{"id":142933,"date":"2024-03-07T16:33:18","date_gmt":"2024-03-07T09:33:18","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-mall-owner-wharf-reic-looks-to-stimulate-spending-with-promotions-after-posting-flat-profit\/"},"modified":"2024-03-07T16:40:01","modified_gmt":"2024-03-07T09:40:01","slug":"hong-kong-mall-owner-wharf-reic-looks-to-stimulate-spending-with-promotions-after-posting-flat-profit","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-mall-owner-wharf-reic-looks-to-stimulate-spending-with-promotions-after-posting-flat-profit\/","title":{"rendered":"Hong Kong mall owner Wharf Reic looks to stimulate spending with promotions after posting flat profit"},"content":{"rendered":"


\nHarbour 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.
\n
\nSource : South China Morning Post
\nRead more…Hong Kong mall owner Wharf Reic looks to stimulate spending with promotions after posting flat profit<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Harbour City and Times Square owner\u2019s full-year 2023 profit fell 3 per cent to US$767.3...<\/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-142933","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-Bbn","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":142933,"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":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":142933,"position":1},"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":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":142933,"position":2},"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":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":142933,"position":3},"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":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":142933,"position":4},"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":[]},{"id":113371,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/louis-vuitton-plans-to-close-hong-kong-luxury-store-hit-by-protests-shopping-mall-apparently-refused-a-rent-cut\/","url_meta":{"origin":142933,"position":5},"title":"Louis Vuitton plans to close Hong Kong luxury store hit by protests; shopping mall apparently refused a rent cut","date":"January 3, 2020","format":false,"excerpt":"\r Louis Vuitton, the world\u2019s top luxury brand, is the first label to respond to the impact of the anti-government protests that have gripped Hong Kong for the past seven months by closing one of its stores in the city.According to sources familiar with the matter, the brand, which is\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\/142933"}],"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=142933"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/142933\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=142933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=142933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=142933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}