Hong Kong’s SHKP sells 128 Sierra Sea flats ahead of possible US rate increase
The latest sell-out included units offered at discounted prices ranging from about HK$5.47 million to HK$9.87 million
Sun Hung Kai Properties (SHKP), one of Hong Kong’s largest developers, has sold out the latest batch of flats at its Sierra Sea project in the New Territories, where units were offered at discounted prices ahead of a possible US Federal Reserve interest-rate increase by year-end.
“Developers will continue to launch new flats in an orderly and steady cadence in the coming weeks,” said Derek Chan Hoi-chiu, head of research at Ricacorp Properties.
“Strong sales results in mid-October and recent sales brochure releases confirm that developers are capitalising on current buyer demand to roll out their pipeline systematically.”
