{"id":121276,"date":"2021-08-06T06:30:07","date_gmt":"2021-08-05T23:30:07","guid":{"rendered":"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\/"},"modified":"2021-08-06T07:07:41","modified_gmt":"2021-08-06T00:07:41","slug":"hong-kong-shopping-centre-landlord-wharf-reic-reports-10-per-cent-increase-in-first-half-revenue-rues-absence-of-tourists","status":"publish","type":"post","link":"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\/","title":{"rendered":"Hong Kong shopping centre landlord Wharf Reic reports 10 per cent increase in first-half revenue, rues absence of tourists"},"content":{"rendered":"


\nAlthough 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.\u201cTo landlords, this is obvious. Retail rents in the market have been falling gradually,\u201d\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong shopping centre landlord Wharf Reic reports 10 per cent increase in first-half revenue, rues absence of tourists<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Although retail sales might have bottomed out in Hong Kong, rental incomes will remain under...<\/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-121276","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-vy4","jetpack-related-posts":[{"id":114730,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-outlook-pathetic-dire-in-near-term-mall-and-hotel-operator-wharf-reic-says-as-it-reports-drop-in-revenue-profit\/","url_meta":{"origin":121276,"position":0},"title":"Hong Kong outlook \u2018pathetic\u2019, \u2018dire\u2019 in near term, mall and hotel operator Wharf REIC says as it reports drop in revenue, profit","date":"March 5, 2020","format":false,"excerpt":"\r Hong Kong shopping centre and hotel operator Wharf Real Estate Investment Company (Wharf REIC) said on Thursday the outlook for the city\u2019s economy was \u201cpathetic\u201d and \u201cdire\u201d in the near term.\u201cWe feel Hong Kong is pathetic in the short term. It could take three months, six months or even\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104697,"url":"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\/","url_meta":{"origin":121276,"position":1},"title":"Harbour City landlord Wharf REIC says fate of Hong Kong\u2019s retail market depends on outcome of trade war","date":"March 5, 2019","format":false,"excerpt":"\r 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.\u201cWe sold some homes in the mainland\u2026","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":121276,"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":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":121276,"position":3},"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":71947,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wharfs-commercial-property-spin-off-to-go-public-on-november-23\/","url_meta":{"origin":121276,"position":4},"title":"Wharf\u2019s commercial property spin-off to go public on November 23","date":"November 16, 2017","format":false,"excerpt":"\r Wharf Holdings\u2019 new commercial properties spin-off, Wharf Real Estate Investment Company (REIC), is scheduled to list on the main board of the Hong Kong stock exchange, on November 23. One of Hong Kong\u2019s biggest landowners, Wharf Holdings said on Wednesday the spin-off and listing of Wharf REIC provides a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":72631,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shares-in-new-wharf-commercial-property-unit-make-spectacular-debut-in-hong-kong\/","url_meta":{"origin":121276,"position":5},"title":"Shares in new Wharf commercial property unit make spectacular debut in Hong Kong","date":"November 23, 2017","format":false,"excerpt":"\r Shares in Wharf Real Estate Investment (REIC), which was spun off from The Wharf (Holdings), opened at HK$50.4 a share on their debut on Thursday. Wharf REIC\u2019s key assets include investment properties such as Harbour City and Times Square. \u201cWe believe its fair value is HK$48 per share, based\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\/121276"}],"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=121276"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121276\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=121276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=121276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=121276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}