{"id":95719,"date":"2018-08-09T12:46:48","date_gmt":"2018-08-09T05:46:48","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-landowner-wharf-sees-core-profit-plunge-by-two-thirds-amid-falling-home-sales-in-mainland-china\/"},"modified":"2018-08-09T13:03:26","modified_gmt":"2018-08-09T06:03:26","slug":"hong-kong-landowner-wharf-sees-core-profit-plunge-by-two-thirds-amid-falling-home-sales-in-mainland-china","status":"publish","type":"post","link":"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\/","title":{"rendered":"Hong Kong landowner Wharf sees core profit plunge by two thirds amid falling home sales in mainland China"},"content":{"rendered":"


\nWharf 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.
\nThe 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 Hong Kong stock exchange.
\nEven adjusting for the spin-off of Wharf Real Estate Investment Company (Wharf REIC) last November, the company\u2019s core profit for the first half was down by 9 per…
\n
\nSource : South China Morning Post
\nRead more…Hong Kong landowner Wharf sees core profit plunge by two thirds amid falling home sales in mainland China<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Wharf Holdings, one of Hong Kong\u2019s biggest landowners, reported a 66 per cent drop in...<\/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-95719","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-oTR","jetpack-related-posts":[{"id":22474,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wharf-holdings-sees-14pc-rise-in-core-interim-profit\/","url_meta":{"origin":95719,"position":0},"title":"Wharf Holdings sees 14pc rise in core interim profit","date":"August 10, 2016","format":false,"excerpt":"\r Wharf Holdings, the Hong Kong conglomerate with interests in property, infrastructure, hotels and communications, posted better-than-expected core interim profits on Wednesday as a result of growing rental income and property sales in the mainland.\r \r Source : South China Morning Post\r Read more...Wharf Holdings sees 14pc rise in core\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":95719,"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":135135,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wharf-sees-2022-profits-tumble-92-per-cent-as-pandemic-batters-hong-kong-mainland-china-property-revenues\/","url_meta":{"origin":95719,"position":2},"title":"Wharf sees 2022 profits tumble 92 per cent as pandemic batters Hong Kong, mainland China property revenues","date":"March 9, 2023","format":false,"excerpt":"\r The 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.\r \r Source : South China Morning Post\r Read more...Wharf sees 2022 profits tumble\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":95719,"position":3},"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":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":95719,"position":4},"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":47329,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wharf-delivers-25pc-rise-in-annual-core-earnings\/","url_meta":{"origin":95719,"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\/95719"}],"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=95719"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/95719\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=95719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=95719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=95719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}