Soundwill Holdings H1 revenue up on property development unit strength

Soundwill Holdings

20/08/2026 11:27

Overview
Hong Kong property developer's H1 revenue rose yr/yr, driven by property development income
Net loss for H1 narrowed 64% yr/yr, helped by lower valuation loss on investment properties
Rental revenue saw a slight decline due to continued rental pressures in core markets

Outlook
Company plans to fix price lists for more iCITY workshops and market top floor units in H2 2026
Soundwill to maintain prudent approach in property development and strict control over landbank
Company aims to enhance operational efficiency and flexibility in core property leasing business

Result Drivers
PROPERTY DEVELOPMENT INCOME - Revenue growth was mainly driven by higher income from the property development segment, particularly the iCITY project
LOWER VALUATION LOSS - Net loss narrowed due to a decrease in valuation loss on investment properties compared to the prior year
RENTAL PRESSURE - Rental revenue declined slightly as core assets faced downward pressure on renewals amid changing consumer patterns and increased competition

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
HK$307.90 mln
 
H1 Net Loss Attributable
 
HK$484.50 mln
 

Reuters Recommended Reads
Aug 20 - Hong Kong's Henderson Land H1 underlying profit rises on property sales
Aug 18 - Hong Kong's Prosperity REIT H1 revenue falls 2.7% on office market pressure
Aug 20 - Chinese Estates Holdings H1 loss narrows

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-20/13ab7247-ff3f-40ca-a530-ad6ee7757909.file
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)