{"id":104697,"date":"2019-03-05T20:13:36","date_gmt":"2019-03-05T13:13:36","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/harbour-city-landlord-wharf-reic-says-fate-of-hong-kongs-retail-market-depends-on-outcome-of-trade-war\/"},"modified":"2019-03-05T22:03:48","modified_gmt":"2019-03-05T15:03:48","slug":"harbour-city-landlord-wharf-reic-says-fate-of-hong-kongs-retail-market-depends-on-outcome-of-trade-war","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/harbour-city-landlord-wharf-reic-says-fate-of-hong-kongs-retail-market-depends-on-outcome-of-trade-war\/","title":{"rendered":"Harbour City landlord Wharf REIC says fate of Hong Kong\u2019s retail market depends on outcome of trade war"},"content":{"rendered":"


\nWharf 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.\u201cWe sold some homes in the mainland last year and will continue to reduce related investments,\u201d Stephen Ng Tin-hoi, chairman and managing director of Wharf, said during the results briefing on Tuesday.Ng had said last\u2026
\n
\nSource : South China Morning Post
\nRead more…Harbour City landlord Wharf REIC says fate of Hong Kong\u2019s retail market depends on outcome of trade war<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Wharf Real Estate Investment (REIC), the owner of Harbour City and Times Square shopping malls,...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-104697","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-reF","jetpack-related-posts":[{"id":121276,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-shopping-centre-landlord-wharf-reic-reports-10-per-cent-increase-in-first-half-revenue-rues-absence-of-tourists\/","url_meta":{"origin":104697,"position":0},"title":"Hong Kong shopping centre landlord Wharf Reic reports 10 per cent increase in first-half revenue, rues absence of tourists","date":"August 6, 2021","format":false,"excerpt":"\r 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,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":146576,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wharf-reic-warn-of-rare-losses-as-hongkongers-northbound-sojourns-add-to-retail-slump\/","url_meta":{"origin":104697,"position":1},"title":"Wharf, REIC warn of rare losses as Hongkongers\u2019 northbound sojourns add to retail slump","date":"July 29, 2024","format":false,"excerpt":"\r The rare warnings show how Hong Kong\u2019s consumption slump is trickling down to the bottom lines of the city\u2019s shopping centre operators and landlords.\r \r Source : South China Morning Post\r Read more...Wharf, REIC warn of rare losses as Hongkongers\u2019 northbound sojourns add to retail slump","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":142933,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-mall-owner-wharf-reic-looks-to-stimulate-spending-with-promotions-after-posting-flat-profit\/","url_meta":{"origin":104697,"position":2},"title":"Hong Kong mall owner Wharf Reic looks to stimulate spending with promotions after posting flat profit","date":"March 7, 2024","format":false,"excerpt":"\r Harbour City and Times Square owner\u2019s 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.\r \r Source : South China Morning Post\r Read more...Hong Kong mall owner\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95719,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-landowner-wharf-sees-core-profit-plunge-by-two-thirds-amid-falling-home-sales-in-mainland-china\/","url_meta":{"origin":104697,"position":3},"title":"Hong Kong landowner Wharf sees core profit plunge by two thirds amid falling home sales in mainland China","date":"August 9, 2018","format":false,"excerpt":"\r Wharf Holdings, one of Hong Kong\u2019s biggest landowners, reported a 66 per cent drop in core profit because of weak property sales in mainland China. The conglomerate\u2019s core profit came in at HK$2.53 billion (US$322.31 million) for the six months ended June 30, according to a filing to the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117908,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-biggest-shopping-centre-harbour-city-offers-rent-concessions-and-shocks-tenants-with-lease-renewal-terms\/","url_meta":{"origin":104697,"position":4},"title":"Hong Kong\u2019s biggest shopping centre Harbour City offers rent concessions and shocks tenants with lease renewal terms","date":"July 22, 2020","format":false,"excerpt":"\r The owner of Hong Kong\u2019s biggest shopping centre is offering its tenants additional rent concessions, with a catch: extend the leases for at least 18 months in a market facing a third wave of coronavirus infections.The tactic has come as a shock to retailers at Harbour City, an upmarket\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113431,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wharf-reic-is-one-of-my-top-picks-strategist-says\/","url_meta":{"origin":104697,"position":5},"title":"Wharf REIC is one of my 'top picks,' strategist says","date":"January 6, 2020","format":false,"excerpt":"\r Paul Kitney of Daiwa Capital Markets says Wharf REIC offers a \"very substantial\" yield and has potential for a turnaround. He also weighs in on the impact of the U.S.-China trade war on greater China markets.\r \r Source : cnbc.com\r Read more...Wharf REIC is one of my 'top picks,'\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/104697"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=104697"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/104697\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=104697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=104697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=104697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}