Wharf REIC reported an 81% decrease in profits for 2024, largely attributed to a HK$5.66 billion property revaluation deficit. The company cited weak demand for commercial properties, a strong U.S. dollar, high interest rates, and an uncertain economic environment as contributing factors. In related news, China Evergrande has been ordered to repay its property unit $1.8 billion in deposit pledges. Additionally, China Evergrande Property Services Group anticipates a decline of up to 37% in its annual profit for the year ending December 31, 2024, primarily due to legal expenses associated with the deposit pledge and other factors.