https://www.scmp.com/rss/26974/feed 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. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Andrea Lo Andrea Lo Step away from the high-rise blur of Central and Hong Kong Island life loosens its tie a little. The energy shifts as the city skyline gives way to sea views, hills and even stillness in some places. Perennially coveted, Mid-Levels remains one of Hong Kong’s most prestigious addresses. Elevated both literally and symbolically, it offers some of the city’s most dramatic vistas, as well as urban seclusion. Completed in 2025, The Legacy at 8 Castle Road, developed by Henderson Land, is a notable... https://www.scmp.com/directories/luxe-homes/article/3348347/hong-kongs-luxury-living-evolution-mid-levels-chai-wan?utm_source=rss_feed https://www.scmp.com/directories/luxe-homes/article/3348347/hong-kongs-luxury-living-evolution-mid-levels-chai-wan?utm_source=rss_feed Tue, 31 Mar 2026 09:00:08 +0000 Sarah Keenlyside Sarah Keenlyside “I think all artists are incredibly selfish,” says Coco Capitán from her home in Stoke Newington on a typically dreary Friday morning in London. “Art is a very self-involved activity. You’re constantly thinking about what you’re going to create next and what you have to say for yourself. It’s tiring. Sometimes my biggest dream is not to be an artist any more. But I don’t think I chose to be one, I just think I couldn’t be anything else.” She may sound like she’s on a bit of a downer – Capitán... https://www.scmp.com/postmag/culture/article/3347124/artist-coco-capitan-selfish-art-bad-bunny-and-her-hong-kong-debut-show?utm_source=rss_feed https://www.scmp.com/postmag/culture/article/3347124/artist-coco-capitan-selfish-art-bad-bunny-and-her-hong-kong-debut-show?utm_source=rss_feed Fri, 20 Mar 2026 08:00:11 +0000 Peggy Ye Peggy Ye Swire Properties reported stronger underlying earnings in 2025, as the Hong Kong developer stepped up asset disposals and expanded its mainland China retail portfolio, though weakness in the city’s office market dragged the company into a headline loss. Underlying profit rose 27 per cent to HK$8.62 billion (US$1.1 billion), driven largely by gains from the disposal of noncore assets including the Brickell City Centre retail mall in Miami and several properties in Hong Kong, according to the... https://www.scmp.com/business/article/3346391/hong-kong-developers-swire-and-wharf-report-profit-growth-amid-valuation-pressure?utm_source=rss_feed https://www.scmp.com/business/article/3346391/hong-kong-developers-swire-and-wharf-report-profit-growth-amid-valuation-pressure?utm_source=rss_feed Thu, 12 Mar 2026 12:30:11 +0000 Zhu Wenqian Zhu Wenqian Hong Kong developer Swire Properties is doubling down on mainland China retail, betting accelerated investment in larger, more mature cities – combined with its deep local knowledge – can deliver growth despite the slowing retail property market. The developer will launch its first Taikoo Place in Beijing in phases in late 2026, open a Taikoo Li in Sanya – a tropical city in the island province of Hainan – by the end of this year, and open another Taikoo Li in Xian, capital of northwestern... https://www.scmp.com/business/article/3341100/swire-properties-remains-bullish-mainland-retail-despite-slowing-market?utm_source=rss_feed https://www.scmp.com/business/article/3341100/swire-properties-remains-bullish-mainland-retail-despite-slowing-market?utm_source=rss_feed Sun, 25 Jan 2026 22:30:12 +0000 Julie Zhang Julie Zhang Guy Bradley will take the helm at Cathay Pacific Airways and Swire Coca-Cola – two of Swire Pacific’s flagship operations in Hong Kong – in May next year, succeeding Patrick Healy who will retire from the group after more than three decades of service. Currently serving as chairman of Swire Pacific, John Swire & Sons (H.K.) and Swire Properties, Bradley will expand his leadership portfolio to encompass the conglomerate’s airline and bottling operations, according to a Swire Pacific announcement... https://www.scmp.com/business/banking-finance/article/3337540/swire-pacifics-guy-bradley-take-reins-hong-kongs-cathay-pacific-swire-coca-cola?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3337540/swire-pacifics-guy-bradley-take-reins-hong-kongs-cathay-pacific-swire-coca-cola?utm_source=rss_feed Tue, 23 Dec 2025 14:12:45 +0000 Cheryl Arcibal Cheryl Arcibal Activity in Hong Kong’s ultra-luxury residential market is picking up, with Swire Properties selling two homes in Deep Water Bay for a whopping HK$2.2 billion (US$283 million). The two three-storey units at 6 Deep Water Bay Road had saleable areas of about 9,600 sq ft and 5,300 sq ft, with the transactions set to be completed in the first quarter of 2026, the developer said. Both units were acquired by the same buyer. On a per square foot basis, the deal works out to HK$147,010, “one of the... https://www.scmp.com/business/article/3337328/swire-properties-sells-2-deep-water-bay-homes-us283-million-biggest-deal-years?utm_source=rss_feed https://www.scmp.com/business/article/3337328/swire-properties-sells-2-deep-water-bay-homes-us283-million-biggest-deal-years?utm_source=rss_feed Mon, 22 Dec 2025 23:30:09 +0000 Cheryl Arcibal,Themis Qi Cheryl Arcibal,Themis Qi A company associated with Vincent Gao Leyi, the founder of Hong