Wheelock Properties
TOPIC
 / company

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
General view of Wharf Holdings’ Mount Nicholson at 8 Mount Nicholson at The Peak on 26 Jun 2019. Photo: Martin Chan
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.

videocam
Hong Kong property

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

Hong Kong property

Big Hong Kong developers enter fray for Sha Tin land tender

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.

videocam
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.

videocam
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.

Advertisement
Advertisement
Advertisement
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.

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.

videocam
Potential home buyers line up for Wheelock Properties’ Seasons Place as it kicks off its first round of sales for 368 units on Saturday at the sales office in Tsim Sha Tsui. Photo: SCMP / Yik Yeung-man
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.

videocam
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.

videocam
4
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.

videocam
Advertisement
Advertisement
Advertisement
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.

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.

videocam
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.

The Koko Rosso development in Lam Tin, Hong Kong, pictured on February 23, 2023. Photo: Xiaomei Chen
Hong Kong property

Wheelock sells 110 flats in first major property sale after stamp duty cut

Hong Kong developer Wheelock Properties sold 110 units out of the 148 on offer as of 10pm at its Koko Rosso project on Friday.

videocam
Koko Rosso is the third phase of Wheelock Properties’ Koko development in Hong Kong. Photo: Xiaomei Chen
Hong Kong property

Wheelock lines up Koko Rosso, Hong Kong’s first property launch of the year

Wheelock has priced the first batch of 88 units in Koko Rosso at HK$17,973 (US$2,290) per square foot, with the sale likely to start in end-February.

DHL-SCMP Hong Kong Business Awards

HSBC’s Peter Wong feted for lifetime work at DHL-SCMP Awards

The awards, jointly organised by DHL and the Post since 1990, is unique in getting previous winners to adjudicate on the eligibility of the current year’s contenders.

Hong Kong housing

Hong Kong developers may apply to build estates mixing private and public flats

Authorities have given the greenlight to three housing projects under a pilot scheme launched by former chief executive Carrie Lam in 2019.

videocam
More developers may want to apply to build estates combining public and private housing now that the government has approved three such projects. Photo: Jelly Tse
Hong Kong property

Hongkongers snub new homes in Kai Tak as rising interest rates kill demand

As of 7pm only two out of 139 units on offer at the development on the site of Hong Kong’s former airport had been sold, according to Sammy Po of Midland Realty.

4
The units on offer on Sunday ranged between 250 and 716 square feet and were priced between HK$5.24 million (US$668,000) and HK$18.73 million. Photo: Dickson Lee
Hong Kong property

Hong Kong’s home market is in a ‘depression’ after dismal sales

Only about 30 per cent, or 41 of the 137 flats on sale at Miami Quay in Kai Tak have been sold, according to agents.

4
Hong Kong property

Kai Tak fizzles as second housing project starts selling at a discount

The average price of second-hand homes have fallen in Hong Kong, as a resurgent Covid-19 outbreak – and the quarantine rules to contain it – has driven the city into a technical recession.

Advertisement
Advertisement
Advertisement
Help preserve 120 years of quality journalism.
SUPPORT NOW
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement