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.
last updated:
23 August, 2024
Francis Lui Yiu-tung, the eldest son of Lui Che-woo, has been named chairman of Galaxy Entertainment. Photo: Elson Li
Casinos

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

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

Hong Kong property

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

Hong Kong property

Developers entice Hong Kong homebuyers with discounts in weekend sale bonanza

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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.

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
China property

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.

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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.

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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.

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.

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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.

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.

Potential buyers queue for K Summit by K Wah International on 7 December 2019. Photo: Xiaomei Chen
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.

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.

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.

Hong Kong property

Housing demand helps developers clear stock before vacancy tax

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

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

Lui Che-Woo

Developer K Wah eyes expansion in rich mainland areas

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Hong Kong company reporting season

K Wah’s interim core profit declines 28.7 per cent

Hong Kong housing

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

Hong Kong property

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

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.

K Wah is cautiously optimistic about the market outlook despite a pick-up in transaction volumes in Hong Kong. Photo: Bloomberg

Developer K Wah gears up to boost investment property stock

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.

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.

Hong Kong stamp duty

K Wah keeps the faith despite curbs

Marinella, a residential joint-venture project by K. Wah International, Sino Land and Nan Fung Development. Photo: Nora Tam
Lui Che-Woo

Monday Face: Lui Che-woo

Chariman of K Wah Group and Galaxy Entertainment Group, Lui Che-woo at last year's Galaxy Macau Resort opening. Photo: Jonathan Wong
Sino Land Co

Stock Talk | Market Open:Hong Kong stocks seen higher on easing hopes after disappointing China PMI

Hong Kong stocks may open higher after a two-day National Holiday break on speculation that more easing measures could be in the pipeline to revive growth 

Sino Land Co

Despite cooling efforts, HK land auctions fetch record-breaking prices

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