TOPIC

/ company

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

Wharf Holdings

Hong Kong politician Bunny Chan buys Stanley homes for US$40 million

Businessman and National People’s Congress deputy gets nine-unit property at a 44 per cent discount, says market has bottomed out.

Morgan Stanley lifts Hong Kong property to ‘attractive’ as stars align

Hong Kong developers test ultra-luxury home demand with new launch on The Peak

Hong Kong shipping baron’s nephew buys US$9.6 million flat in Repulse Bay

An entity linked to Raymond Pao, a nephew of the late Y.K. Pao, acquired the 2,491 sq ft, four-bedroom flat in Grand Garden on December 8.

JPMorgan, DBS, Standard Chartered bosses swap deals for sneakers in charity run

Chairmen and CEOs join regulators and financiers in The Community Chest HKEX Gong Run to raise US$1.2 million.

.css-sioo19{color:#c79a00;}On This Day | Hong Kong discontinues trial all-night tram service in 1990 – SCMP archive

On November 10, 1990, Hong Kong Tramways put a stop to the trial service after receiving noise complaints from district boards.

Hong Kong Olympian Vivian Kong cites ‘racing tourism’ work in Legco bid scrutiny

Returning officer for tourism constituency asked fencing star to elaborate on her personal experience and qualifications within sector.

Hong Kong builders rush to sell 200 flats amid rate-cut optimism

After more than two years of new flats selling for less than second-hand units, the price gap has started to narrow, analyst says.

Wharf posts first-half profit as Hong Kong luxury market offsets mainland woes

Developer sells penthouse at its 50 per cent-owned Mount Nicholson development on The Peak for a record HK$144,000 per square foot.

Hong Kong stocks tread water as traders await China data, interim results

China due to release July data on foreign trade on Thursday and statistics on consumer and producer inflation over the weekend.

Xia Baolong holds 3-hour closed-door talks with Hong Kong business leaders

Director of the Hong Kong and Macau Affairs Office also visited Ocean Park in the afternoon before taking a boat trip to Lamma Island.

Hong Kong property: mainland buyers pounce on huge discounts from local sellers

A surge in discount selling by cash-strapped owners has sparked a frenzy among well-heeled buyers, agents say.

Wharf swings to 2024 loss as write-downs add to glut, sales slump

The company posted a 2024 loss of HK$3.22 billion and set aside HK$2.02 billion in impairment provisions.

1 in 6 Hongkongers are eyeing home purchase in next 5 years: HSBC

Around 300,000 households will be in the market, exceeding expected supply, the lender estimates.

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.

.css-f84qeq{font-family:Roboto Condensed,Roboto Condensed fallback,sans-serif;font-style:italic;}Wharf Hotels announces a comprehensive rebranding of Marco Polo Hotels

The brand’s transformation showcases a strategic vision based on three pillars – enrich, connect and responsible.

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

Subdued office rentals hit Swire Properties, while sluggish residential sales do the most damage to Wharf.

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.

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.

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.

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.

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.

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.

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.

.css-rcruog{color:#C79A00;}Video | 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.

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’.

On This Day | Hong Kong discontinues trial all-night tram service in 1990 – SCMP archive

Wharf Hotels announces a comprehensive rebranding of Marco Polo Hotels

Video | Hong Kong developer Wharf calls for review of market curbs