Published: 3:49pm, 3 May 2025Updated: 6:26pm, 3 May 2025
Sun Hung Kai Properties (SHKP) scored another sell-out weekend for Sierra Sea, its mega residential project in the New Territories, as homebuyers took advantage of discounted prices that are about 20 per cent lower than those of similar properties in the district.
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As of 6pm, Hong Kong’s largest property developer sold all 288 of the second batch of Sierra Sea units it offered on Saturday, according to property agents.
That comes a week after SHKP recorded a sell-out of the first batch of 318 flats made available at Sierra Sea. Homebuyers bought up a total of 606 Sierra Sea flats on offer over two weekends.
“The project is so popular primarily because of its low price, which is 20 per cent cheaper than other properties in the same district,” said Sammy Po Siu-ming, chief executive of Midland Realty’s residential division. “Everyone believes the project has great potential for appreciation.”
The flats on sale this weekend – ranging in size from 301 sq ft to 702 sq ft – included 39 one-bedroom, 170 two-bedroom and 79 three-bedroom units. Prices for these units cost from HK$3.27 million to HK$8.99 million (US$422,000 to US$1.16 million), while the price per square foot is between HK$9,992 and HK$13,533.
About 20 to 40 per cent of the prospective homebuyers of Sierra Sea flats are from mainland China, according to property agents.
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