Kong-based hedge fund CoreView Capital, has bought a luxury home in the city’s Southern district for about HK$579 million (US$74.3 million), according to official records. Matrix Properties was identified as the buyer of House 6 at the upscale development No 15 Shouson Hill in one of the city’s most exclusive enclaves, Land Registry documents showed. According to the Companies Registry, Gao serves as a director of Matrix Properties... https://www.scmp.com/business/companies/article/3333521/hong-kong-hedge-fund-founder-buys-luxury-home-shouson-hill-us743-million?utm_source=rss_feed https://www.scmp.com/business/companies/article/3333521/hong-kong-hedge-fund-founder-buys-luxury-home-shouson-hill-us743-million?utm_source=rss_feed Thu, 20 Nov 2025 07:17:32 +0000 Cheryl Arcibal Cheryl Arcibal Credit Agricole CIB has renewed its lease for 85,000 sq ft of prime office space at Pacific Place in Admiralty, extending its tenancy until 2034, according to landlord Swire Properties. The renewal would continue a partnership spanning more than two decades, Swire Properties, one of Hong Kong’s largest commercial landlords, said in a statement on Monday. The premises – four floors at Two Pacific Place – serve as the French banking giant’s Asia-Pacific headquarters. “Pacific Place has been our... https://www.scmp.com/business/article/3332165/credit-agricole-renews-pacific-place-lease-reaffirming-commitment-hong-kong?utm_source=rss_feed https://www.scmp.com/business/article/3332165/credit-agricole-renews-pacific-place-lease-reaffirming-commitment-hong-kong?utm_source=rss_feed Mon, 10 Nov 2025 06:30:48 +0000 Julie Zhang,Cao Li Julie Zhang,Cao Li The Hong Kong International Airport (HKIA) is poised to serve as a major infrastructure for the Greater Bay Area (GBA) and markets beyond, as a fresh surge of Chinese companies moves to expand globally over the next decade, according to the head of the city’s Airport Authority. “We mustn’t see the HKIA just as an airport for Hong Kong,” said Fred Lam Tin-fuk, Airport Authority chairman, in a speech at the Standard Chartered Hong Kong Business Summit 2025 on Tuesday. “We very much see it as a... https://www.scmp.com/business/banking-finance/article/3329792/hong-kong-aviation-hub-greater-bay-area-and-markets-beyond-airport-authority-chief?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3329792/hong-kong-aviation-hub-greater-bay-area-and-markets-beyond-airport-authority-chief?utm_source=rss_feed Tue, 21 Oct 2025 08:44:06 +0000 Danielle Popov Danielle Popov Swire Coca-Cola, the bottling partner of the American drinks maker, has become the first company in Hong Kong to use locally sourced recycled plastic for its products, giving a boost to the city’s circular economy efforts. New Life Plastics, the city’s first food-grade ready plastic bottle recycling facility, has started supplying Swire Coca-Cola with locally sourced recycled polyethylene terephthalate (rPET) needed to bottle its drinks. Until now, the drinks company sourced rPET from overseas.... https://www.scmp.com/business/companies/article/3329098/coca-cola-goes-green-hong-kong-locally-recycled-pet-bottles?utm_source=rss_feed https://www.scmp.com/business/companies/article/3329098/coca-cola-goes-green-hong-kong-locally-recycled-pet-bottles?utm_source=rss_feed Wed, 15 Oct 2025 09:05:59 +0000 Salina Li Salina Li The son of former financial secretary Henry Tang Ying-yen has bought property in Kowloon, joining a growing number of affluent buyers snapping up homes in Hong Kong amid improving confidence in the residential market. Two connected units at Wheelock Properties’ Kadoorie Hill luxury project were sold for HK$36.4 million (US$4.7 million) each and handed over on October 3, according to the Land Registry. The flats were bought through two entities, Jumbo Bridge and Risking Sky. William Harry Tang... https://www.scmp.com/business/article/3328109/henry-tangs-son-buys-2-flats-wheelocks-kadoorie-hill-boost-property-market?utm_source=rss_feed https://www.scmp.com/business/article/3328109/henry-tangs-son-buys-2-flats-wheelocks-kadoorie-hill-boost-property-market?utm_source=rss_feed Tue, 07 Oct 2025 08:06:49 +0000 Daniel Ren Daniel Ren Swire Pacific chairman Guy Bradley bought a luxury property in the Southern district of Hong Kong for HK$50 million (US$6.4 million), as affluent investors continue to show confidence in the city’s home market. The low-density luxury apartment with a saleable area of 2,832 sq ft, located at 10A-10B Stanley Beach Road, was sold to Bradley at HK$17,655 per square foot, according to Midland Realty. The chairman “had been searching for an investment on Hong Kong Island because he remains optimistic... https://www.scmp.com/business/banking-finance/article/3327157/swire-pacific-boss-buys-us64-million-hong-kong-flat-investor-faith-market-rises?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3327157/swire-pacific-boss-buys-us64-million-hong-kong-flat-investor-faith-market-rises?utm_source=rss_feed Sun, 28 Sep 2025 12:13:04 +0000 Jess Ma,Ambrose Li,Elizabeth Cheung Jess Ma,Ambrose Li,Elizabeth Cheung A “highly dangerous” wartime bomb discovered in Hong Kong’s Quarry Bay on Friday was successfully disposed of at around noon on Saturday after a nine-hour effort. The defusing, which started at 2am after the evacuation of about 6,000 residents from 18 buildings near the Pan Hoi Street construction site where the bomb was found, took longer than expected due to heavy rain, police said. Hong Kong was hit by downpours from the early hours of Saturday until the afternoon because of Tropical... https://www.scmp.com/news/hong-kong/society/article/3326230/hong-kong-authorities-clear-highly-dangerous-wartime-bomb-2pm-saturday?