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Wharf Reic

Wharf Real Estate Investment is a shopping centre and hotel owner and operator in Hong Kong. It owns the Times Square and Harbour City shopping malls in Causeway Bay and Tsim Sha Tsui, respectively, as well as the Marco Polo Hong Kong, Gateway and Prince hotels. The company was spun off from sister company Wharf (Holdings), one of Hong Kong's biggest landowners, in 2017, and is part of Wheelock and Co.

Chairman / President

Stephen T.H. Ng

CEO / Managing Director

Stephen T.H. Ng

CFO / Finance Director

Paul Y.C. Tsui

Industry

Real estate

Website

wharfreic.com

Headquarters address

Harbour City, 16 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong

Stock Code

SEHK:1997

Year founded

2017

Harbour City generated HK$9.22 billion in revenue in 2025, up 1 per cent from a year earlier. Photo: Jelly Tse

Retailing

Middle East tensions add uncertainty to Hong Kong retail rents, Wharf REIC says

The landlord of Harbour City and Times Square says retail recovery remains fragile, with higher mall traffic failing to boost spending.

10 Mar 2026 - 7:01PM

Hong Kong property

As Hong Kong retail sales recover, can landlords follow with higher shop rents?

12 Oct 2025 - 10:37AM

Hong Kong

Harbour City owner says earnings sink on weak retail, property market

10 Mar 2025 - 11:01PMvideocam

Hong Kong property

Hong Kong developers to feel earnings pain amid high vacancy rates: Moody’s

Moody’s says office and retail property segments are likely to remain under pressure.

24 Oct 2024 - 6:32PMvideocam

Hong Kong’s office and retail property segments are likely to remain under pressure, according to Moody’s. Photo: Jelly Tse

Wharf Holdings

Wharf, REIC warn of rare losses as foot traffic falls at Hong Kong malls

The rare warnings show how Hong Kong’s consumption slump is trickling down to the bottom lines of the city’s shopping centre operators and landlords.

29 Jul 2024 - 4:43PM

Hong Kong property

Louis Vuitton returns to Hong Kong’s Times Square after 3-year gap

Louis Vuitton is returning to Times Square, three years after the French luxury brand shut its store, a sign of a brighter outlook for Hong Kong’s luxury retail market.

29 Apr 2024 - 8:17PMvideocam

Hong Kong property

Wharf Reic aims to stimulate spending with promotions after posting flat profit

Harbour City and Times Square owner’s 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.

7 Mar 2024 - 5:33PM

Shoppers are seen outside Harbour City shopping centre on Canton Road in Tsim Sha Tsui. Photo: Jonathan Wong

Hong Kong property

Hong Kong landlord Wharf Reic recovers to post US$230 million first-half profit

Wharf Reic reported a net profit of HK$1.8 billion (US$230 million) for the first half versus a HK$1.5 billion loss a year earlier, but said recovery was ‘impeded by global geopolitical and economic uncertainties’.

7 Aug 2023 - 4:32PMvideocam

Wharf Holdings

Wharf Reic reports loss of HK$1.47 billion for Covid-ravaged first half

Revenue declined 17 per cent compared with the first half of 2021, but the company reported a 3 per cent increase in underlying net profit while issuing a cautious outlook.

4 Aug 2022 - 8:28PMvideocam

Hong Kong property

Wharf Reic warns of losses as value of properties erodes amid weak economy

Wharf Reic, which is controlled by tycoon Peter Woo Kwong-ching, expects to slip into an interim loss as the value of its investment properties has suffered under poor business conditions.

14 Jul 2022 - 8:00PMvideocam

Shoppers at Times Square in Causeway Bay on June 30. Photo: Jonathan Wong

Hong Kong property

Wharf Reic says unless economy recovers, situation will be ‘difficult to deal with’

Wharf Real Estate Investment Company (Wharf Reic), which owns the Harbour City and Times Square shopping centres in Hong Kong, said it expected business to be difficult amid Hong Kong’s most serious Covid-19 outbreak yet.

3 Mar 2022 - 9:53PMvideocam

Wharf’s Harbour City shopping centre in Tsim Sha Tsui. Footfall at shopping centres suffered a big drop in the first two months of this year, says Stephen Ng, the company’s chairman and managing director. Photo: Nora Tam

Hong Kong property

Wharf Reic reports 10 per cent rise in first-half revenue, rues absence of tourists

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.

6 Aug 2021 - 7:54AMvideocam

Hong Kong stock market

Hong Kong stocks gain, with bargain hunting in virus-battered property shares

Gains accelerated in the afternoon, as sentiment turned up after three straight sessions of losses. Trading sentiment overall is positive in Hong Kong, where the benchmark rose in back-to-back months. Excitement continues over a new tech board and IPOs.

25 Oct 2020 - 5:09PM

Retail properties

Hong Kong outlook ‘pathetic’, Wharf REIC says as it reports revenue drop

Hong Kong shopping centre and hotel operator Wharf Real Estate Investment Company (Wharf REIC) said on Thursday the outlook for the city’s economy was “pathetic” and “dire” in the near term.

5 Mar 2020 - 10:45PM

Tenants at Wharf REIC’s Times Square shopping centre reported a 19 per cent drop in retail sales for 2019. Photo: Robert Ng

Stocks

Stocks Blog: Hang Seng jumps on heels of huge pro-democracy win in Hong Kong elections; Tencent, Wharf REIC among gainers

“The gains are highly related to the election results and the peaceful weekend,” said Alan Li, portfolio manager at Atta Capital.

25 Nov 2019 - 5:10PM

Pro-democracy supporters celebrate huge gains in the district council elections. Protests have weighed on trading sentiment in Hong Kong. Photo: AP

Stocks

Stocks Blog: Tencent falls on results miss; Wharf REIC declines as protests continue

China's October industrial production and retail sales data missed estimates, but Shanghai rose a bit. Cathay falls after saying second half results to be ‘significantly below’ first half.

14 Nov 2019 - 5:47PM

Hong Kong property

Hong Kong’s retail sales depend on trade war outcome: Times Square owner

5 Mar 2019 - 10:38PM

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