Wheelock Properties Sets Record with HK$30.2B Sales, Launches 193 Units Across Three Projects Next Monday
AM730 · 2 SOURCESabout 3 hours ago2 MIN
Summary
Wheelock Properties has achieved a historic milestone, reporting cumulative sales of HK$30.2 billion in the first ten months of 2026, already exceeding its full-year 2025 total of HK$26.5 billion. The developer sold 2,527 units including car parking spaces through November 4, surpassing last year's 2,307 units. Vice Chairman and Managing Director Douglas Wong Kwong-yiu attributed the strong performance to sustained market support for the company's premium projects, announcing new price lists and sales arrangements for three properties that will collectively offer 193 units starting Monday.
Key Points
- Wheelock Properties' year-to-date sales through November 4 reached HK$30.2 billion from 2,527 units, surpassing 2025's full-year record of HK$26.5 billion and 2,307 units
- DEEP WATER SOUTH at South Island Place Phase 6A launches Price List 4 with 47 units (21 one-bedroom, 26 two-bedroom) priced at net HK$8.959M to HK$18.544M; 96 units total across all types going on sale Monday
- MIAMI QUAY II in Kai Tak adds 73 units via Price List 2 (9 studio, 64 one-bedroom) with net prices from HK$6.219M to HK$8.418M; 30 units scheduled for Monday sale with average net PSF of HK$23,479
- PALO SPRINGS Phase 2 at PARK SILICON in Kwu Tung North releases 33 units via Price List 3 (23 one-bedroom, 10 two-bedroom) at net HK$5.401M to HK$8.799M; 67 units to be sold Monday with average net PSF of HK$17,644
- Fourth-quarter pipeline includes DOUBLE COAST II at Park Peninsula, Mount Nicholson House Project on Plantation Road, and The Monet super-luxury development in Kowloon Tong, plus preparatory work on Kowloon Bay's Kowloon Godown redevelopment and Sai Ying Pun's Chao Kwong Street project
Why It Matters
Wheelock's record-breaking sales performance signals robust demand for Hong Kong's prime residential properties despite broader market headwinds, with the company's successful weekend launches potentially influencing competitor pricing strategies and buyer sentiment across the market .
Wheelock's record-breaking sales performance signals robust demand for Hong Kong's prime residential properties despite broader market headwinds, with the company's successful weekend launches potentially influencing competitor pricing strategies and buyer sentiment across the market .