https://www.scmp.com/rss/518062/feed Wharf Real Estate Investment is a shopping centre and hotel owner and operator in Hong Kong. It owns the Times Square and Harbour City shopping malls in Causeway Bay and Tsim Sha Tsui, respectively, as well as the Marco Polo Hong Kong, Gateway and Prince hotels. The company was spun off from sister company Wharf (Holdings), one of Hong Kong's biggest landowners, in 2017, and is part of Wheelock and Co. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Peggy Ye Peggy Ye Hong Kong’s fragile retail recovery is clouding the outlook for shopping mall rents, with Wharf Real Estate Investment Company (REIC) warning that rising geopolitical tensions could add further uncertainty even as visitor traffic improves. The landlord of Harbour City in Tsim Sha Tsui and Times Square in Causeway Bay said the retail market showed gradual improvement in 2025 as tourism picked up. “Volume increase, however, was not often accompanied by commensurate yield increase,” the company... https://www.scmp.com/business/companies/article/3346098/middle-east-tensions-add-uncertainty-hong-kong-retail-rents-wharf-reic-says?utm_source=rss_feed https://www.scmp.com/business/companies/article/3346098/middle-east-tensions-add-uncertainty-hong-kong-retail-rents-wharf-reic-says?utm_source=rss_feed Tue, 10 Mar 2026 10:05:40 +0000 Cheryl Arcibal Cheryl Arcibal Ever since Hong Kong’s retail sector shook off 14 months of consecutive declines in May, analysts have been speculating whether the city’s landlords and developers can look forward to rental increases sooner rather than later. Hong Kong retailers such as Bakehouse and Korean food and beverage operator Seoul Recipe Group are more optimistic these days, as locals and tourists alike start to spend more in the city. However, a meaningful recovery in rents for high street shops and prime shopping... https://www.scmp.com/business/companies/article/3328623/hong-kong-retailers-cheer-sales-boom-shop-rental-hikes-may-not-follow-any-time-soon?utm_source=rss_feed https://www.scmp.com/business/companies/article/3328623/hong-kong-retailers-cheer-sales-boom-shop-rental-hikes-may-not-follow-any-time-soon?utm_source=rss_feed Sun, 12 Oct 2025 02:30:08 +0000 Cheryl Arcibal Cheryl Arcibal Wharf Real Estate Investment Co, one of Hong Kong’s biggest commercial landlords, said earnings tumbled last year as revenue from investment and hotel properties declined and a multi-year slump in the property market further eroded the value of its assets. Net profit fell 81 per cent from a year earlier to HK$891 million (US$114.7 million), mainly due to a five-fold increase in property revaluation deficit to HK$5.66 billion amid weak demand for commercial real estate, it said in a stock... https://www.scmp.com/property/article/3301796/hong-kongs-times-square-owner-says-earnings-sink-weak-retail-property-market?utm_source=rss_feed https://www.scmp.com/property/article/3301796/hong-kongs-times-square-owner-says-earnings-sink-weak-retail-property-market?utm_source=rss_feed Mon, 10 Mar 2025 09:03:51 +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 Salina Li Salina Li Two of Hong Kong’s biggest property developers warned that they may report losses in the first six months of 2024, as dwindling foot traffic at their Harbour City and Times Square shopping centres underscored the sorry state of the city’s retail slump. The Wharf (Holdings) and Wharf Real Estate Investment Company (REIC) both expect “possible turnarounds” from profits to losses in their first-half results, the companies said in filings to the Hong Kong stock exchange on Monday. Wharf REIC may... https://www.scmp.com/business/companies/article/3272283/wharf-reic-warn-rare-losses-hongkongers-northbound-sojourns-add-retail-slump?utm_source=rss_feed https://www.scmp.com/business/companies/article/3272283/wharf-reic-warn-rare-losses-hongkongers-northbound-sojourns-add-retail-slump?utm_source=rss_feed Mon, 29 Jul 2024 06:48:12 +0000 Louis Vuitton is returning to Times Square, three years after the French luxury brand shut its store in the Causeway Bay shopping centre, a sign of a brighter outlook for Hong Kong’s luxury retail market. The company has reportedly signed a five-year lease for 12,000 square feet of space spread over two levels, 2,000 sq ft larger than its previous shop. Louis Vuitton, and Times Square owner Wharf Reic did not reply to the Post’s request for comment. “Hong Kong’s luxury retail market is … set