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Wharf Holdings

Swire’s Two Taikoo Place rises above other buildings in the Taikoo Place complex in Quarry Bay, Hong Kong. Photo: Swire Properties

Swire Pacific, Wharf results dragged down by Hong Kong, China property markets

Subdued office rentals hit Swire Properties, while sluggish residential sales do the most damage to Wharf.

Subdued office rentals hit Swire Properties, while sluggish residential sales do the most damage to Wharf

8 Aug 2024 - 5:59PM

Wharf, REIC warn of rare losses as foot traffic falls at Hong Kong malls

29 Jul 2024 - 4:43PM

Louis Vuitton returns to Hong Kong’s Times Square after 3-year gap

29 Apr 2024 - 8:17PMvideocam

Wharf sees more struggles ahead in China after weak 2023 property sales, profit

‘China faces considerable domestic challenges, from a sluggish property market to weak consumer sentiment, Wharf says. After a poor result in 2023, more time is needed to revive the property markets, it says.

12 Mar 2024 - 7:25PM

Hong Kong skyline, showing the Tsim Sha Tsui waterfront, from SKY100 Observation Deck, in July 2023. Photo: Elson Li

Wharf Reic aims to stimulate spending with promotions after posting flat profit

Harbour City and Times Square owner’s full-year 2023 profit fell 3 per cent to US$767.3 million even as revenue jumped 7 per cent. The company hopes to overcome headwinds through promotional activities with the Hong Kong government.

7 Mar 2024 - 5:33PM

Chinese buyers return to Hong Kong’s luxury property market as activity picks up

Hong Kong’s luxury property segment is showing signs of a revival, with mainland buyers returning to the market. Analysts expect developers to ramp up supply amid increasing demand and lower rates ahead.

21 Jan 2024 - 3:51PMvideocam

Hong Kong CEOs to focus on finances, sustainability in 2024 amid property stress

CEOs of major landlords and developers in Hong Kong say priorities for 2024 include offering tenants new, sustainable services and diversifying portfolios.

1 Jan 2024 - 12:33PM

“Sunflower Field” is set up at Summerfest 2023 at the Central Harbourfront Event Space on July 10, 2023. Photo: Sam Tsang

Here are a few Hong Kong companies that began before the Post in 1903

At least a dozen of those companies that preceded the 1903 birth year of the South China Morning Post remain to this day.

15 Nov 2023 - 6:26PMvideocam

Aiding Hong Kong’s disadvantaged means more than giving money: Wharf chairman

Establishing a two-way dialogue between businesses and the recipients of help is crucial for both societal welfare and mitigating talent-related difficulties in the city, Stephen Ng says.

22 Oct 2023 - 3:00PM

Hong Kong developer Wharf calls for review of market curbs

29 Sep 2023 - 10:48AM

02:31

Exclusive | Hong Kong developer calls for review of stifling property curbs to end the rot

A comprehensive review of Hong Kong’s decade-old anti-speculation property curbs is long overdue, according to developer Wharf. Recent measures are not enough to overturn the current slump, chairman Stephen Ng says.

29 Sep 2023 - 11:08AMvideocam

Stephen Ng Tin-Hoi, chairman of Wharf (Holdings), has called for a review of Hong Kong’s property policies. Photo: Xiaomei Chen

Hong Kong landlord Wharf Reic recovers to post US$230 million first-half profit

Wharf Reic reported a net profit of HK$1.8 billion (US$230 million) for the first half versus a HK$1.5 billion loss a year earlier, but said recovery was ‘impeded by global geopolitical and economic uncertainties’.

7 Aug 2023 - 4:32PMvideocam

Hong Kong property heir drops US$7.6 million on a luxury home

As the Hong Kong-China border reopens, the outlook of the city’s luxury property market seems to be picking up – so how is property heir Douglas Woo’s most recent purchase boosting sentiment?

31 Mar 2023 - 3:40PM

Hong Kong’s Wharf sees 2022 profits plunge as pandemic hits property revenues

The developer saw every segment of its operations in Hong Kong and mainland China slow down, with net profit for the year falling 92 per cent amid what the company called ‘weak markets’ and ‘pandemic woes’.

9 Mar 2023 - 6:30PMvideocam

Shoppers at Wharf’s Times Square shopping centre in Causeway Bay. Photo: Jonathan Wong

Wharf Reic reports loss of HK$1.47 billion for Covid-ravaged first half

Revenue declined 17 per cent compared with the first half of 2021, but the company reported a 3 per cent increase in underlying net profit while issuing a cautious outlook.

4 Aug 2022 - 8:28PMvideocam

The Harbour City shopping centre in Tsim Sha Tsui is quiet under Hong Kong’s tightened social-distancing rules on February 16, 2022. Photo: SCMP / Nora Tam

Wharf Reic warns of losses as value of properties erodes amid weak economy

Wharf Reic, which is controlled by tycoon Peter Woo Kwong-ching, expects to slip into an interim loss as the value of its investment properties has suffered under poor business conditions.