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3326230/hong-kong-authorities-clear-highly-dangerous-wartime-bomb-2pm-saturday?utm_source=rss_feed Sat, 20 Sep 2025 02:28:23 +0000 Gavin Yeung Gavin Yeung Drink this The Aubrey Inspired by the Japanese concept of effortless beauty in simplicity, “The Art of Shibumi” is the latest cocktail menu from The Aubrey and the first from new bar manager Stefano Bussi. Across the four categories of Elegant, Refined, Imperfect and Balanced, Bussi’s creations interpret traditional Japanese aesthetics in creations such as the Flawed Martini, combining Wagyu oil, peanut butter and oyster leaf. 25/F, Mandarin Oriental Hong Kong, 5 Connaught Place, Central Eat... https://www.scmp.com/postmag/culture/article/3324475/what-do-hong-kong-september-7-13?utm_source=rss_feed https://www.scmp.com/postmag/culture/article/3324475/what-do-hong-kong-september-7-13?utm_source=rss_feed Fri, 05 Sep 2025 22:15:08 +0000 Ng Kang-chung Ng Kang-chung Hong Kong’s Swire Coca-Cola has agreed to reinstate a fired lorry driver after workers staged a strike, with a union claiming the employee’s sacking had constituted an “unfair dismissal” and discrimination against one of its members. The company’s decision followed a three-hour discussion with staff representatives on Friday night. The Swire Beverages (HK) Employees General Union later called for members to return to work on Saturday and called off any further industrial action. The union... https://www.scmp.com/news/hong-kong/society/article/3324568/hong-kongs-swire-coca-cola-reinstates-fired-lorry-driver-after-union-strike?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3324568/hong-kongs-swire-coca-cola-reinstates-fired-lorry-driver-after-union-strike?utm_source=rss_feed Fri, 05 Sep 2025 15:02:25 +0000 Cheryl Arcibal Cheryl Arcibal FWD Hong Kong has signed a decade-long lease for 330,000 sq ft of office space in Taikoo Place, marking the largest office rental deal in the city this year, according to a joint statement from landlord Swire Properties and the insurer on Wednesday. The company would consolidate and expand its presence in the Devon House building by adding four and a half floors to accommodate business growth. The expansion will make FWD the largest office tenant in Taikoo Place, a complex featuring 10 prime... https://www.scmp.com/business/article/3323327/fwd-expands-taikoo-place-office-become-largest-tenant-swire-properties-complex?utm_source=rss_feed https://www.scmp.com/business/article/3323327/fwd-expands-taikoo-place-office-become-largest-tenant-swire-properties-complex?utm_source=rss_feed Wed, 27 Aug 2025 08:20:35 +0000 Cheryl Arcibal Cheryl Arcibal Swire Properties has priced the first 120 units of a new residential project in Chai Wan at an average of HK$17,565 (US$2,249) per square foot, an 11-year low for Hong Kong Island’s Eastern district, according to agents. The price list, released on Tuesday, covers more than a fifth of the 592 units in the second and third towers of the Headland Residences. “We are encouraged by the strong market interest shown in this premium development since we introduced the sales gallery for viewing last... https://www.scmp.com/business/article/3323217/swire-properties-new-chai-wan-project-priced-11-year-low-eastern-district?utm_source=rss_feed https://www.scmp.com/business/article/3323217/swire-properties-new-chai-wan-project-priced-11-year-low-eastern-district?utm_source=rss_feed Tue, 26 Aug 2025 12:00:14 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s home sales are likely to hit a four-year high this year as buyers show an increasing willingness to commit to both new and existing residential units, according to agents. Residential transactions in the city are expected to rise 13 per cent to 64,000 this year, helped by lower prices as well as policy support that reduced the stamp duty for homes priced up to HK$4 million (US$512,000), said Wong Kin-yip, chairman of Midland Holdings, the parent company of Midland Realty. The value... https://www.scmp.com/business/article/3322974/hong-kong-home-sales-upwards-trajectory-four-year-high-agents-say?utm_source=rss_feed https://www.scmp.com/business/article/3322974/hong-kong-home-sales-upwards-trajectory-four-year-high-agents-say?utm_source=rss_feed Sun, 24 Aug 2025 10:00:18 +0000 Cheryl Arcibal Cheryl Arcibal Swire Properties, one of Hong Kong’s largest developers, is set to start selling homes in its 850-unit, three-tower project on Hong Kong Island, its largest residential development in 20 years. The company said it would unveil the price list for the flats at The Headland Residences in Chai Wan, which range from one to three bedrooms with areas from 400 sq ft to 1,400 sq ft, in the coming days. The project is developed jointly by Swire Properties and China Motor Bus Company. The