Fifty homes already sold in Sierra Sea's latest sales round

Sun Hung Kai Properties’ (0016) massive Sai Sha project, Sierra Sea, has sold 50 of 128 units in its third round of sales as of 5pm on Wednesday.

The developer earlier received 35,131 checks for the flats, making them 274 times oversubscribed.

The 128 flats include 33 one-bedroom units, 66 two bedroom units and 29 three-bedroom units, with an average discounted price of HK $11,897 per square foot.

Louis Chan Wing-kit, Asia Pacific vice chairman of the residential division at Centaline, projects that SHKP can sell out all flats on the first day of this sales round, as it has with the previous two.

STAFF REPORTER