Midland Holdings

A very Christian comeback

Albert Wong Kam-hong plans to build a Noah's Ark, with animals, on a plot of land he and his wife bought in the Philippines. Photo: May Tse

Albert Wong Kam-hong is bouncing back from tragedy in his own unique way. The 50-year-old former deputy chairman of Midland Holdings is set to soon emerge from a one-year self-imposed hibernation to build a Noah's Ark, complete with animals, in the central Philippines.

Monday, 6 May, 2013, 3:34am


Several major property agencies are to expand as developers launch more new projects in the second half of the year. Centaline Properties is expected to increase its number of branches to about 330 from 305, while Midland Realty will increase its workforce by about 20 per cent to about 3,000.

6 Jul 2012 - 12:00am

Ex-Midland chief denies playing role in protest

Midland Holdings' former deputy chairman has denied market speculation that he orchestrated a protest in February by hundreds of property agents who demanded full payment of their commissions.

Albert Wong Kam-hong says he was then taking care of his dying son at a hospital.

'The accusation is unfounded and defamatory,' Wong said.

4 May 2012 - 12:00am

Agents rein in expansion and seek rent cuts

Real estate agencies are bidding for cuts in their branch rents and slowing their expansion into new outlets to weather falling commission incomes as deal volumes plunge to their lowest levels since March 2009.

12 Oct 2011 - 12:00am

Property firm in search of experienced legal counsel

A prestigious and reputable listed property agency in Hong Kong, the mainland and Macau is keen to invite a high-calibre professional to join its booming team.

In business for more than 35 years, Midland Holdings has a knack for anticipating market trends but also operates on the guiding principle that customers come first.

3 May 2008 - 12:00am

Ruling on workers' commissions takes effect

An amendment to the Employment Ordinance requiring that workers' commission payments be included in the calculation of sick leave and holiday pay took effect yesterday. The legislation, which some employers have said will add greatly to their costs, has been blamed for a recent surge in requests by employers to staff to ditch employment contracts and become self-employed.

14 Jul 2007 - 12:00am

Diversity pays dividends

A dynamic wealth management firm is thriving after starting out as an offshoot of a local property company

One of Hong Kong's largest property agencies has carved a niche in the city's competitive financial advisory sector by tapping into its ready pool of real estate clients.

23 Jun 2007 - 12:00am

Midland to sell shop brokerage unit to EVI

Midland Holdings, a Hong Kong-listed property agency, has agreed to sell its office and shop brokerage business to 51.81 per cent-owned Growth Enterprise Market-listed EVI Education Asia for HK$640 million.

3 Apr 2007 - 12:00am

Sharp fall in property sales shrinks Midland profit 31pc

Midland Holdings, one of the top two property agencies in Hong Kong, yesterday reported underlying profit fell 31 per cent last year as property sales dropped significantly.

Its underlying profit fell to HK$137 million for the year to December from HK$198 million in 2005, while turnover slid 15 per cent to HK$1.97 billion.

13 Mar 2007 - 12:00am

Results diary

Today Final: Aluminum Corporation of China

March 12 Final: China Infrastructure Machinery Holdings, Midland Holdings, Playmates Holdings

March 13 Interim: WLS Holdings

10 Mar 2007 - 12:00am

Rental, staff expenses erode Midland profits

Lower commission income, higher rental expenses and increasing staff costs drove Midland Holdings into the red in the second half of last year, but the property agency was still able to post full-year profits of $213.62 million, which were down 35.4 per cent from 2004.

The firm earned $232.98 million in the first half but made a loss of $20 million in the second half.

10 Mar 2006 - 12:00am

Agents elbow out retail tenants

Real estate outlets are mushrooming at housing estates and developments in a fierce show of rivalry

Real estate agents are making their presence strongly felt on housing estates, even elbowing out long-time occupants of commercial spaces in order to set up shop.

7 Sep 2005 - 12:00am

Macau real estate agency bombed

Small blast shatters glass door; Midland Realty says it had not received threats

A bomb exploded at the entrance to a Macau branch of real estate agency Midland Realty yesterday, shattering a glass door but injuring no one.

The branch is located on May First Avenue in Areia Preta, a northeastern district of Macau.

6 Sep 2005 - 12:00am

Estate agents want a voice

Industry seeks a seat in Legco to enable it to air its views

Estate agents, defying public criticism over misconduct in the industry, are seeking a seat in the next Legco election in 2009 to protect their interests.

3 Aug 2005 - 12:00am

Midland bulks up for the competition

Midland Realty (Holdings) plans to add 70 branches for a combined 410 by the end of the year to fend off competition, according to executive director Lam Fung-fong. Midland had already opened about 30 branches this year, she said. 'Competition will intensify while the property market continues to grow this year.

16 Apr 2005 - 12:00am