launch, which... https://www.scmp.com/business/article/3322546/swire-properties-set-start-selling-hong-kongs-largest-residential-project-20-years?utm_source=rss_feed https://www.scmp.com/business/article/3322546/swire-properties-set-start-selling-hong-kongs-largest-residential-project-20-years?utm_source=rss_feed Wed, 20 Aug 2025 12:00:13 +0000 Salina Li Salina Li Swire Pacific, which controls Hong Kong’s flag carrier Cathay Pacific, reported a marginal decline in first-half profit due to losses in its property business and weak consumer sentiment, while adding that the group’s outlook in its core markets remained uncertain for the rest of the year. The group’s underlying profit fell 2 per cent to HK$5.5 billion (US$700.6 million) in the six months to June, compared with HK$5.6 billion a year earlier, according to a filing to the Hong Kong stock exchange... https://www.scmp.com/business/article/3321109/hong-kongs-swire-pacific-warns-uncertain-outlook-after-posting-2-first-half-loss?utm_source=rss_feed https://www.scmp.com/business/article/3321109/hong-kongs-swire-pacific-warns-uncertain-outlook-after-posting-2-first-half-loss?utm_source=rss_feed Thu, 07 Aug 2025 10:06:48 +0000 Cheryl Arcibal Cheryl Arcibal The housing glut in Bangkok is spilling over to Thailand’s southern island of Phuket as property developers capitalised on demand from tourists and retirees after buyers from mainland China and Hong Kong retreated from the market. Some 10,000 new flats will enter the market this year, according to property consultancy Colliers, and new project launches are taking place on a weekly basis on the holiday island, according to property agents. “Developers are counting on the upcoming high season to... https://www.scmp.com/business/article/3313437/bangkoks-housing-glut-spreads-phuket-developers-rush-tourist-demand?utm_source=rss_feed https://www.scmp.com/business/article/3313437/bangkoks-housing-glut-spreads-phuket-developers-rush-tourist-demand?utm_source=rss_feed Sun, 08 Jun 2025 04:01:07 +0000 Emily Hung Emily Hung Members of 1880 Hong Kong, a Singapore-based private club that recently shut down after only seven months in operation, have been offered a luxury lifeline by landlord Swire Properties. The club told members on Thursday that they would be able to have joining fees waived for The Refinery, a club in Swire’s Taikoo Place that is operated by The Peninsula, and a food and drink credit would be provided. But the announcement did not appear to have pacified members, with some preferring a refund of... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3313243/1880-hong-kong-members-offered-alternative-club-not-what-we-signed?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3313243/1880-hong-kong-members-offered-alternative-club-not-what-we-signed?utm_source=rss_feed Thu, 05 Jun 2025 15:56:45 +0000 Emily Hung Emily Hung The Hong Kong branch of a Singapore-based private club that closed after just seven months in operation has been accused of owing rent and wages of more than 100 employees, with the Labour Department receiving requests for help from affected workers. 1880 Hong Kong, located at Swire Properties’ Two Taikoo Place office complex in Quarry Bay, on Friday announced it was closing, citing “cash flow difficulties” and failed attempts to raise funds. All memberships and associated privileges were... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3312656/1880-hong-kong-club-folds-after-7-months-accused-owing-staff-unpaid-wages?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3312656/1880-hong-kong-club-folds-after-7-months-accused-owing-staff-unpaid-wages?utm_source=rss_feed Sun, 01 Jun 2025 12:48:44 +0000 Feel strongly about these letters, or any other aspects of the news? Share your views by emailing us your Letter to the Editor at letters@scmp.com or filling in this Google form. Submissions should not exceed 400 words, and must include your full name and address, plus a phone number for verification The showdown between US President Donald Trump and Harvard University has become a clash over academic freedom, constitutional limits and the politicisation of higher education. At the heart of the... https://www.scmp.com/opinion/letters/article/3307278/trump-vs-harvard-battle-over-future-us-college-education?utm_source=rss_feed https://www.scmp.com/opinion/letters/article/3307278/trump-vs-harvard-battle-over-future-us-college-education?utm_source=rss_feed Tue, 22 Apr 2025 03:30:08 +0000 Yuke Xie Yuke Xie Hong Kong developer Swire Properties is “very positive” about opportunities in mainland China and expects to see improvements in rental income despite dampened consumer and business sentiment amid a tariff war between China and the US, according to its CEO. “Volatility and uncertainty are never good for business, and anything which undermines consumer confidence is not good for business,” Tim Blackburn said at a media event in Chengdu. “But there is evidence that even under the current tariff... https://www.scmp.com/business/china-business/article/3306589/swire-properties-bullish-mainland-china-despite-tariff-wars-pall?