14 Jul 2022 - 8:00PMvideocam

Wharf slashes China homes sales guidance amid tough operating environment

Hong Kong-listed Wharf (Holdings) has cut its home sales guidance in mainland China to 9 billion yuan (US$1.4 billion), the lowest in over a decade, amid an uncertain market outlook.

9 Mar 2022 - 10:10PM

Wharf Reic says unless economy recovers, situation will be ‘difficult to deal with’

Wharf Real Estate Investment Company (Wharf Reic), which owns the Harbour City and Times Square shopping centres in Hong Kong, said it expected business to be difficult amid Hong Kong’s most serious Covid-19 outbreak yet.

3 Mar 2022 - 9:53PMvideocam

Wharf’s Harbour City shopping centre in Tsim Sha Tsui. Footfall at shopping centres suffered a big drop in the first two months of this year, says Stephen Ng, the company’s chairman and managing director. Photo: Nora Tam

Hong Kong flat becomes most expensive in Asia by square foot

Flat 16D and three car parking spaces on Mount Nicholson sold for HK$639.796 million, or HK$140,800 per square foot, a record in Asia

10 Nov 2021 - 11:16PM

Yoga centre to shut near world’s costliest shopping strip amid rent quibbles

Fivelements is the latest to pull back, as businesses grapple with how to price Hong Kong’s commercial real estate while consumption is yet to fully recover.

3 Sep 2021 - 9:21AM

Supply of luxury Hong Kong homes to hit new high after demand more than doubles

The supply for luxury homes in Hong Kong’s ultra-exclusive neighbourhood of The Peak is likely to hit its highest level since 2016, after demand spurred sales of mansions and high-end flats in the district by more than double in the 12-month period ending in June, according to Colliers.

23 Aug 2021 - 9:22PM

Luxury apartments and residential buildings on The Peak. Photo: Roy Issa

Hong Kong’s luxury home sales bolster Wharf’s interim results

The resurgent sales of luxury homes underscores how the Covid-19 pandemic has not impeded the fortunes or spending habits of the wealthy class.

10 Aug 2021 - 10:23PM

Aerial view of the Mount Nicholson luxury homes project, developed by Wharf Holdings, in Hong Kong, in June 2019. Photo: Martin Chan

Hong Kong’s deluxe homes await China border opening for next leap

Individual and corporate real estate investors from the mainland had been the lifeblood that had sustained the eye-popping prices of Hong Kong’s property industry in the past decade, from multimillion dollar mansions to some of the world’s most expensive offices in marquee addresses in Central.

23 Jun 2021 - 8:26AM

Hong Kong developers pile into mega land sale in nod to city’s outlook

The sale of the land is also a crucial test of the so-called two envelope approach, which awards the winning bid on the merit of designs, planning and their congruence with the surrounding, in addition to beating the minimum reserve price.

19 Jun 2021 - 11:54AM

Parking spot fetches US$1.3 million at Hong Kong’s Mount Nicholson

A car parking bay at the exclusive Mount Nicholson development on The Peak fetched over HK$10 million (US$1.3 million), smashing a world record set in 2019.

7 Jun 2021 - 3:49PMvideocam

An aerial view of the Mount Nicholson luxury development on The Peak. Photo: Martin Chan

Wharf REIC reports decline in net profit, projects ‘cloudy’ outlook for 2021

Wharf REIC, owner of Times Square and Harbour City luxury malls, says the Covid-19 pandemic might continue to weigh on its retail and hotel operations in Hong Kong this year.

5 Mar 2021 - 10:30AMvideocam

The shuttered Fendi shop, above, and closed Louis Vuitton store, bottom, in Times Square. Photo: May Tse

Wharf seeks tenants for HK$1 million-a-month house on The Peak

The 10,804 square feet house on 11 Plantation Road requires potential tenants to lodge a HK$1 million deposit.

24 Feb 2021 - 1:20PM

Wharf breaks own record set less than two months ago for Peak plot

A consortium led by a subsidiary of The Wharf (Holdings) outbid four rivals to win a second parcel on The Peak for US$935.2 million.

9 Feb 2021 - 10:51PMvideocam

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Wharf Holdings

Originally known as The Hong Kong and Kowloon Wharf and Godown Company, Ltd, The Wharf Holdings Ltd was founded in 1886 and is used to run wharfage and dockside warehousing. Its operations now span property, hotels, transport and warehousing. It owns the iconic Star Ferry, two major flagship properties in the Harbour City and Times Square shopping centres in Hong Kong, i-CABLE, Cable TV, Wharf T&T, and Modern Terminals.

last updated:

14 August, 2024