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K Wah International

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K Wah International

K Wah International

K Wah International

K Wah International Holdings invests in and develops real estate in Hong Kong, China, and Southeast Asia. It owns a controlling stake in K Wah Construction Materials, which sells and distributes concrete pipes and aggregates; and makes and distributes ready-mixed concrete and precast concrete products.

Buyers flock to buy flats on offer at Grand Mayfair in Yuen Long in May 2022. Photo: K.Y. Cheng

Hong Kong property

Buyers forfeit deposits on Grand Mayfair project after market slump

Buyers of 19 flats in Yuen Long project cancelled their contracts on Tuesday, project developers say.

19 Jun 2025 - 7:12PM

Macau’s Galaxy boss: open Hengqin Island to address hotel shortage

2 Jun 2025 - 7:32PM

Hong Kong property

4 Hong Kong developers submit bids for Tung Chung residential land

14 Feb 2025 - 6:55PM

Galaxy Entertainment names founder Lui Che-woo’s son as chairman

Francis Lui, 69, has been the deputy chairman of the company since 1997.

13 Dec 2024 - 7:46PM

Francis Lui Yiu-tung, the eldest son of Lui Che-woo, has been named chairman of Galaxy Entertainment. Photo: Elson Li

Hong Kong property

Lui Che-woo, property and casino magnate of K. Wah and Galaxy, dies at 95

Lui, the chairman of the K. Wah Group of companies, died peacefully on November 7, according to filings to the Hong Kong stock exchange by his companies.

13 Jan 2025 - 3:37PM

Hong Kong property

Developers entice Hong Kong homebuyers with discounts in weekend sale bonanza

Most of the new units on Saturday came from Villa Garda III in Tseung Kwan O, which sold 73 of the 138 put up for sale.

26 Aug 2023 - 6:30PMvideocam

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Hong Kong property

K Wah’s profit falls by more than half amid Hong Kong’s higher interest rates

K Wah, the property developer owned by one of Macau’s biggest casino owners, said its first-half profit declined by more than half after Hong Kong’s elevated interest rates dampened demand for homes.

23 Aug 2023 - 8:00PM

Hong Kong’s Kowloon peninsula. It ‘is well positioned to prudently capture any opportunities in Hong Kong and the mainland’, K Wah says. Photo: Elson Li

Earnings shrink at state-backed COLI, Poly Property amid rout in home sales

Covid-19 lockdowns, ‘three red lines’ policy and other economic challenges contributed to weaker profits amid the housing industry’s worst slump since 1998.

24 Aug 2022 - 6:30PMvideocam

Hong Kong property

Tuen Mun site bids rejected as premiums come below reserve price

The Hong Kong government rejected all five bids received for a 1.3 million square feet residential site in Tuen Mun, as all tenders came in below the reserve price.

26 Apr 2022 - 9:44PMvideocam

Hong Kong property

K Wah reports first decline in core profit since 2017 in absence of Galaxy dividend

K Wah International Holdings, the property developer owned by one of Macau’s biggest casino owners, reported its first drop in annual core earnings since 2017 after a Covid-19 led tourism slump deprived it of dividends from the gambling business.

22 Mar 2022 - 6:30PM

Lui Che-Woo, the chairman of K Wah International as well as Galaxy Entertainment Group. Photo: Bloomberg

Hong Kong property

Wharf pays higher-than-expected US$1.5 billion for Peak plot, sets record

Wharf (Holdings) has agreed to pay a higher-than-expected HK$12 billion (US$1.5 billion) to become the owner of the first residential land parcel to be sold since 2010 in Hong Kong’s most exclusive housing enclave.

24 Dec 2020 - 12:19PMvideocam

The government-owned Quarters Premises on Mansfield Road, The Peak on October 12, 2018. Photo: Roy Issa

Hong Kong property

Hong Kong buyers flock to new launches, snubbing leftovers

The success of El Futuro, following the sell-out launch of New World Development’s Pavilia Farm in Tai Wai in the same district, underscores how only the newest projects are catching the eyes – and the chequebooks – of Hong Kong’s homebuyers, amid an oversupply of property expected in the fourth quarter.

