{"id":121140,"date":"2021-07-29T06:30:22","date_gmt":"2021-07-28T23:30:22","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wheelock-properties-wins-kwu-tung-residential-land-tender-with-us540-million-bid\/"},"modified":"2021-07-29T08:04:01","modified_gmt":"2021-07-29T01:04:01","slug":"wheelock-properties-wins-kwu-tung-residential-land-tender-with-us540-million-bid","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wheelock-properties-wins-kwu-tung-residential-land-tender-with-us540-million-bid\/","title":{"rendered":"Wheelock Properties wins Kwu Tung residential land tender with US$540 million bid"},"content":{"rendered":"


\nA residential site in one of the least developed areas of Hong Kong was sold for higher than market expectations to Wheelock Properties on Wednesday.Wheelock won the parcel in Kwu Tung in the northern New Territories for HK$4.19 billion (US$540 million), some 7.4 per cent more than the top end of market expectations.Surveyors had estimated the plot could fetch HK$3.3 billion to HK$3.9 billion, or HK$6,500 to HK$8,000 per square foot.Located next to a plot won by Sun Hung Kai Properties in April\u2026
\n
\nSource : South China Morning Post
\nRead more…Wheelock Properties wins Kwu Tung residential land tender with US0 million bid<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A residential site in one of the least developed areas of Hong Kong was sold...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-121140","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vvS","jetpack-related-posts":[{"id":172380,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/launch-of-northern-metropolis-flats-attracts-strong-interest-from-hong-kong-homebuyers\/","url_meta":{"origin":121140,"position":0},"title":"Launch of Northern Metropolis flats attracts strong interest from Hong Kong homebuyers","date":"August 17, 2026","format":false,"excerpt":"\r Hong Kong homebuyers flocked to the first batch of units at a major residential project in the Northern Metropolis with 44 \u2013 or more than half \u2013 of the 82 flats made available via regular sale finding buyers as of 7.30pm on Sunday, according to agents. Wheelock Properties\u2019 Park\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121039,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/plot-of-land-in-rural-kwu-tung-draws-strong-response-from-hong-kong-developers-betting-on-future-housing-demand-transport-links\/","url_meta":{"origin":121140,"position":1},"title":"Plot of land in rural Kwu Tung draws strong response from Hong Kong developers betting on future housing demand, transport links","date":"July 23, 2021","format":false,"excerpt":"\r A medium-sized residential site in one of the least developed areas of Hong Kong has generated a strong response from developers vying to get their hands on some of the limited land available in the world\u2019s most expensive property market.Twelve bids were submitted for the site \u2013 called Area\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34612,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wheelock-sends-upbeat-signal-on-urban-land-values-paying-hk6-4b-at-auction-for-a-site-near-lam-tin-mtr\/","url_meta":{"origin":121140,"position":2},"title":"Wheelock sends upbeat signal on urban land values, paying HK$6.4b at auction for a site near Lam Tin MTR","date":"November 16, 2016","format":false,"excerpt":"\r Wheelock Properties has won the first residential site offered for sale by the government since the introduction of a new stamp duty, paying a higher-than-expected HK$6.388 billion. The wholly-owned property unit of Hong Kong-listed Wheelock & Co on Wednesday said they won the tender for the site on Sin\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121216,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wing-tai-bets-on-affordable-luxury-concept-in-kwu-tung-after-tuen-mun-projects-prove-popular-with-millennials\/","url_meta":{"origin":121140,"position":3},"title":"Wing Tai bets on affordable luxury concept in Kwu Tung after Tuen Mun projects prove popular with millennials","date":"August 3, 2021","format":false,"excerpt":"\r Wing Tai Properties will expand its affordable luxury concept for millennials at its upcoming project in Kwu Tung, New Territories, where it set a price record in terms of square footage for the land it acquired last month.The Hong Kong developer said that the concept leverages on its experience\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":159202,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sino-land-wins-tuen-mun-land-tender-with-hk1-billion-bid-as-market-improves\/","url_meta":{"origin":121140,"position":4},"title":"Sino Land wins Tuen Mun land tender with HK$1 billion bid as market improves","date":"August 13, 2025","format":false,"excerpt":"\r Sino Land has won a residential site tender in Tuen Mun for HK$1.09 billion, beating major Hong Kong and mainland Chinese developers \u2013 including CK Asset Holdings, Kerry Properties and China Overseas Land & Investment \u2013 as the city\u2019s housing market shows early signs of recovery. The transaction, which\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113325,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wheelock-properties-to-loan-three-plots-of-land-at-hk1-each-to-ngos-for-2000-transitional-homes-to-ease-housing-crisis\/","url_meta":{"origin":121140,"position":5},"title":"Wheelock Properties to loan three plots of land at HK$1 each to NGOs for 2,000 \u2018transitional\u2019 homes to ease housing crisis","date":"December 30, 2019","format":false,"excerpt":"\r Wheelock Properties has become the third Hong Kong developer to volunteer to lease some of its land to ease the city\u2019s housing crisis.Wheelock said it will loan three plots of land, with a total area of 500,000 square feet for just HK$1 each to the Hong Kong Council of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121140"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=121140"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121140\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=121140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=121140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=121140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}