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3306589/swire-properties-bullish-mainland-china-despite-tariff-wars-pall?utm_source=rss_feed Tue, 15 Apr 2025 08:30:12 +0000 A shift is taking place in the way businesses approach the workplace, moving beyond focusing on location and office specifications to prioritising people-centric design. Enhancing employee well-being and addressing diverse needs are now of paramount importance for business leaders, as they strive to attract and retain talent, and maximise performance. According to the Gensler Research Institute’s “Global Workplace Survey 2024”, employees in high-performing workplaces that offer spaces for... https://www.scmp.com/native/business/topics/transformation-workspaces/article/3304194/transformation-workspaces-sees-employee-experience-and-well-being-take-lead?utm_source=rss_feed https://www.scmp.com/native/business/topics/transformation-workspaces/article/3304194/transformation-workspaces-sees-employee-experience-and-well-being-take-lead?utm_source=rss_feed Fri, 28 Mar 2025 04:09:10 +0000 Yuke Xie Yuke Xie Swire Pacific, which controls Hong Kong’s flagship airline Cathay Pacific, reported an 85 per cent slump in earnings last year amid losses in the property business and the sale of its Coca-Cola franchise in the US. Profit fell to HK$4.32 billion (US$556 million) from HK$28.9 billion in 2023, the group said in a stock exchange filing on Thursday, after booking deficits in the value of its development and investment properties. Excluding the deficits and other one-off charges, the group’s... https://www.scmp.com/business/article/3302270/hong-kongs-swire-pacific-profit-slides-property-slump-cathay-stabilises?utm_source=rss_feed https://www.scmp.com/business/article/3302270/hong-kongs-swire-pacific-profit-slides-property-slump-cathay-stabilises?utm_source=rss_feed Thu, 13 Mar 2025 11:04:20 +0000 Yulu Ao Yulu Ao Swire Properties said 94 per cent of the units at a residential project in Shanghai were sold on Monday, an indication of improved sentiment after Chinese authorities introduced tax breaks for larger homes and eased restrictions on buying property. Lujiazui Taikoo Yuan Residences, a project located next to Shanghai’s Huangpu River, was co-developed by Swire Properties and Lujiazui Group. Swire said 47 out of 50 units that were put on the market on Monday were snapped up by buyers. It is the... https://www.scmp.com/business/china-business/article/3290123/swire-properties-reports-robust-demand-flats-its-first-mainland-residential-project?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3290123/swire-properties-reports-robust-demand-flats-its-first-mainland-residential-project?utm_source=rss_feed Tue, 10 Dec 2024 07:00:15 +0000 Cheryl Arcibal Cheryl Arcibal One in six Hongkongers is considering purchasing a home in the next five years and a third of those prospective buyers are entering the market for the first time, a survey by HSBC found. Given the city’s population, HSBC estimates the number of prospective homebuyers at 300,000 households. This means housing supply will fall short of expected demand, as the government aims to supply 132,000 private units and another 123,000 public units to the market over the next decade, according to HSBC. Of... https://www.scmp.com/business/article/3289749/one-6-hongkongers-are-eyeing-home-purchase-next-5-years-hsbc-survey?utm_source=rss_feed https://www.scmp.com/business/article/3289749/one-6-hongkongers-are-eyeing-home-purchase-next-5-years-hsbc-survey?utm_source=rss_feed Fri, 06 Dec 2024 11:02:55 +0000 Cheryl Arcibal Cheryl Arcibal As the average age in Hong Kong and Singapore gets higher, health and beauty clinics are becoming more substantial tenants and investors in the two cities’ commercial property markets, according to real estate agents. By 2030, around one in four Singaporeans will be aged 65 or above, up from one in 10 in 2010, according to official data. In Hong Kong, the percentage of the city’s population that is considered elderly is expected to rise to 36 per cent by 2046 from 20.5 per cent in 2021,... https://www.scmp.com/business/article/3284845/hong-kong-and-singapore-age-health-businesses-become-bigger-property-players?utm_source=rss_feed https://www.scmp.com/business/article/3284845/hong-kong-and-singapore-age-health-businesses-become-bigger-property-players?utm_source=rss_feed Sun, 03 Nov 2024 01:30:16 +0000 Cheryl Arcibal,Salina Li Cheryl Arcibal,Salina Li Hong Kong developers are likely to report weak earnings this year and next despite recent stimulus measures, as the commercial market prepares for a supply glut and residents seek to splurge either on the mainland or overseas, according to ratings agency Moody’s. The forecast comes a week after Chief Executive John Lee Ka-chiu unveiled a more liberal mortgage-financing policy, which added to the optimism that was sparked by global central banks starting to raise interest rates. The less than... https://www.scmp.com/business/article/3283577/hong-kong-developers-ck-asset-sun-hung-kai-swire-feel-earnings-pain-moodys?utm_source=rss_feed https://www.scmp.com/business/article/3283577/hong-kong-developers-ck-asset-sun-hung-kai-swire-feel-earnings-pain-moodys?utm_source=rss_feed Thu, 24 Oct 2024 00:30:08 +0000 Beijing’s point man on Hong Kong affairs has called on HSBC to continue contributing to both the country’s development and the financial hub’s economy in a meeting with group chairman Mark Tucker in the nation’s capital. Xia Baolong, director of the Hong Kong and Macau Affairs Office (HKMAO), praised the financial services giant for its optimism towards the development of the country in the Friday meeting. He also underscored Beijing’s support for maintaining Hong Kong’s “unique status and... https://www.scmp.com/news/hong-kong/politics/article/3283029/beijing-urges-hsbc-group-keep-backing-mainland-china-and-hong-kongs-development-push?