Homebuyers in Hong Kong snapped up all 213 flats in Phase 2A of Sun Hung Kai Properties' Sierra Sea development by 9pm on Saturday. The project garnered 42,330 subscriptions, achieving a record oversubscription of over 197 times. Information on the 49 units offered via tender was not disclosed.
Sun Hung Kai Properties (SHKP) extended its sell-out streak with the latest offering at its Sierra Sea development in Hong Kong's Sai Kung district. On Saturday, the project released 262 units in Phase 2A, with 213 flats available under a price list comprising 27 one-bedroom units, 134 two-bedroom units, and 52 three-bedroom units. These sold for between HK$3.76 million and HK$8.31 million.
Agents reported that all 213 units were snapped up by 9pm on Saturday. SHKP received 42,330 subscriptions for these units, resulting in an oversubscription rate exceeding 197 times, a new record. Additionally, 49 special-feature units were offered via tender, priced from HK$3.43 million to HK$8.32 million, though details on their outcome remain undisclosed.
Located in Shap Sze Heung near Sai Sha and Ma On Shan, Sierra Sea highlights robust demand in Hong Kong's property market. While keywords reference interest rate cuts and rentals, this summary sticks to verified sales facts without speculation.