyan Tree Shanghai, which claims it will trump all by becoming the first hotel to have Shanghai River views from every suite.

This list is updated daily, so tune in again tomorrow for more up to date information, or subscribe to our daily email news digest to get this delivered to your mailbox.