{"id":135135,"date":"2023-03-09T17:30:08","date_gmt":"2023-03-09T10:30:08","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wharf-sees-2022-profits-tumble-92-per-cent-as-pandemic-batters-hong-kong-mainland-china-property-revenues\/"},"modified":"2023-03-09T17:44:28","modified_gmt":"2023-03-09T10:44:28","slug":"wharf-sees-2022-profits-tumble-92-per-cent-as-pandemic-batters-hong-kong-mainland-china-property-revenues","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wharf-sees-2022-profits-tumble-92-per-cent-as-pandemic-batters-hong-kong-mainland-china-property-revenues\/","title":{"rendered":"Wharf sees 2022 profits tumble 92 per cent as pandemic batters Hong Kong, mainland China property revenues"},"content":{"rendered":"


\nThe developer saw every segment of its operations in Hong Kong and mainland China slow down, with net profit for the year falling 92 per cent amid what the company called \u2018weak markets\u2019 and \u2018pandemic woes\u2019.
\n
\nSource : South China Morning Post
\nRead more…Wharf sees 2022 profits tumble 92 per cent as pandemic batters Hong Kong, mainland China property revenues<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The developer saw every segment of its operations in Hong Kong and mainland China slow...<\/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-135135","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-z9B","jetpack-related-posts":[{"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":135135,"position":0},"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":142992,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wharf-sees-more-struggles-ahead-in-hong-kong-mainland-china-property-markets-after-reporting-weak-sales-profit-in-2023\/","url_meta":{"origin":135135,"position":1},"title":"Wharf sees more struggles ahead in Hong Kong, mainland China property markets after reporting weak sales, profit in 2023","date":"March 12, 2024","format":false,"excerpt":"\r \u2018China 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.\r \r Source : South China Morning Post\r Read more...Wharf sees more struggles ahead in Hong Kong,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171136,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-swire-and-wharf-report-profit-growth-amid-valuation-pressure\/","url_meta":{"origin":135135,"position":2},"title":"Hong Kong developers Swire and Wharf report profit growth amid valuation pressure","date":"March 12, 2026","format":false,"excerpt":"\r Swire Properties reported stronger underlying earnings in 2025, as the Hong Kong developer stepped up asset disposals and expanded its mainland China retail portfolio, though weakness in the city\u2019s office market dragged the company into a headline loss. Underlying profit rose 27 per cent to HK$8.62 billion (US$1.1 billion),\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114818,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developer-warns-of-brewing-price-war-in-mainland-china-market-as-coronavirus-hurts-home-sales-chokes-cash-flow\/","url_meta":{"origin":135135,"position":3},"title":"Hong Kong developer warns of brewing price war in mainland China market as coronavirus hurts home sales, chokes cash flow","date":"March 10, 2020","format":false,"excerpt":"\r Wharf (Holdings) said a price war in the mainland China market is brewing because builders are desperate to improve cash flow after the coronavirus outbreak choked home sales this year.The property and logistics group, controlled by Hong Kong billionaire Peter Woo Kwong-ching, is cautious about adding to its 3.6\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":159067,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wharf-posts-first-half-profit-as-hong-kong-luxury-market-offsets-mainland-woes\/","url_meta":{"origin":135135,"position":4},"title":"Wharf posts first-half profit as Hong Kong luxury market offsets mainland woes","date":"August 12, 2025","format":false,"excerpt":"\r Hong Kong developer Wharf (Holdings) swung to a profit in the first half, supported by lower borrowing costs and a recovery in the city\u2019s luxury housing market that offset weaker demand in its mainland China operations. Profit attributable to equity shareholders came in at HK$535 million (US$68.2 million), reversing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":47329,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wharf-delivers-25pc-rise-in-annual-core-earnings\/","url_meta":{"origin":135135,"position":5},"title":"Wharf delivers 25pc rise in annual core earnings","date":"March 9, 2017","format":false,"excerpt":"\r Wharf (Holdings), the Hong Kong conglomerate whose interests are spread across property, telecommunications and infrastructure, enjoyed a 25 per cent rise in core annual earnings last year, helped by rising property income from both Hong Kong and the mainland. Excluding a revaluation gain on investment properties, underlying profit was\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\/135135"}],"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=135135"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/135135\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=135135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=135135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=135135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}