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3283029/beijing-urges-hsbc-group-keep-backing-mainland-china-and-hong-kongs-development-push?utm_source=rss_feed Sat, 19 Oct 2024 04:32:55 +0000 Swire Properties is spearheading the use of biophilic design in the redevelopment of its Taikoo Place portfolio in Quarry Bay, aiming to create a thriving ecosystem in an urban neighbourhood, enhance its biodiversity and improve the well-being of the development’s tenants and surrounding community. Biodiversity is essential for the processes that support all life on Earth, including humans. It is also a critical element in economic turnover: more than half of the world’s global economy, an... https://www.scmp.com/native/business/topics/urban-biodiversity/article/3275398/biophilic-design-heart-developers-biodiversity-strategy?utm_source=rss_feed https://www.scmp.com/native/business/topics/urban-biodiversity/article/3275398/biophilic-design-heart-developers-biodiversity-strategy?utm_source=rss_feed Fri, 23 Aug 2024 04:00:16 +0000 Cheryl Arcibal Cheryl Arcibal Sluggish property markets in Hong Kong and mainland China are pulling down the bottom lines of the city’s largest companies, with both Swire Pacific and Wharf (Holdings) reporting less than stellar first-half results. Swire Pacific reported a 7 per cent decline in first half profit to HK$3.91 billion (US$501 million), according to a filing with the Hong Kong stock exchange on Thursday. Meanwhile, Wharf said it swung to a loss of HK$2.63 billion in the first half from a profit of HK$696 million... https://www.scmp.com/business/article/3273717/swire-pacific-wharf-results-dragged-down-hong-kong-china-property-markets?utm_source=rss_feed https://www.scmp.com/business/article/3273717/swire-pacific-wharf-results-dragged-down-hong-kong-china-property-markets?utm_source=rss_feed Thu, 08 Aug 2024 08:28:14 +0000 Connor Mycroft Connor Mycroft A pilot has sued Hong Kong’s flag carrier Cathay Pacific Airways and a sister company over personal injuries she said she suffered after inhaling contaminated air during a flight in 2018. Antonia Louise Zoya Anton, who was employed by Cathay Pacific as a first officer on the flight, accused the airline and the Hong Kong Aircraft Engineering Company (Haeco) of negligence over the incident. The civil case, first filed in 2021, had procedural hearings on Monday and Tuesday at the High Court. Anton,... https://www.scmp.com/news/hong-kong/transport/article/3273424/pilot-sues-hong-kongs-cathay-haeco-alleged-negligence-over-2018-cabin-fume-event?utm_source=rss_feed https://www.scmp.com/news/hong-kong/transport/article/3273424/pilot-sues-hong-kongs-cathay-haeco-alleged-negligence-over-2018-cabin-fume-event?utm_source=rss_feed Tue, 06 Aug 2024 11:00:15 +0000 Wynna Wong Wynna Wong Swire Coca-Cola has vowed to investigate a carbon dioxide leak at its Hong Kong plant in which no injuries have been reported. The company confirmed the leak on Sunday after video footage posted online showed white clouds billowing out onto the street at the Sha Tin facility the night before at around 9.45pm, although it was not immediately clear what the substance was. A motorcyclist was seen driving through the smoke in the clip, while two security guards tried to direct traffic as pedestrians... https://www.scmp.com/news/hong-kong/society/article/3270414/swire-coca-cola-vows-investigate-hong-kong-plant-carbon-dioxide-leak-no-injuries-reported?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3270414/swire-coca-cola-vows-investigate-hong-kong-plant-carbon-dioxide-leak-no-injuries-reported?utm_source=rss_feed Sun, 14 Jul 2024 12:24:55 +0000 Swire Pacific has completed the acquisition of DeltaHealth, a Shanghai-based healthcare provider specialising in cardiovascular treatments, as the Hong Kong-based group pursues healthcare as one of its key growth areas. The property to aviation conglomerate, which first invested in the mainland Chinese company in 2021, said it was targeting new growth areas such as healthcare and that this was its first majority stake in a medical services provider. It comes close on the heels of an investment... https://www.scmp.com/business/article/3261229/hong-kongs-swire-pacific-takes-control-shanghai-healthcare-provider-deltahealth?utm_source=rss_feed https://www.scmp.com/business/article/3261229/hong-kongs-swire-pacific-takes-control-shanghai-healthcare-provider-deltahealth?utm_source=rss_feed Thu, 02 May 2024 13:00:30 +0000 Swire Properties is shutting down the group’s first ever hotel, The Opposite House in Beijing, after 16 years to make way for an “innovative retail landmark”, according to a spokesman. Located in the upmarket Taikoo Li Sanlitun (TLS) area in the Chinese capital, the 99-room hotel, which is known for its emerald glass architecture designed by renowned Japanese architect Kengo Kuma, will cease operations on June 30. “The latest plan represents Swire Properties’ long-term commitment to