{"id":149798,"date":"2025-03-13T17:15:07","date_gmt":"2025-03-13T10:15:07","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wharf-swings-to-2024-loss-as-mainland-china-write-downs-add-to-sales-slump-office-glut\/"},"modified":"2025-03-13T19:03:35","modified_gmt":"2025-03-13T12:03:35","slug":"wharf-swings-to-2024-loss-as-mainland-china-write-downs-add-to-sales-slump-office-glut","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wharf-swings-to-2024-loss-as-mainland-china-write-downs-add-to-sales-slump-office-glut\/","title":{"rendered":"Wharf swings to 2024 loss as mainland China write-downs add to sales slump, office glut"},"content":{"rendered":"


\nThe owner of Times Square shopping centre and office towers posted a 2024 loss of HK$3.22 billion, from a profit in 2023, after a write-down of HK$5.99 billion.
\n
\nSource : South China Morning Post
\nRead more…Wharf swings to 2024 loss as mainland China write-downs add to sales slump, office glut<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The owner of Times Square shopping centre and office towers posted a 2024 loss of...<\/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-149798","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-CY6","jetpack-related-posts":[{"id":172350,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wharf-firms-up-balance-sheet-as-hong-kong-home-sales-cushion-profit-slump\/","url_meta":{"origin":149798,"position":0},"title":"Wharf firms up balance sheet as Hong Kong home sales cushion profit slump","date":"August 11, 2026","format":false,"excerpt":"\r Hong Kong developer Wharf (Holdings) is increasingly relying on Hong Kong\u2019s luxury-home market to offset weakness in mainland China, while paring investments and building up cash as it navigates an uncertain outlook. Revenue from Wharf\u2019s Hong Kong development properties nearly tripled to HK$1.35 billion (US$172 million) from HK$475 million\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":149798,"position":1},"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":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":149798,"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":171136,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-swire-and-wharf-report-profit-growth-amid-valuation-pressure\/","url_meta":{"origin":149798,"position":3},"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":47329,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wharf-delivers-25pc-rise-in-annual-core-earnings\/","url_meta":{"origin":149798,"position":4},"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":[]},{"id":121354,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wharfs-first-half-results-improve-helped-by-resurgent-sales-of-luxury-homes-in-hong-kong-and-strong-consumption-in-china\/","url_meta":{"origin":149798,"position":5},"title":"Wharf\u2019s first-half results improve, helped by resurgent sales of luxury homes in Hong Kong and strong consumption in China","date":"August 10, 2021","format":false,"excerpt":"\r Wharf Holdings, one of Hong Kong\u2019s biggest builders of luxury homes and shopping centres, improved its first-half financial results, as strong sales of ultra-expensive residences and investment gains bolstered its bottom line.The company\u2019s underlying interim net loss narrowed by 53.5 per cent to HK$526 million (US$67.58 million) from HK$1.13\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\/149798"}],"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=149798"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/149798\/revisions"}],"predecessor-version":[{"id":149799,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/149798\/revisions\/149799"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=149798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=149798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=149798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}