to... https://www.scmp.com/business/article/3260799/hong-kongs-luxury-retail-gets-boost-louis-vuitton-returns-times-square-causeway-bay-after-3-year-gap?utm_source=rss_feed https://www.scmp.com/business/article/3260799/hong-kongs-luxury-retail-gets-boost-louis-vuitton-returns-times-square-causeway-bay-after-3-year-gap?utm_source=rss_feed Mon, 29 Apr 2024 10:29:47 +0000 Wharf Reic, the owner of Harbour City and Times Square malls, said it would undertake promotional activities to get residents and tourists to loosen their purse strings after recording a slightly lower profit last year. Net profit slipped 3 per cent to just over HK$6 billion (US$767.3 million) despite a 7 per cent jump in revenue to HK$13.3 billion. The company’s net debt fell to HK$36.3 billion, the lowest since its listing in 2017. “The group shall enhance tenant offerings and promotional... https://www.scmp.com/business/article/3254532/hong-kong-mall-owner-wharf-reic-looks-stimulate-spending-promotions-after-posting-flat-profit?utm_source=rss_feed https://www.scmp.com/business/article/3254532/hong-kong-mall-owner-wharf-reic-looks-stimulate-spending-promotions-after-posting-flat-profit?utm_source=rss_feed Thu, 07 Mar 2024 09:33:18 +0000 Wharf Real Estate Investment Company (Wharf Reic), one of Hong Kong’s biggest commercial landlords, turned around its fortunes in the first half on the back of a post-pandemic rebound in tourism. The owner of Harbour City and Times Square shopping centres reported a net profit of HK$1.8 billion (US$230 million) for the six months ended June, compared with a loss of HK$1.5 billion a year earlier, according to an exchange filing on Monday. Revenue grew 4.2 per cent to HK$6.5 billion in the... https://www.scmp.com/business/banking-finance/article/3230245/times-square-harbour-city-owner-wharf-reic-recovers-covid-post-us230-million-first-half-profit?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3230245/times-square-harbour-city-owner-wharf-reic-recovers-covid-post-us230-million-first-half-profit?utm_source=rss_feed Mon, 07 Aug 2023 08:32:02 +0000 Wharf Real Estate Investment Company (Wharf Reic), which owns Hong Kong’s Harbour City and Times Square shopping centres, reported a net loss for the first half of the year – its first interim loss in 18 months – as it signalled a cautious market outlook amid interest rate hikes and geopolitical tensions. The company reported a net loss of HK$1.47 billion (US$187 million) for the six months ended June 30, compared to a profit of HK$2.97 billion in the first half of 2021, according to an exchange... https://www.scmp.com/business/article/3187691/hong-kong-property-owner-wharf-reic-reports-hk147-billion-loss-covid?utm_source=rss_feed https://www.scmp.com/business/article/3187691/hong-kong-property-owner-wharf-reic-reports-hk147-billion-loss-covid?utm_source=rss_feed Thu, 04 Aug 2022 08:45:23 +0000 Wharf Real Estate Investment Co, one of Hong Kong’s biggest commercial landlords, has warned investors it is likely to report a loss in the first half this year, as the toughest anti-pandemic measures in the city hit businesses and eroded the value of its properties. The group, whose HK$272 billion (US$34.6 billion) of investment assets include the Harbour City shopping centre in Tsim Sha Tsui and the Times Square mall in Causeway Bay, said a revaluation deficit may exceed income generated from... https://www.scmp.com/business/companies/article/3185313/wharf-reic-warns-interim-loss-value-investment-properties-erodes?utm_source=rss_feed https://www.scmp.com/business/companies/article/3185313/wharf-reic-warns-interim-loss-value-investment-properties-erodes?utm_source=rss_feed Thu, 14 Jul 2022 12:00:43 +0000 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. Footfall at shopping centres suffered a big drop in the first two months of this year, while a downward pressure on office rents will continue unless the economy recovers, Stephen Ng, the company’s chairman and managing director, said during a briefing on Thursday. “Originally,... https://www.scmp.com/business/article/3169144/hong-kong-mall-and-office-landlord-wharf-reic-says-unless-economy-recovers?utm_source=rss_feed https://www.scmp.com/business/article/3169144/hong-kong-mall-and-office-landlord-wharf-reic-says-unless-economy-recovers?utm_source=rss_feed Thu, 03 Mar 2022 13:50:11 +0000 Although retail sales might have bottomed out in Hong Kong, rental incomes will remain under tremendous pressure until border controls are relaxed, according to Wharf Real Estate Investment Company (Reic), the owner of shopping centres Harbour City and Times Square. Vacancies