2025-04-28 28Hse Editor
Sun Hung Kai Properties’ Sierra Sea project in Sai Sha launched its first round of sales on April 26, offering 329 units. Among these, 318 units were listed on the price list and sold out on the same day. Following the strong market response, Sun Hung Kai has released a new price list (Batch 4), adding 133 units with an average discounted price of HK$11,588 per square foot.
The 133 units include 12 one-bedroom, 90 two-bedroom, and 31 three-bedroom apartments, priced between HK$3.27 million and HK$8.76 million after discounts. Prices per square foot range from HK$10,124 to HK$13,123. The second round of sales is expected as early as next weekend.
During the first round of sales, Group A buyers purchased 206 units, with the largest buyer spending HK$34.6 million to acquire seven units. Another buyer spent HK$17.7 million on four two-bedroom units. A total of 97 buyers purchased more than two units, and 61 buyers spent over HK$10 million.
In addition, five special units were sold through tender. The highest transaction was for a 996-square-foot, four-bedroom unit on the 29th floor of Block 3, sold for HK$19.43 million, or HK$19,508 per square foot. Sierra Sea’s sales have already generated HK$1.7 billion in revenue.
The project’s initial price list included 318 units, with prices ranging from HK$2.998 million to HK$8.38 million after discounts. Units were priced between HK$9,499 and HK$12,702 per square foot, with the cheapest unit being a 301-square-foot one-bedroom flat priced at HK$2.998 million (HK$9,963 per square foot).
Sales were divided into two groups, A and B. Group A buyers were further split into subgroups, with A1 buyers able to purchase 3 to 10 units, A2 buyers allowed 2 to 3 units, and A3 buyers required to purchase at least one unit of 700 square feet or more. Group B buyers were individual purchasers allowed to buy up to two units.
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