Wheelock Properties
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Wheelock Properties

Wheelock Properties
Wheelock Properties
The latest news, analysis and opinion on Wheelock Properties. In-depth analysis, industry insights and expert opinion.
Chairman / President
Wai Clarence
CEO / Managing Director
Wai Clarence
CFO / Finance Director
Winnie Tse
Industry
Real estate
Website
wheelockpropertieshk.com
Headquarters address
2/F, One Island South, 2 Heung Yip Road, Wong Chuk Hang, Hong Kong
Year founded
1923
No 15 Shouson Hill is surrounded by a verdant green landscape. Photo: Emperor Group
Hong Kong property

Hong Kong hedge fund founder pays US$74.3 million for luxury Shouson Hill home

Matrix Properties, in which CoreView Capital’s Vincent Gao Leyi is a director, snaps up House 6 at the upscale No 15 Shouson Hill.

Hong Kong property

Chinachem secures plot in Hong Kong’s Tsuen Wan for US$318 million

Hong Kong property

Tomson Group’s Charles Tong buys US$14.4 million Hong Kong home

Hong Kong property

Wheelock’s Wan Chai project sells out in 2 hours amid housing rebound

Hong Kong’s latest rate cut has revived buying appetite, with Wheelock’s Wan Chai project selling out amid easing borrowing costs.

Anxious buyers snapped up all of Wheelock Property’s Spring Garden project within two hours. Photo: Jonathan Wong
Hong Kong property

Hong Kong developer Great Eagle’s executives jointly acquire US$1.5 million flat

Rising Thrive, an entity linked to Great Eagle’s executives, bought a 773 sq ft flat in Grand Mayfair in Kam Tin South.

Hong Kong property

High-profile property sales add to Hong Kong’s market momentum

The flats, worth a combined US$9.4 million, were sold to entities linked to William Harry Tang, the son of ex-finance minister Henry Tang.

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Sino Land Co

Sino Land wins Tuen Mun land tender with HK$1 billion bid as market improves

The transaction marks the Hong Kong government’s first residential plot sale this financial year.

A general view of Hoi Chu Road in Tuen Mun. Photo: Google Maps
Hong Kong property

Wharf swings to 2024 loss as write-downs add to glut, sales slump

The company posted a 2024 loss of HK$3.22 billion and set aside HK$2.02 billion in impairment provisions.

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Hong Kong property

1 in 6 Hongkongers are eyeing home purchase in next 5 years: HSBC

Around 300,000 households will be in the market, exceeding expected supply, the lender estimates.

Hong Kong property

Big Hong Kong developers enter fray for Sha Tin land tender

Site STTL 625, which has an area of 5,652 square metres, can support a total of 570 units.

The tender for a land parcel located at the junction of Siu Lek Yuen Road and Sha Tin Wai Road in Sha Tin closed on Friday. Photo: Sam Tsang
Hong Kong property

Hong Kong developers to feel earnings pain amid high vacancy rates: Moody’s

Moody’s says office and retail property segments are likely to remain under pressure.

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Hong Kong’s office and retail property segments are likely to remain under pressure, according to Moody’s. Photo: Jelly Tse
Hong Kong property

Hong Kong eases mortgage lending restrictions to jump-start market

HKMA allows buyers to borrow up to 70% of a property’s value, with the aim of reviving the market where prices have declined by 6.2% in the year’s first eight months.

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Wharf Holdings

Wharf, REIC warn of rare losses as foot traffic falls at Hong Kong malls

The rare warnings show how Hong Kong’s consumption slump is trickling down to the bottom lines of the city’s shopping centre operators and landlords.

Hong Kong property

Hong Kong land sale ‘far exceeds’ expectations as 11 firms submit bids

Despite the slumping property market, major developers CK Asset and Sino Land are among the firms vying for a plot of land that will support 280 flats in Sha Tin.

