Wharf to sell five flats at exclusive Mount Nicholson development days after bagging Peak residential site in record bid
- The flats will be put on the market on January 1, says Wheelock Properties, the development’s sales agent
- Hong Kong’s luxury housing sector, next to mainland China, is a relatively safe investment, Centaline executive says
Hong Kong developer Wharf (Holdings) is selling five luxury flats through tender at the exclusive Mount Nicholson development on The Peak.
The flats, measuring 4,230 sq ft to 4,601 sq ft, will be put on the market on January 1, Wheelock Properties, the development’s sales agent said late on Thursday.
Mount Nicholson, developed by Wharf along with Nan Fung Development, comprises 19 detached houses and 48 flats in three phases. It has some of Asia’s most expensive homes in terms of square footage. Its location, reputation for build quality and celebrity buyers have made it a much sought-after address for the wealthiest. Only two houses and seven flats are available for sale currently.
The development will set the pace for 2021, said Ricky Wong, Wheelock’s managing director. “Hopefully, in the new year luxury homebuyers will get a New Year present. Hopefully, next year will be easier,” he said.
Wheelock held discussions with some prospective buyers before putting the flats on the market. “Some luxury homebuyers felt it was the right time to enter the market. Some buyers, after discussions, confirmed” that they would make purchases, Wong said.
