Asia real estate and outbound investment news
Wharf Real Estate Investment Company recorded a net profit of HK$1.78 billion (US$227.92 million) in the first six months of 2023, a turnaround from a HK$1.53-billion loss a year ago as Hong Kong’s reopening has brought back big-spending tourists.
In… Read More>>
Wharf Holdings is bracing to report a full-year loss for 2022 after a slowdown in the Hong Kong developer’s mainland China business.
The blue-chip builder majority-owned by Peter Woo’s Wheelock and Company may post a loss for the 12 months… Read More>>
In today’s roundup of regional news headlines, an Alberta-based investment manager picks Singapore for its first office in Asia, Hong Kong’s CK Asset explores land purchases in the city-state, and casino operator Genting Singapore reportedly attracts takeover interest.
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Wharf Holdings on Wednesday reported a 7 percent rise in its 2021 underlying net profit to HK$3.65 billion (now $470 million), but the Hong Kong developer cited lingering COVID-19 troubles and the war in Ukraine as it gave a downbeat… Read More>>
In today’s roundup of regional news headlines, Singapore real estate major Mapletree is reportedly consulting with various banks on an IPO for a student housing REIT, Hong Kong’s Wharf REIC predicts continued hard times after an annual profit drop, and… Read More>>
In today’s roundup of regional news headlines, China Evergrande’s latest credit downgrade comes with the warning of a “downward spiral”, Korea’s third-largest conglomerate readies a September IPO for SK REIT, and Hong Kong’s Wharf REIC posts a double-digit rise in… Read More>>
