Wheelock’s Monaco project in Kai Tak receives lukewarm response as developers look to end January on a high

Jan 29, 2021 | INVESTING

Hong Kong homebuyers gave a lukewarm response to Wheelock Properties’ Monaco residential project in Kai Tak on Friday evening, setting the tone for over 600 units that go on sale at four housing projects up to Sunday.Wheelock said it had sold nearly half of the 90 units. A market source, however, said buyers had only picked up 42 units.The 619 homes, which includes eight offered through tender, are the most offered for sale over three consecutive days since September, when 720 units from five…

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