Wheelock sells HK Peak mansion for HK$630m

Hong Kong

WHEELOCK Properties has sold its third luxury home in Hong Kong's exclusive Peak neighbourhood to an unidentified buyer for HK$630 million (S$110.4 million), a lower price than two villas it sold earlier this year at the same development.

The sale price works out to HK$78,000 per square foot, or an 11 per cent discount compared with the first villa the company sold in February at the Mount Nicholson project, which it is developing with Nan Fung Development.