Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by market capitalistion, is poised to sell out another batch of units at its Sierra Sea project in the New Territories, the city’s largest residential project in two and a half decades.
As of 4.30pm, 206 units out of 218 made available on Wednesday had found buyers, according to property agents.
The achievement marks a significant milestone, with more than a fifth of the 9,700 units available already sold, as SHKP capitalises on the city’s growing health-conscious demographic with on-site sports amenities.
The Sierra Sea project forms part of SHKP’s Sai Sha development in Shap Sze Heung, located between Sai Kung and Ma On Shan.
The successful launch of Sierra Sea Phase 2A underscored three key drivers in Hong Kong’s recovering property market, according to Midland Realty.
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