Wheelock and Company reported a sales revenue of HK$22.1 billion last year, marking a 38% year-on-year increase. This year, the company plans to launch seven new projects, offering over 2,300 units for sale.

Among these are the Grand Season project in Tseung Kwan O, five luxury homes on Plantation Road in The Peak, a project on Spring Garden Lane in Wan Chai, a Kai Tak collaboration project, a South Island project, a luxury project on Lung Ting Lane in Kowloon Tong, and a project at the Kwu Tung Station.

Regarding developments in the Northern Metropolis area, Leung Chi-kin stated that developers would express their views to the Development Bureau, advocating for clearer recruitment criteria in tender documents, such as land preparation and transportation infrastructure. He noted that the government has indicated it will listen to industry feedback and expects clearer terms when land tenders are released.

In terms of market outlook, Leung mentioned that while the government has made significant efforts to attract investment, it will take time to draw in funds. He believes this year will start positively, with property prices expected to rise by 15% by year-end.

Financial Secretary Paul Chan will present the budget at the end of the month, and Wheelock and Company suggest further reducing stamp duty. They expressed that it's challenging to specify an exact reduction but urged the government to consider measures that could enhance public willingness to enter the market. They also highlighted that the property market is a crucial income source for the government, and policies that support developers can also benefit other industries. He emphasized that the budget should focus on aiding Hong Kong's overall economy.

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