K Wah International Holdings

What K Wah International Holdings does

K Wah International Holdings Limited (KWIH, HKEX: 00173) is a Hong Kong-headquartered property development and investment company founded in 1989, operating as the listed property arm of the privately held K. Wah Group under family control of the Lui family. The company focuses on premium residential, commercial, and mixed-use real estate developments in Hong Kong and Mainland China, with strategic concentration in Hong Kong, the Yangtze River Delta, and the Pearl River Delta. As of FY2025, the company reported attributable revenue of HK$11.5 billion (a 37% year-over-year increase), attributable contracted sales of HK$5.7 billion, and a loss attributable to equity holders of HK$870 million.

The company's business model centres on the development and sale of residential units, complemented by investment property leasing and hospitality operations, with a stated attributable land bank of approximately 1.27 million sq.m. of gross floor area. Active development projects include Solaria, K.SUMMIT, KT Marina, Victoria Voyage, La Mirabelle, Kabitat Tin Hau, Chantilly, J SENSES, Stanford Residences, EDGE, WYSH, Palace Lane, Cosmo, Sierra, Cavendish, VETTA, J City, Grand Summit, Avenir, and AKIS. The company pursues joint venture structures with major Hong Kong landholders and developers, including Sino Group, Kerry Properties, China Merchants Land, and MTR Corporation (on the La Mirabelle project), to access consortium-controlled and transit-oriented sites.

KWIH holds recognised green building certifications across LEED, BEAM Plus, and the China Green Building Label, and has been named a BCI Asia Top Ten Hong Kong Developer (11 times). The company is exposed to the cyclical dynamics of the Hong Kong and Mainland China property markets, with revenue dependent on project hand-over timing and contracted sales dependent on end-demand from owner-occupiers and investors in the premium segment. The FY2025 loss position indicates margin pressure and/or asset revaluation challenges, which is a material risk consideration for prospective investors.

Name

K Wah International Holdings

Legal name

K. Wah International Holdings Limited

Website

https://kwih.com

Company type

Public

Founded year

1989

Operating status

Operating

Headcount range

501–1,000 employees

Short description

K Wah International Holdings (HKEX: 00173) is a Hong Kong-headquartered property developer of premium residential, commercial, and mixed-use real estate in Hong Kong and Mainland China, with a 1.27 million sq.m. land bank focused on Hong Kong, the Yangtze River Delta, and the Pearl River Delta.

Ownership category

akta.pro rank

Headquarters

HQ city

Eastern

HQ country

Hong Kong SAR China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Residential Property Sales: Primary revenue stream from sales of premium residential units across Hong Kong and Mainland China developments. For FY2025, attributable revenue increased 37% year-on-year to approximately HK$11.5 billion.
2. Commercial and Investment Property Revenue: Revenue from investment properties including Grade-A office towers, retail premises, and commercial complexes held for lease income.
3. Hotel and Serviced Apartments: Stanford Residences branded serviced apartments and Crowne Plaza Guangzhou Huadu hotel operations provide recurring hospitality revenue.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

K Wah International Holdings is the listed property arm of K. Wah Group, developing and investing in premium residential communities, Grade-A office towers, hotels and serviced apartments, retail premises and mixed-use complexes in Hong Kong, the Yangtze River Delta and the Pearl River Delta. Revenue is generated primarily through the sale of residential units to individual buyers, recurring rental income from investment properties, and recurring service revenue from hotel, serviced apartment and property management operations.

Product overview

K. Wah International Holdings is a leading integrated property developer and investor with a strategic focus on Hong Kong and Mainland China (Yangtze River Delta and Pearl River Delta regions). The company develops premium residential communities, Grade-A office towers, hotels and serviced apartments, and retail premises. Its portfolio includes residential developments (Solaria, K.SUMMIT, KT Marina, Victoria Voyage, La Mirabelle, Kabitat Tin Hau), investment properties (Chantilly, J SENSES), commercial properties (EDGE, WYSH, Palace Lane), and serviced apartments (Stanford Residences) in Hong Kong and Mainland China cities including Shanghai, Nanjing, Guangzhou, Suzhou, Dongguan, and Jiangmen. Property management is handled through Cresleigh Property. Projects emphasize quality design, craftsmanship, and innovative features under the 'Impeccable Quality' and 'K. Wah Plus' philosophies.

