Wheelock Projects Draw Strong Buyer Interest with 31M Tender Sale
AM730 · 1 SOURCES1 day ago4 MIN
Summary
Wheelock Properties (會德豐地產) reported multiple property transactions across its portfolio on Sunday, with its Island South Phase 6B GRANDE BLANC project leading sales at over 31 million Hong Kong dollars. The Mid-Autumn Festival atmosphere appeared to boost buyer sentiment across the developer's projects. Two additional developments in Kai Tak also recorded transactions through the tender process.
Key Points
- GRANDE BLANC Tower 1B 11F Flat A sold for 31.027 million HKD, equating to 33,800 HKD per square foot on a 918 sq ft saleable area
- The three-bedroom unit with study and bathroom offers views of THE MARINA club's seven themed pools and South Lan Shan mountains
- Deep Water South project has cumulatively sold 207 units generating over 3.83 billion HKD in revenue since launch
- Miami Quay in Kai Tak's Park Peninsula recorded a 12.085 million HKD sale at 24,815 HKD per sq ft for a 487 sq ft two-bedroom unit
- Double Coast III sold a 696 sq ft three-bedroom unit for 17.938 million HKD at 25,773 HKD per sq ft
Why It Matters
The strong tender activity across Wheelock's portfolio demonstrates sustained demand for quality residential properties in Hong Kong's prime locations. These transactions reflect confidence in the Island South and Kai Tak redevelopment areas, which continue to attract buyers despite broader market uncertainties .
The strong tender activity across Wheelock's portfolio demonstrates sustained demand for quality residential properties in Hong Kong's prime locations. These transactions reflect confidence in the Island South and Kai Tak redevelopment areas, which continue to attract buyers despite broader market uncertainties .