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Wheelock & Co

Wheelock and Co is a Hong Kong-based company that is primarily involved in property investment, property development, property management and agency, and investment holding. It is also involved in the distribution and retail businesses, including Lane Crawford, Joyce and City'Super, with operations in Hong Kong, the British Virgin Islands, the People's Republic of China and Singapore.

Chairman / President

Douglas C K Woo

CEO / Managing Director

Douglas C K Woo

CFO / Finance Director

Paul Y C Tsui

Website

wheelockcompany.com

Headquarters address

23/F, Wheelock House, 20 Pedder Street, Central, Hong Kong

Year founded

1857

A.S. Watson chemist in Alexandra House, Central, in the early 20th century. Photo: courtesy AS Watson

SCMP’s 120th anniversary

Here are a few Hong Kong companies that began before the Post in 1903

At least a dozen of those companies that preceded the 1903 birth year of the South China Morning Post remain to this day.

15 Nov 2023 - 6:26PMvideocam

Wheelock & Co

Here are a few Hong Kong companies that began before the Post in 1903

At least a dozen of those companies that preceded the 1903 birth year of the South China Morning Post remain to this day.

Wheelock’s Monaco Marine project once gain proves popular with buyers

Developers lower prices to make up for lost time as Hong Kong eases curbs

Hong Kong developer cuts prices for first sales launch since January

Wheelock Properties priced the first 112 units at Monaco Marine in Kai Tak at an average HK$24,833 (US$3,167) per sq ft, 12 per cent below a development sold in the same area last summer.

‘Pandemic is temporary’, Wheelock says, is optimistic about housing market, prices

Hong Kong developer Wheelock Properties expects to shrug off headwinds and remains optimistic about the city’s home prices recovering 5 per cent this year if Covid-19 eases.

Wheelock fails to sell Koko Hills as Covid-19 keeps homebuyers away

The flop, in contrast to Henderson Land Development’s sell-out weekend a week earlier, showed how Hong Kong’s property buyers are becoming picky amid a flood of new apartments expected in the market.

Hong Kong’s homebuyers snap up flats in Kai Tak and near wetlands

Homebuyers shrug aside leftover projects for small, cheaper flats

The outlook for the property market has brightened, and transactions of both new and second-hand homes are expected to quicken, sales agents said.

Parking space prices soar at Lohas Park as six flats vie for each bay

The supply of car parking places has lagged far behind the growth in vehicle ownership, as developers built homes with higher profit margins at the expense of allocating space for vehicles.

Hong Kong’s luxury home sales bolster Wharf’s interim results

The resurgent sales of luxury homes underscores how the Covid-19 pandemic has not impeded the fortunes or spending habits of the wealthy class.

Concrete Analysis | Will record-setting car park prices on The Peak dictate Hong Kong’s market?

Economic wealth and the pursuit of convenience are spurring demand for car parking spaces in Hong Kong. Several factors will determine how this asset class will perform in future.

Wheelock Properties wins Kwu Tung land tender with US$540 million bid

At HK$8,499 per square foot, Wheelock Properties paid 18.3 per cent more than Sun Hung Kai Properties did for an adjacent plot in April.

MTR Corp says it followed right protocol over Central land bid

Government board members were absent from meetings related to the discussion and decision to bid for prime site in Central, MTR Corp said to allay public concerns about conflict of interest.

Hong Kong’s top developers bid for Causeway Bay commercial plot

The 286,140 sq ft site on Caroline Hill Road, the first to be offered in the area for tender since 1997, can yield a gross floor area of around 1.1 million sq ft.

Wheelock outbids five rivals for last residential plot at Wong Chuk Hang station

Wheelock’s winning bid gives it the last remaining plots of land around the city’s mass transport network.

Buyers snap up Grand Victoria flats, ignore city’s Covid-19 cluster

The brisk sales at Grand Victoria underscore the growing confidence among investors of the of Hong Kong’s economic prospects, as the city claws its way out of its worst recession on record.

Wharf REIC reports decline in net profit, projects ‘cloudy’ outlook for 2021

Wharf REIC, owner of Times Square and Harbour City luxury malls, says the Covid-19 pandemic might continue to weigh on its retail and hotel operations in Hong Kong this year.

Wharf seeks tenants for HK$1 million-a-month house on The Peak

The 10,804 square feet house on 11 Plantation Road requires potential tenants to lodge a HK$1 million deposit.

Hong Kong’s weekend homes sales fizzle as Covid-19 spoils mood

The dismal result followed a surge in coronavirus pandemic infections in Hong Kong, which kept more potential buyers at home and away from the sales venue, sales agents said.

Billionaires line up to take their companies private in volatile markets

Companies have already announced US$26 billion of transactions to be taken private by a related party this year, up about 2,500 per cent from the same period in 2019, according to data compiled by Bloomberg.

Home buyers shrug aside Covid-19 relapse for Wheelock’s new flats

CK Asset kicked off the current run when it launched its project with the highest price in Lohas Park two weekends ago. Encouraged by strong response to CK Asset’s launch, Wheelock priced Koko Hills project higher than prevailing prices in the neighbourhood.

Wheelock pushes the envelope on pricing of upcoming residential project

The first batch of 83 flats could go on sale as early as next week, with prices starting at HK$19,264 (US$2,485) per square foot.

Wheelock shareholders approve privatisation, ending 57 years of listing

The curtains are coming down on yet another Hong Kong corporate titan as Wheelock and Company prepares to go private after a year-long stock slump.

Fourth time unlucky for Evergrande as buyers shun Emerald Bay project

Mainland developer manages to sell only five flats, or 1.5 per cent, of the 338 units on offer on Sunday.

Hong Kong homebuyers turn out to give mixed response to two sales launches

The mixed results underscore how Hong Kong’s previous residential property bull run has given way to a buyers’ market, as investors now get to have the pick of the best locations with the biggest discounts in an economy mired in its worst recession o record.

Hong Kong tycoons rush to take assets private at rock-bottom prices

Asia’s third-largest equity bourse is trading at the third-lowest valuation across the region’s 14 markets, weighed down by a recession mired in the coronavirus pandemic and almost a year of anti-government protests, creating the perfect conditions for more take-private proposals.

Wheelock’s Grand Marini sale flops as homebuyers await better deals

The reversal of fortune for Wheelock’s Grand Marini over two months underscores how Hong Kong’s residential property is becoming a buyers’ market, as investors and owner-occupiers hold out for the best deals amid a glut of choices.

Hong Kong developers buy own shares to support market, boost confidence

New World Development, Wheelock and Co, and a joint venture owned by Li Ka-shing and Victor Li Tzar-kuoi buy nearly HK$1.5 billion worth of shares last month.