A view of City One Shatin on February 21, 2024. Photo: Jelly Tse
Hong Kong property

Buyers shun new flats in Tseung Kwan O, as Hong Kong home sales slow

Home purchases in Hong Kong are slowing down after an initial spate of enthusiasm sparked by the government’s rollback of cooling measures in February.

Park Seasons is part of Lohas Park in Tseung Kwan O. Photo: Dickson Lee
Weekend Property

Wheelock’s Park Seasons flats find buyers as discounts ease rate fears

Some analysts have expressed concern that buyers may hesitate to purchase homes should the rate cut not materialise this year.

Hong Kong property

Hong Kong homebuyers flock to Wheelock’s Seasons Place in Tseung Kwan O

Wheelock Properties sold 120 units of the first batch of 368 units on offer at Seasons Place on Saturday.

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Hong Kong property

Wheelock prices Seasons Place project at 5-year low for Tseung Kwan O

Hong Kong developer Wheelock Properties has priced a first batch of 130 units at its Seasons Place residential project in Tseung Kwan O at a five-year low for the district.

Lohas Park in Tseung Kwan O. Photo: Martin Chan
Hong Kong property

Chinese buyers return to Hong Kong’s luxury property market as activity picks up

Hong Kong’s luxury property segment is showing signs of a revival, with mainland buyers returning to the market. Analysts expect developers to ramp up supply amid increasing demand and lower rates ahead.

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Hong Kong property

Buyers opt for cheaper homes in Hong Kong’s first 2024 weekend sales

Buyers snapped up nearly 60 per cent of 165 units on offer at the Phoenext project in Wong Tai Sin, while shunning more expensive flats at KT Marina.

Hong Kong property

Analysis | How high rebates help Hong Kong developers lure homebuyers in a sluggish market

Rebates serve as a price-adjustment tool for property developers under existing industry regulation, according to JLL Hong Kong’s Joseph Tsang.

Midland Realty and Centaline Property Agency are involved in nearly 90 per cent of all real estate transactions in Hong Kong. Photo: SCMP
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.

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

Wheelock wins tender at lowest price for Hong Kong Island since 2002

The government’s first land tender of the financial year has fetched the lowest price for Hong Kong Island since June 2002 and is more than 25 per cent lower than prices seen in November.

Hong Kong property

Kennedy Town plot fetches just 6 bids as market gloom deters developers

The first government land tender of this financial year ended up attracting far fewer bids than expected as the prospect of further interest rate hikes and new housing supply dimmed the outlook for Hong Kong’s property market.

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Art Basel

Budding Chinese artist Ren Zhe’s steel sculptures to feature during Art Basel

Ren Zhe, who was recently granted a visa under Hong Kong’s Top Talent Pass Scheme, will display some 30 stainless-steel sculptures based on martial arts novelist Jin Yong’s characters next March.

Sculptor Ren Zhe with one of his sculptures at an exhibition organised by Wheelock Properties in Hong Kong recently. Photo: Elson Li
Hong Kong property

Buyers snap up 75 per cent of Wheelock’s new flats in Lam Tin

Homebuyers snapped up at least 103 of 138 flats at Koko Mare on Saturday, as the reopening of Hong Kong’s economy and other positive developments boost purchasing sentiments.

The Koko Mare project is expected to attract young and first-time homebuyers. Photo: Jonathan Wong
Hong Kong property

Hongkongers spurn latest flats in Kai Tak after temporary housing plan unveiled

Hong Kong homebuyers steered clear of 111 flats on offer at Wheelock Properties ’s development at Kai Tak, the first project to be launched there since the government announced plans to build temporary housing units on the site of the city’s former airport.

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Hong Kong property

Buyers snap up 92 per cent of Lam Tin flats as Wheelock raises selling price

Wheelock Properties sold nearly all the units in the second batch of flats at its Koko Rosso project in Lam Tin, despite raising the average price since the last round of sales in February.

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