Wheelock Properties Records Six Sales Worth HK$58M in Single Day Across Hong Kong Projects
AM730 · 2 SOURCESabout 2 hours ago4 MIN
Summary
Wheelock Development achieved brisk sales across its Hong Kong residential portfolio on Monday (March 24), completing six transactions worth a combined HK$58 million-plus in a single day . The deals covered five projects spanning the New Territories, Hong Kong Island, and Kowloon, reflecting sustained demand in the primary market despite broader economic headwinds. The flagship transaction involved a compact one-bedroom unit at MONT BLUE in the DEEP WATER SOUTH development at Wong Chuk Hang Station, sold for nearly HK$9.77 million.
Key Points
- Wheelock Development sold six units across five projects on March 24, with total proceeds exceeding HK$58 million .
- Projects included PARKSILICON Phase 2 PALO SPRINGS in Kwu Tung North, DEEP WATER SOUTH Phase 6A MONT BLUE, KOKO HILLS in Lam Tin, and MIAMI QUAY I in Kai Tak .
- The MONT BLUE unit at Tower 2B, 31st floor, Flat D features a 340 sq ft open-kitchen layout and sold for HK$9.77 million (HK$28,735 per sq ft) .
- The DEEP WATER SOUTH project has cumulatively sold 200 units, generating over HK$3.71 billion in total revenue .
- The Hong Kong Island South development sits atop Wong Chuk Hang Station, part of the MTR港島南岸 (Hong Kong Island South) estate .
Why It Matters
The strong single-day sales performance signals continued confidence among buyers in Hong Kong's primary residential market, particularly in key infrastructure-driven locations such as MTR stations and emerging development zones . As major developers accelerate their sales pipelines, the data underscores robust underlying demand that could influence market sentiment and pricing trends in the months ahead.