Sanlitun,... https://www.scmp.com/business/article/3258296/swire-properties-close-opposite-house-beijing-groups-first-hotel-it-eyes-redevelopment-retail?utm_source=rss_feed https://www.scmp.com/business/article/3258296/swire-properties-close-opposite-house-beijing-groups-first-hotel-it-eyes-redevelopment-retail?utm_source=rss_feed Tue, 09 Apr 2024 02:38:36 +0000 Swire Pacific is betting on healthcare investments in mainland China and Indonesia as an area of growth while Hong Kong’s office property market is likely to remain soft for the year. The Hong Kong-based conglomerate reported record underlying profit of HK$36.2 billion (US$4.6 billion) for 2023, nearly eight times better than the HK$4.7 billion it earned in 2022, mainly thanks to the post-Covid uplift from its aviation unit Cathay Pacific Airways, it said in a filing with the Hong Kong exchange... https://www.scmp.com/business/article/3255360/cathay-flying-high-hong-kongs-swire-pacific-posts-record-us46-billion-profit-looks-healthcare-growth?utm_source=rss_feed https://www.scmp.com/business/article/3255360/cathay-flying-high-hong-kongs-swire-pacific-posts-record-us46-billion-profit-looks-healthcare-growth?utm_source=rss_feed Thu, 14 Mar 2024 07:31:35 +0000 Is Cathay Pacific Airways past its prime? Its recent performance raises questions whether this 78-year-old airline can drive Hong Kong in the race to retain the city’s status as a premium aviation hub in the Asia-Pacific. The Hong Kong Airport Authority recently raised HK$5 billion (US$640 million) in retail bonds to fund capital expenditures, including its third runway project. Public response has been overwhelming. But hardware aside, it is also vital for the city’s flagship carrier to... https://www.scmp.com/comment/opinion/article/3251045/crumbling-cathay-no-longer-flies-flag-hong-kongs-aviation-dream?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3251045/crumbling-cathay-no-longer-flies-flag-hong-kongs-aviation-dream?utm_source=rss_feed Thu, 08 Feb 2024 01:30:13 +0000 The CEOs of major landlords and developers in Hong Kong have made building on the normalisation that began last year a top priority for 2024, with a focus on strengthening balance sheets, evolving tenant portfolios and exploring new business opportunities. These priorities also come with an emphasis on sustainability by offering green services to customers, they said. High interest rates, a slowing economy, a lack of talent and Hong Kong’s ageing population are among key challenges as the... https://www.scmp.com/business/article/3246818/ceos-top-hong-kong-builders-landlords-share-optimism-outlook-see-sustainability-key-issue-amid?utm_source=rss_feed https://www.scmp.com/business/article/3246818/ceos-top-hong-kong-builders-landlords-share-optimism-outlook-see-sustainability-key-issue-amid?utm_source=rss_feed Mon, 01 Jan 2024 03:30:15 +0000 Swire Properties is ramping up marketing and promotion for its joint venture luxury property project in Indonesia following Jakarta’s move to ease property purchase requirements for foreign investors by allowing them to simply present their passport instead of a special stay permit. A sales roadshow for Savyavasa, a joint venture between the Hong Kong developer and Jakarta Setiabudi International Group, to take in Hong Kong, mainland China, Singapore and other cities in Southeast Asia will kick... https://www.scmp.com/business/article/3243588/swire-properties-expects-sales-boost-indonesia-savyavasa-project-jakarta-eases-foreign-buying?utm_source=rss_feed https://www.scmp.com/business/article/3243588/swire-properties-expects-sales-boost-indonesia-savyavasa-project-jakarta-eases-foreign-buying?utm_source=rss_feed Sun, 03 Dec 2023 10:00:13 +0000 Hong Kong’s Securities and Futures Commission (SFC) has agreed to pay HK$5.4 billion (US$691 million) to acquire a number of floors at Swire Properties’ One Island East development in Quarry Bay for its permanent offices. The SFC has signed a sale-and-purchase agreement with the property developer to acquire 12 floors of the grade-A office building, according to a statement on Friday. The acquisition of the nine floors the SFC currently occupies will take effect from December, while the... https://www.scmp.com/business/article/3241968/hong-kong-watchdog-sfc-acquires-12-floors-swire-properties-one-island-east-us691-million-cost-saving?utm_source=rss_feed https://www.scmp.com/business/article/3241968/hong-kong-watchdog-sfc-acquires-12-floors-swire-properties-one-island-east-us691-million-cost-saving?utm_source=rss_feed Fri, 17 Nov 2023 12:20:14 +0000 Cities in Asia-Pacific are staring at an “unprecedented shortage” of sustainable office buildings as companies strive to meet their net zero targets, according to JLL. Office tenants will be looking beyond green certification and making decisions based on sustainability metrics, including energy efficiency and green energy procurement as part of corporate commitments to meeting their net zero carbon goals, according to the property consultancy. “Leasing office space in green-certified office... https://www.scmp.com/business/article/3239700/hong-kong-sydney-among-asia-pacific-cities-facing-unprecedented-shortage-green-office-buildings-jll?utm_source=rss_feed https://www.scmp.com/business/article/3239700/hong-kong-sydney-among-asia-pacific-cities-facing-unprecedented-shortage-green-office-buildings-jll?utm_source=rss_feed Tue, 31 Oct 2023 01:30:28 +0000 Elizabeth Cheung Elizabeth Cheung Hong Kong is poised to sign three agreements for projects worth a total of US$450 million at the Belt and Road Forum for International Cooperation in Beijing this week, the city’s leader has said. Chief Executive John Lee Ka-chiu revealed the city’s delegates would commit to the projects, which have not been identified, at the CEO Conference session of the forum on Tuesday, the first day of the meeting. Lee said at the airport on Monday as he prepared to fly to Beijing that the agreements were... https://www.scmp.com/news/hong-kong/politics/article/3238146/hong-kong-sign-agreements-three-projects-worth-us450-million-beijing-belt-and-road-forum-hosted?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3238146/hong-kong-sign-agreements-three-projects-worth-us450-million-beijing-belt-and-road-forum-hosted?utm_source=rss_feed Mon, 16 Oct 2023 12:47:28 +0000 Hong Kong’s Cathay Pacific Airways has finalised a cut-price deal for 32 aircraft worth HK$36 billion (US$4.66 billion) from Europe’s Airbus, a move an analyst has said will guarantee the availability of new planes as the city’s flag carrier pushes ahead with expansion plans. The airline said in a filing on Friday it had bought the Airbus aircraft for the “basic price” of HK$36.35 billion, but had negotiated “significant price concessions”. “Such price concessions were determined after arm’s... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3236392/hong-kong-flag-carrier-cathay-pacific-seals-cut-price-deal-32-new-airbus-jets-worth-hk36-billion?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3236392/hong-kong-flag-carrier-cathay-pacific-seals-cut-price-deal-32-new-airbus-jets-worth-hk36-billion?utm_source=rss_feed Sat, 30 Sep 2023 13:00:13 +0000 Hongkong Land, the biggest landlord in Hong Kong’s Central business district, has launched a new sustainability scheme to help its office tenants reduce their carbon footprints. It is the latest developer to launch an initiative that forms part of an industry-wide decarbonisation push to reach the city’s climate targets. Through its Tenant Sustainability Partnership Programme (TSPP) launched on Tuesday, the developer aims to improve both its own and its tenants’ environmental performance by... https://www.scmp.com/business/companies/article/3233450/climate-change-hongkong-land-joins-push-make-citys-buildings-greener-scheme-cut-office-tenants?utm_source=rss_feed https://www.scmp.com/business/companies/article/3233450/climate-change-hongkong-land-joins-push-make-citys-buildings-greener-scheme-cut-office-tenants?utm_source=rss_feed Tue, 05 Sep 2023 08:15:12 +0000 Swire Properties will shell out a total of 9.7 billion yuan (US$1.3 billion) to bid for stakes in two state-owned companies in Shanghai that own two prime sites in the city’s Pudong New Area. The company, one of Hong Kong’s oldest and largest builders of luxury homes and grade A offices, said in a statement on Monday that its wholly-owned subsidiary Elegant Ocean was looking to take a 40 per cent stake in Shanghai Dongmao Real Estate for 6.6 billion yuan, while another fully-owned unit, United... https://www.scmp.com/business/china-business/article/3233397/swire-chasing-two-stakes-worth-us13-billion-shanghai-firms-prime-sites-pudong?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3233397/swire-chasing-two-stakes-worth-us13-billion-shanghai-firms-prime-sites-pudong?utm_source=rss_feed Mon, 04 Sep 2023 23:00:16 +0000 A recovery in the retail property market in Hong Kong is on the right track, but the same cannot be said for the office market amid continued high vacancy rates and economic uncertainty, according to leading landlords Swire Properties and Hysan Development. Both companies pointed to encouraging signs in the retail market as they reported their first-half financial results on Thursday. Retail sales at some of Swire’s shopping malls, which include Pacific Place in Admiralty and Cityplaza at Taikoo... https://www.scmp.com/business/companies/article/3230651/hong-kongs-retail-sector-revive-top-landlords-see-positive-signs-shop-tenants-while-office-market?utm_source=rss_feed https://www.scmp.com/business/companies/article/3230651/hong-kongs-retail-sector-revive-top-landlords-see-positive-signs-shop-tenants-while-office-market?utm_source=rss_feed Thu, 10 Aug 2023 10:11:59 +0000 Internal carbon pricing is a useful tool for businesses to reduce their greenhouse-gas emissions and drive behavioural change in pursuit of decarbonisation targets, according to analysts and companies. Businesses are facing mounting pressure from investors, regulators and stakeholders to set and reach climate targets in line with global targets to stem the tide of climate change and prevent the most devastating consequences of temperature increases around the world. Putting an internal price on... https://www.scmp.com/business/banking-finance/article/3228513/hong-kong-companies-swire-clp-putting-price-carbon-reduce-emissions-drive-internal-change?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3228513/hong-kong-companies-swire-clp-putting-price-carbon-reduce-emissions-drive-internal-change?utm_source=rss_feed Sun, 23 Jul 2023 10:00:27 +0000