Differentiator

Problem solved

Functional benefit

Products and services

• Solaria Large-scale residential project located in Pak Shek Kok, Hong Kong, featuring hotel-serviced property management delivered by wholly-owned subsidiary Cresleigh Property; targeted at premium residential buyers.
• K.SUMMIT Large-scale residential and commercial complex development in Kai Tak, Hong Kong, with integrated commercial retail and office components serving both residential buyers and commercial tenants.
• KT Marina Residential development project located at 15 Shing Fung Road, Kai Tak, Kowloon, Hong Kong, targeted at premium residential buyers and investors.
• Victoria Voyage Joint venture residential project in the Kai Tak runway area, Hong Kong, serving premium residential upgraders.
• La Mirabelle Joint venture residential project in Tseung Kwan O, Hong Kong, comprising approximately 2,550 units across two phases, co-developed with Sino Group, Kerry Properties, China Merchants Land and MTR Corporation; located near MTR stations.
• Kabitat Tin Hau Solely-owned residential project on King's Road in Tin Hau, Hong Kong, targeted at premium residential buyers.
• Chantilly Premium investment property located at 6 Shiu Fai Terrace, Stubbs Road, Hong Kong, held for recurring rental income from leasing.
• J SENSES Commercial complex at Johnston Road, Wanchai, Hong Kong, held by KWIH as an investment property for recurring rental income.
• Stanford Residences High-end serviced apartment brand offering hotel-serviced property management with 24-hour butler services at locations in Shanghai including Jing An and Xu Hui districts, targeted at business and leisure travellers seeking extended-stay luxury accommodation.
• EDGE Landmark mixed-use development in Shanghai featuring office, retail and cultural spaces; awarded LEED (core and shell) Gold certification and China Green Building Label.
• WYSH Urban redevelopment project on Wuyi Road in Shanghai integrating office, retail, exhibition and public cultural spaces.
• Palace Lane Art and lifestyle landmark in Shanghai combining Eastern and Western cultures with trendy fashion, cuisine and lifestyle offerings.
• Cosmo (Guangzhou) Large-scale integrated community in Guangzhou's Huadu District, targeted at premium residential buyers and upgraders.
• Sierra (Nanjing) Residential project in Jianye District, Nanjing, forming part of the integrated AKIS development.
• Cavendish Award-winning residential high-rise project at 68 Nonghua Road, Jiangning District, Nanjing.
• VETTA Residential project in Suzhou's Xiangcheng District, serving premium Mainland China buyers.
• J City Residential project in Jiangmen's Jianghai District, targeted at Mainland China residential buyers.
• Grand Summit Luxury residential project in Jingan District, Shanghai, targeted at premium residential buyers.
• Avenir Residential project in Shanghai and one of the city's earliest residential developments designed to comply with the Technical Standard for Nearly Zero Energy Buildings, achieving overall energy savings of over 60%.
• AKIS Landmark integrated development in Nanjing's Hexi New Town integrating residences, apartments, retail, office spaces and hotel operations into a single mixed-use complex.
• Cresleigh Property Wholly-owned property management subsidiary delivering hotel-serviced property management services to premium residential buildings, commercial facilities, office towers and real estate complexes.

Quantifiable outcome

• KT Marina 1: Over 660 units sold cumulatively
• +4 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• Sino GroupcoreStrategic or Co-development Partner · 31 March 2026Joint development partner for La Mirabelle residential project in Tseung Kwan O. Sino Group is a major Hong Kong property developer collaborating on this large-scale residential development comprising approximately 2,550 units across two phases.
• Kerry PropertiescoreStrategic or Co-development Partner · 31 March 2026Joint development partner for La Mirabelle residential project in Tseung Kwan O. Kerry Properties is a publicly listed property developer in Hong Kong contributing to the development of approximately 2,550 residential units.
• China Merchants LandcoreStrategic or Co-development Partner · 31 March 2026Joint development partner for La Mirabelle residential project in Tseung Kwan O. China Merchants Land is a subsidiary of China Merchants Bank group, participating in the development of this major residential project.
• MTR CorporationcoreStrategic or Co-development Partner · 31 March 2026Joint development partner for La Mirabelle residential project in Tseung Kwan O. MTR Corporation, the rail operator, is participating in this development which is located near MTR stations.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Henderson Land Development: One of Hong Kong's largest developers with deep residential and investment property portfolio; broad incumbent competing with KWIH for premium sites and buyer segments across Hong Kong.
• Sun Hung Kai Properties: Largest Hong Kong developer by revenue with extensive residential, commercial and investment property portfolio; broad incumbent that competes with KWIH across both Hong Kong luxury residential and Grade-A office space.
• New World Development: Hong Kong-listed conglomerate with significant residential development, commercial property and hospitality operations; broad incumbent with comparable Mainland China footprint and luxury positioning.
• China Overseas Land & Investment: Mainland-focused state-backed developer with extensive residential and commercial property portfolio; a director-level KWIH alumnus (Mr. Nip Yun Wing) previously served as its CFO, evidencing close talent and operational overlap.

Direct peers

• Hopson Development Holdings: Mainland China-focused developer with significant exposure to Pearl River Delta and Yangtze River Delta residential markets; comparable scale and product mix in KWIH's Mainland China geographies.
• Far East Consortium: Hong Kong-listed developer with residential and hotel operations spanning Hong Kong, Mainland China, UK and Australia; comparable premium residential pipeline and recurring hospitality income streams (akin to KWIH's Stanford Residences).
• Sino Group: Major Hong Kong property developer listed on HKEX; directly comparable to KWIH for premium Hong Kong residential development and joint-venture participation (e.g., co-developer on La Mirabelle in Tseung Kwan O).
• Wheelock Properties: Hong Kong-focused developer of premium residential and mixed-use projects; comparable product mix and target buyer segment as KWIH, especially for waterfront and urban renewal sites in Hong Kong.
• Kerry Properties: Hong Kong-listed integrated developer with overlapping premium residential and mixed-use portfolio across Hong Kong and Mainland China; co-developer with KWIH on La Mirabelle, making it a direct comparable.
• China Merchants Land: Hong Kong-listed subsidiary of China Merchants Group with residential development exposure in Mainland China and Hong Kong; co-developer with KWIH on La Mirabelle and operates in similar Pearl River Delta markets.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/k-wah-international-holdings-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about K Wah International Holdings