Market Chatter: Sun Hung Kai Properties' Sierra Sea Project Oversubscribed 66 Times

MT Newswires Live
23 Apr

Sun Hung Kai Properties' (HKG:0016) Sierra Sea project received 21,000 checks for 318 apartments, making the project about 66 times oversubscribed, The Standard reported Tuesday.

The apartments in Sai Sha have discounted average prices of HK$10,877 per square foot, the report said.

SHKP will sell 318 units through price listing and 11 more via bidding, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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