Property News · March 5, 2019

Harbour City landlord Wharf REIC says fate of Hong Kong’s retail market depends on outcome of trade war


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…

Source : South China Morning Post
Read more…Harbour City landlord Wharf REIC says fate of Hong Kong’s retail market depends on outcome of trade war