and weaker market rents continued to depress rental incomes, the company said in a results filing to the stock exchange on Thursday. “To landlords, this is obvious. Retail rents in the market have been falling gradually,”... https://www.scmp.com/business/article/3144004/hong-kong-shopping-centre-landlord-wharf-reic-reports-10-cent-increase?utm_source=rss_feed https://www.scmp.com/business/article/3144004/hong-kong-shopping-centre-landlord-wharf-reic-reports-10-cent-increase?utm_source=rss_feed Thu, 05 Aug 2021 23:30:07 +0000 Hong Kong stocks rallied the most in two weeks on Tuesday, snapping a three-session losing streak as bargain hunters swooped in to pick up virus-battered Hong Kong property giants. Wharf REIC, the owner of Harbour City and Times Square luxury shopping centres, surged 7.5 per cent after sinking to a record low on Monday. That was its biggest percentage gain in 11 months, according to Bloomberg data. New economy stocks continued to advance, with Tencent climbing 2 per cent, Alibaba, the e-commerce... https://www.scmp.com/business/markets/article/3095905/hong-kong-stocks-rise-track-break-three-session-losing-streak?utm_source=rss_feed https://www.scmp.com/business/markets/article/3095905/hong-kong-stocks-rise-track-break-three-session-losing-streak?utm_source=rss_feed Tue, 04 Aug 2020 02:47:35 +0000 Hong Kong shopping centre and hotel operator Wharf Real Estate Investment Company (Wharf REIC) said on Thursday the outlook for the city’s economy was “pathetic” and “dire” in the near term. “We feel Hong Kong is pathetic in the short term. It could take three months, six months or even nine months [for the Covid-19 outbreak to subside and the city’s economy to bottom out], but we have no idea,” Stephen Ng, the company’s chairman and managing director, said during its annual results briefing.... https://www.scmp.com/business/article/3065251/hong-kong-outlook-pathetic-dire-near-term-mall-and-hotel-operator-wharf?utm_source=rss_feed https://www.scmp.com/business/article/3065251/hong-kong-outlook-pathetic-dire-near-term-mall-and-hotel-operator-wharf?utm_source=rss_feed Thu, 05 Mar 2020 11:16:43 +0000 Good day, traders -- Pro-democracy voters scored a big win Sunday, gaining a majority in 17 of the 18 district councils, in a landslide defeat of the pro-Beijing camp. (Read full SCMP story here.) The results boosted the Hang Seng, as traders hope it will mean the violence of recent protests will subside.  Meanwhile, mainland markets rallied as well. Catch up on the day's action below. Please help us improve our blog by taking this quick -- under 2 minutes! -- survey. Your feedback will really... https://www.scmp.com/business/markets/article/3039154/big-win-hong-kong-pro-democracy-camp-first-elections-protests?utm_source=rss_feed https://www.scmp.com/business/markets/article/3039154/big-win-hong-kong-pro-democracy-camp-first-elections-protests?utm_source=rss_feed Mon, 25 Nov 2019 01:23:53 +0000 Good day, traders -- Catch up on the day's action below. Please help us improve our blog by taking this quick -- under 2 minutes! -- survey. Your feedback will really help us make the blog better for you! Also, if you would like the Live Stocks Blog emailed to you each morning, shoot Deb a message at deb.price@scmp.com. -- Zhang Shidong in Shanghai and Deb Price in Hong Kong    Note: Information in this blog is on an "as is" basis and not a solicitation or offer to buy or sell any securities or... https://www.scmp.com/business/markets/article/3037634/stocks-blog-traders-edge-protests-again-flare-tencent-results-miss?utm_source=rss_feed https://www.scmp.com/business/markets/article/3037634/stocks-blog-traders-edge-protests-again-flare-tencent-results-miss?utm_source=rss_feed Thu, 14 Nov 2019 01:19:40 +0000 Wharf Real Estate Investment (REIC), the owner of Harbour City and Times Square shopping malls, said it plans to continue reducing its mainland property investments after registering a modest 6 per cent growth in underlying profit to HK$10.05 billion (US$1.28 billion) last year. “We sold some homes in the mainland last year and will continue to reduce related investments,” Stephen Ng Tin-hoi, chairman and managing director of Wharf, said during the results briefing on Tuesday. Ng had said last... https://www.scmp.com/property/hong-kong-china/article/2188757/harbour-city-landlord-wharf-reic-says-fate-hong-kongs?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/2188757/harbour-city-landlord-wharf-reic-says-fate-hong-kongs?utm_source=rss_feed Tue, 05 Mar 2019 13:13:36 +0000