• Sun
  • Dec 28, 2014
  • Updated: 10:54am

Swire Properties

Swire Group, whose activities span property, aviation, beverages, marine services, and trading and industrial, is a Hong Kong listed conglomerate. It is the parent of Hong Kong carrier, Cathay Pacific Airways, and Dragonair, and Hong Kong Aircraft Engineering Co (Haeco) is a subsidiary. Swire Pacific and Swire Properties are the main listed arms of the group, which also owns Swire Hotels. 

Buyers shrug off political unrest to snap up 50 luxury flats

Arezzo at 33 Seymour Road, Mid Levels. Photo: Jonathan Wong

Two luxury residential projects released for sale yesterday met with very different responses, with the cheaper of the two, The Pavilia Hill in North Point, generating more interest than the Arezzo in Mid-Levels West.

Thursday, 9 October, 2014, 5:23am

Swire Properties ADR to trade in U.S. today

Shares of Swire Properties rose 1.11 per cent higher at HK$27.15 after the morning close. Photo: Jonathan Wong

The American Depositary Receipts (ADR) of Swire Properties will commence trading in the over-the-counter market in the United States today.

In a filing with the stock exchange, it said the number of American Depositary Shares (ADS) registered by the company under the Level 1 programme is 50 million. The Bank of New York Mellon is the sponsor.

5 Sep 2014 - 2:35pm

Interim underlying profit at Swire Properties jumps 34pc

Property sales from Mount Parker Residences helped to propel Swire Properties' operating profit to HK$807 million. Photo: Jonathan Wong

Swire Properties posted a 34.2 per cent jump in first-half underlying profit to HK$3.78 billion on strong property sales and rising rental income, with the property giant looking to build on its gains as it expected a positive performance in the second half.

15 Aug 2014 - 12:43am

Swire Properties sells Miami flats at top prices

Prices of homes at the Brickell City Centre (above) are double the average in Greater Miami.

Swire Properties has presold at record prices more than 40 per cent of the first residential tower at its large mixed-use project in Miami, Florida, as Chinese buyers lead a surge in foreign purchases of homes in the United States.

4 Aug 2014 - 5:02pm

Tai Po flat prices cut after bids for Pak Shek Kok site don't meet reserve price

The owner of a flat at Deerhill Bay cut its asking price by HK$3 million. Photo: K. Y. Cheng

Homeowners in Hong Kong wishing to sell their flats may be more willing to reduce their asking prices after the government withdrew a residential site in Tai Po from sale last week.

19 Mar 2014 - 3:36am

Swire Properties to spend HK$10b on Taikoo Place redevelopment

Swire Properties will spend HK$10 billion to turn three industrial buildings in Quarry Bay's Taikoo Place into two grade A office towers. Photo: K. Y. Cheng

Swire Properties will spend HK$10 billion over the next few years to turn three industrial buildings in Quarry Bay's Taikoo Place into two grade A office towers, making it one of the company's biggest investments in a project in a decade.

14 Mar 2014 - 4:25am

No price war for Swire at Mount Parker Residences

The clubhouse at Mount Parker Residences. Swire is offering regular discounts. Photo: Jonathan Wong

Unlike rival luxury home developers with numerous large projects due for launch, Swire Properties won't be taking part in a price war. Prices at its completed residential project, Mount Parker Residences in Quarry Bay, could set a record in the district.

12 Mar 2014 - 2:53am

Swire Properties fails to sell HK$470 million Opus luxury unit

Interior of Opus Hong Kong by Swire Properties. Photo: Nora Tam

Swire Properties failed in its bid this week to attract a buyer for a unit in its super-deluxe apartment tower, Opus, at a record-breaking reference price of HK$86,892 per square foot.

20 Dec 2013 - 3:21am 5 comments

Swire Properties' swoop for Kowloon Bay site a good sign for CBD2

The Kwun Tong district in East Kowloon, which is expected to undergo a transformation over the coming years. Photo: Felix Wong

Swire Properties last week outbid 16 other developers to win a commercial site at the junction of Wang Chiu Road and Lam Lee Street, Kowloon Bay, for HK$2.64 billion. The bid represents an accommodation value of HK$4,753 per square foot.

13 Nov 2013 - 4:01am

Swire keeps faith in rental growth in China

Swire Properties posted a 20.2 per cent gain in gross rental income in the first half of this year to HK$784 million. Photo: Simon Song

Rental growth of Swire Properties' mainland portfolio will remain strong on the back of consumers' appetite despite a slowing economy, said its mainland chief executive, noting that the Hong Kong-based commercial landlord is seeking to add more new projects.

15 Oct 2013 - 10:10am

Swire Pacific's underlying H1 profit jumps 48pc

Cathay Pacific Airways, one of Swire Pacific’s key assets, said on Wednesday that it posted a first-half interim net profit of HK$24 million, up from a restated net loss of HK$929 million in the year-earlier period. Photo: AFP

Swire Pacific said on Thursday that adjusted underlying attributable profit rose 48 per cent to HK$3.30 billion in the first half of this year, underpinned by improved earnings from the group’s property, beverage and marine services arms.

16 Aug 2013 - 3:44am

Developer Swire turns cautious on Hong Kong market

Sales from the company’s luxury development, Azura, helped underpin earnings. Photo: SCMP

Swire Properties cut its interim dividend as it adopted a cautious approach to Hong Kong office and residential markets in the second half of the year.

16 Aug 2013 - 9:45am

Swire Properties and Hong Kong Ferry thrive on new rules

Potential buyers browse through the sales brochure of Hong Kong Ferry's Green Code residential project in Fanling. Photo: Nora Tam

While their rivals have repeatedly complained against the government's tougher rules on new home sales, Swire Properties and Hong Kong Ferry have taken an entirely different tack.

4 Jul 2013 - 3:48am

Swire sold 16 Dunbar Place flats in week after 'saleable area' law started

Swire Properties, which also owns the Pacific Place shopping centre, is confident that the residential market will hold up. Photo: David Wong

Swire Properties sold 16 of the 30 units it offered for sale at Dunbar Place in Ho Man Tin in the week after new rules regulating flat sales took effect in April.

The developer generated an estimated HK$468 million from the sale of the units that went on the market on April 30, a day after the Residential Properties (First-hand Sales) Ordinance took effect.

8 May 2013 - 5:21am 1 comment

Swire first to sell homes under new 'honest marketing' rules

Swire is launching the first batch of units at Dunbar Place on Tuesday at an average HK$20,869 per square foot. Photo: Edward Wong

The developer will launch the first batch of 30 units at Dunbar Place in Ho Man Tin on Tuesday at an average of HK$20,869 per square foot in terms of saleable area.

27 Apr 2013 - 5:07am 1 comment