TOPIC
 / company

Wheelock Properties

A view of Times Square shopping mall during the Easter public holidays on 31 March 2024. Photo: Martin Chan

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.

  • Wharf REIC may report a first-half loss of at least HK$900 million (US$115.2 million) while Wharf may swing to a loss of between HK$2.5 billion and HK$2.8 billion

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

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

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.

Buyers of Wheelock Properties’ Park Seasons flats at the Lohas Park in Tseung Kwan O on April 20, 2024. Photo: Handout

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

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.

Advertisement
Advertisement

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
An aerial view of Kerry Properties’ Mont Verra luxury residential project in Beacon Hill. Photo: Handout

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.

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.

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

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.

The junction of Sai Ning Street and Victoria Road in Kennedy Town. Photo: Handout

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

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.

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

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 homebuyers steered clear of the flats on offer in the latest batch at Wheelock Properties’s development at Kai Tak. Photo: K. Y. Cheng

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.

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
Advertisement
Advertisement

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.

A residential building under construction with Lion Rock Hill in the background. Morgan Stanley has turned bullish on Hong Kong’s housing market. Photo: Dickson Lee

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 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

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’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
Miami Quay development in Kai Tak. Photo: SCMP / Jonathan Wong

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.

Novo Land flats sell out in Tuen Mun as buyers get in before rate hike

Homebuyers in the city flocked to buy flats on offer this weekend at Sun Hung Kai’s Novo Land project in Tuen Mun, reflecting a pre-emptive move against an expected rise in prime rate.

Kai Tak runway developers urge government to improve transport links

Launch prices at the runway site have been pressured after the government dropped its plan to build a monorail link there in 2020.

The site of the Kai Tak redevelopment, Kowloon, Hong Kong. Photo: SCMP/ Dickson Lee

Wharf Reic warns of losses as value of properties erodes amid weak economy

Wharf Reic, which is controlled by tycoon Peter Woo Kwong-ching, expects to slip into an interim loss as the value of its investment properties has suffered under poor business conditions.

videocam
Shoppers at Times Square in Causeway Bay on June 30. Photo: Jonathan Wong

Hong Kong buyers snub flats on sale at 3 projects as they await new offerings

The lukewarm response was in stark contrast to Friday’s bumper sale at Grand Mayfair in Yuen Long, where more than 90 per cent of 428 flats on offer were snapped up.

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

Buyers snapped up about a quarter of the 112 units at Wheelock’s Monaco Marine residential project in Kai Tak within an hour of the launch on Thursday.

Advertisement
Advertisement
Help preserve 120 years of quality journalism.
SUPPORT NOW
Wheelock Properties
The latest news, analysis and opinion on Wheelock Properties. In-depth analysis, industry insights and expert opinion.
last updated:
14 August, 2024
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement