It participated in a number of private housing estates including Bellagio,[4] Sorrento,[citation needed] Parc Oasis (via the subsidiary RDC)[5] and Parc Palais and owns certain investment properties including Fitfort.

The predecessor of the business unit, Hongkong Realty and Trust Co., Ltd., was incorporated on 17 March 1923.

[8] It was reported that circa 1948, Hongkong Realty is majority owned by Marden and Co. already,[9] which the latter is the predecessor of the current Wheelock and Co. Marden-Wheelock was owned by Marden family until the 1980s., which it was takeover by Hong Kong ethnic Chinese business magnate Yue-Kong Pao, the maternal grandfather of the current (as of 2020) Wheelock Properties Managing Director, Douglas Woo.

As a listed subsidiary of the conglomerate Wheelock and Co., New Asia Realty takeover its own listed subsidiary Realty Development Corporation (RDC) in 2002.

[12] The listed company was renamed from New Asia to Wheelock Properties Limited (Chinese: 會德豐地產有限公司) in 2004.