Wheelock Properties

Core profit up 8pc at Wheelock & Co

Wharf, which has mainland projects including a commercial  development in Changsha, Hunan province, contributed HK$5.8 billion to Wheelock & Co's core profit. Photo: Peggy Sito

Wheelock & Co has announced a 8 per cent rise in its core profit to HK$7.82 billion for last year, but net earnings declined because of a lower net gain in revaluation of investment properties.

Friday, 28 March, 2014, 3:43pm

Wheelock pays HK$2.5b for Tseung Kwan O site

Stewart Leung Chi-kin, chairman of Wheelock. Photo: SCMP

Wheelock Properties yesterday outbid eight developers to win a residential site in Tseung Kwan O for HK$2.45 billion for what is to be its third development in the district.

11 Apr 2013 - 5:07am

Wheelock wins Tuen Mun residential site for HK$1.4b

Ricky Wong Kwong-yiu, Wheelock's managing director. Photo: K. Y. Cheng

The Lands Department said Wheelock outbid eight developers and acquired the site for HK$3,683 per square foot. The price is in line with market expectations, which ranged between HK$1.13 billion and HK$1.5 billion.

31 Jan 2013 - 5:20am

HK$2b bid wins Tseung Kwan O site for Wheelock

Construction in Tseung Kwan O. Photo: Dickson Lee

Wheelock Properties has won its second site in Tseung Kwan O with a bid of HK$1.97 billion.

14 Dec 2012 - 3:00am

Millionaires' playground

A survey by Citibank has found that the Wan Chai area, which includes Happy Valley and Causeway Bay, has the largest number of millionaires of any district in Hong Kong.

3 May 2012 - 12:00am

Taking the chair

Stewart Leung Chi-kin, chairman of the executive committee of the Real Estate Developers Association, has been appointed a director and vice-chairman of Wheelock. He also replaces Peter K. C. Woo as chairman of Wheelock Properties, where he is responsible for property development. Leung is a former director and general manager of New World Development, where he worked for about 40 years.

3 Feb 2012 - 12:00am

Leung takes the chair at Wheelock Properties

Stewart Leung Chi-kin will take over as chairman of Wheelock Properties, a wholly owned subsidiary of Wheelock & Co, and become vice-chairman of the parenty compan, next week.

28 Jan 2012 - 12:00am

On the market

HK Parkview

Set on a hill amid more than 3,000 acres of Tai Tam Country Park, the property offers spectacular views of the sea, rolling hills and hiking trails. In particular, this three-bedroom apartment for sale, covering 2,570 sq ft, is bright and breezy. It includes a car parking lot, also for sale. The asking price is HK$45 million.

7 Dec 2011 - 12:00am

Wheelock secures sea-view office site

Wheelock Properties outbid four other developers to win a commercial site at Hung Hom Bay, paying a higher-than-expected price of nearly HK$6,900 per square foot. It will build a grade-A office tower on the plot.

5 Aug 2011 - 12:00am

Landscape Architect

A leading property developer invites a seasoned landscape architect to join its expanding team.

The role includes feasibility studies, preparation of schematic and detailed design work, planning, liaising and co-ordination with the project manager, site team and consultants.

13 Aug 2010 - 12:00am

Offer for Wheelock Properties approved

Wheelock Properties shareholders voted overwhelmingly in favour of a HK$6.9 billion privatisation offer from its parent Wheelock & Co, controlled by Peter Woo Kwong-ching. In an extraordinary general meeting, 99.92 per cent of independent shareholders approved the HK$13 per share cash bid for the 25 per cent of the company that Wheelock & Co does not own.

25 Jun 2010 - 12:00am

Few bidders for former quarters

High investment risk has kept most developers away from the tender for the former government quarters in Caldecott Road near Piper's Hill in Kowloon.

6 Mar 2010 - 12:00am

Finished projects lift Wheelock profit

Wheelock Properties' underlying profit came to HK$1.4 billion last year, thanks to completed projects in Singapore, but analysts expect earnings to slow this year because of fewer completions.

18 Mar 2009 - 12:00am

Wheelock Properties doubles profit

The completion of a project in Singapore more than doubled the core profit of Wheelock Properties to HK$671 million for the six months to June but one analyst said a lower completion rate might slow earnings in the second half.

19 Aug 2008 - 12:00am

Auction deal scrapped after site delivery failure

Nanjing Suning Development said a prime commercial site in Shanghai it won at auction last year for a record 4.4 billion yuan (HK$5.01 billion) had been returned to the government.

14 Aug 2008 - 12:00am