31 Oct 2020 - 11:25PM

Hong Kong property

K. Wah’s Kai Tak property sale flops as homebuyers stay on sidelines

Hong Kong’s property market has been in a downbeat mood since the decade-long bull run in Hong Kong’s home market stalled in recent months, as the combination of the trade war and the city’s political unrest have deterred property buyers from large capital commitments.

7 Dec 2019 - 11:33PM

Hong Kong property

Developers pick up Kai Tak’s most valuable plot at 27 per cent discount

Valuers had slashed their estimates for the site, which offers unobstructed views of one of the world’s most iconic skylines across the Victoria Harbour from Kowloon, by between 15 per cent and 20 per cent, since Hong Kong’s descent into regular anti-government protests that began in early June.

14 Nov 2019 - 10:44AM

Aerial drone view of Kai Tak on 27 September 2019, where residential buildings are under construction. Photo: Martin Chan

Hong Kong property

Kai Tak plot receives muted response even after 15 per cent discount

Only Sun Hung Kai Properties, CK Asset and two consortiums led by Sino Land and China Overseas Land & Investment submit bids for sea-facing parcel on the runway of Hong Kong’s former airport.

8 Nov 2019 - 10:53PM

The ongoing protests in Hong Kong have dampened property developers’ participation in land tenders. Photo: AP Photo

Hong Kong property

Hong Kong’s first weekend home sale flops as rallies deter buyers

Even though the controversial bill is “dead”, according to the city’s Chief Executive Carrie Lam Cheng Yuet-ngor on July 9, protesters have pressed on with their rallies, weighing on Hong Kong’s business sentiments.

14 Jul 2019 - 11:44AM

Hong Kong property

Housing demand helps developers clear stock before vacancy tax

23 Jun 2018 - 11:26PM

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Hong Kong property

Home sales show no sign of cooling as Solaria gets robust response

As many as 8,400 buyers submitted bids for 238 available units, even after the developer set a 24 per cent price premium over projects in the neighbourhood

2 Jun 2018 - 11:30PM

As many as 8,400 buyers submitted bids for 238 available units, even after the developer set a 24 per cent price premium over projects in the neighbourhood

Hong Kong property

K Wah sets 24pc price premium at Solaria amid upbeat home sales

25 May 2018 - 7:30AM

Developer K Wah eyes expansion in rich mainland areas

23 Nov 2017 - 7:02AM

Hong Kong company reporting season

K Wah’s interim core profit declines 28.7 per cent

23 Aug 2017 - 7:53PM

K Wah’s interim core profit drops as it defers booking most of its home sales under accounting rule

Hong Kong housing

K Wah’s Lui Che-woo to return Hong Kong quarry site for housing

10 Nov 2021 - 1:26PM

Tycoon to return Hong Kong’s largest quarry site to government for building 10,000 homes

Hong Kong property

New | K Wah pays HK$5.87 billion for Kai Tak site, winning Hong Kong’s final land auction for 2016

29 Dec 2016 - 5:05PM

K Wah aims to double its investment property portfolio

K Wah International aims to double its investment property portfolio to 200,000 square metres in the next three to four years in a bid to enhance its recurrent income after first-half profit sank 76 per cent to HK$214 million due to a sharp fall in property sales.

7 May 2015 - 5:25PM

Developer K Wah gears up to boost investment property stock

27 Mar 2014 - 1:01AM

K Wah chairman Lui Che-woo says the company will continue to invest equally in Hong Kong and on the mainland. Photo: SCMP

Shanghai free-trade zone

K Wah joins the frenzy over Shanghai zone

Hong Kong developer K Wah International has jumped on the bandwagon of the free-trade zone in Shanghai, hoping its upcoming residential project near the zone may anchor its expansion plans in the mainland's commercial hub.

30 Sep 2013 - 5:02AM

K Wah International chairman Lui Che-woo says there are plenty of opportunities around the world. Photo: SCMP

K Wah International gloomy about Hong Kong property as it reports profit slump

K Wah International forecasts Hong Kong property prices to fall 10 per cent to 20 per cent if the government keeps its cooling measures in place.

30 Aug 2013 - 3:40AM

Hong Kong stamp duty

K Wah keeps the faith despite curbs

7 May 2015 - 12:48PM

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