Wheelock Properties said it will launch five new projects this year, offering over 1,000 units.
Phase 6 of the Southside development in Wong Chuk Hang is expected to be unveiled in the first quarter, including 617 units, said Ricky Wong Kwong-yiu, managing director of Wheelock Properties.
Co-developed by Wheelock Properties and MTR Corporation (0066), the project features one- to four-bedroom flats. It will be developed into two phases, and the naming ceremony is set to be held in the short term.
Wheelock Properties also said it will put phase 1 of the Kwu Tung project in Sheung Shui on the market by mid-year, providing 457 units.
Regarding luxury projects, the company planned to unveil the 55 Staunton Street project in Central, which contains 100 flats.
Other new luxury developments include six houses from phase 3 of 1 Plantation Road on the Peak, which is owned by Wharf (0004), and 15 units offered from phase 1 of 8 Lung Ting Lane in Kowloon Tong.
Besides, Wong noted that the company saw 2,307 units sold of new projects last year, adding that the total sales, coupled with the parking space deals, rose 20 percent year-on-year to over HK$26.5 billion, hitting a four-year high.
