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Wharf Holdings

Construction workers on a residential site in North Point. Photo: Elson Li

Hong Kong developers plan nearly 18,000 new flats amid rate cuts

The government has approved presale consent for several projects, with developers eager to offload unsold inventory.

Wharf Hotels announces a comprehensive rebranding of Marco Polo Hotels

In partnership with:
Wharf Hotels

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

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

The rare warnings show how Hong Kong’s consumption slump is trickling down to the bottom lines of the city’s shopping centre operators and landlords.

A view of Times Square shopping mall during the Easter public holidays on 31 March 2024. Photo: Martin Chan

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

Louis Vuitton is returning to Times Square, three years after the French luxury brand shut its store, a sign of a brighter outlook for Hong Kong’s luxury retail market.

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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.

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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.

Shoppers are seen outside Harbour City shopping centre on Canton Road in Tsim Sha Tsui. Photo: Jonathan Wong

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.

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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.

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.

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A.S. Watson chemist in Alexandra House, Central, in the early 20th century. Photo: courtesy AS Watson

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.

Stephen Ng Tin-Hoi, chairman and managing director of The Wharf (Holdings), photographed in Tsim Sha Tsui on September 26, 2023. Photo: Xiaomei Chen

Hong Kong developer Wharf calls for review of market curbs

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.

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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’.

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Wharf Reic, the owner of Times Square shopping mall, benefited from the border reopening to post a profit for the first half. Photo: Robert Ng

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?

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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’.

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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.

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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.

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Shoppers at Times Square in Causeway Bay on June 30. Photo: Jonathan Wong

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.

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.

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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

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The pool at Mount Nicholson. Photo: Wheelock

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.

Fivelements Habitat at Times Square in July 2019. Photo: Jonathan Wong

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.

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.

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.

The Mount Nicholson project at The Peak on Hong Kong Island on June 26, 2019, where 58 per cent of the 15 mansions and 38 luxury apartments are owned by mainland Chinese buyers. Photo: Martin Chan

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.

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Site 3 Connaught Place in the foreground, with the General Post Office built in 1976 in the background as of June 10, 2021. Photo: Martin Chan

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.

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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.

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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.
Chairman / President
Stephen T.H. Ng
CEO / Managing Director
Stephen T.H. Ng
CFO / Finance Director
Paul Yiu Cheung Tsui
Industry
Conglomerate
Website
wharfholdings.com
Headquarters address
Wharf T&T Centre, Harbour City, 7 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong
Stock Code
SEHK:0004
Year founded
1886
last updated:
30 September, 2024
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