SHKP's Sierra Sea expecting 30,000 checks for phase 1B

Sun Hung Kai Properties (0016) expects to receive more than 30,000 checks for the 160 flats in phase 1B of its Sai Sha project Sierra Sea.

That figure would make these flats 187.5 times oversubscribed, according to the developer.

SHKP said the first round of sales will cease receiving checks by 8pm on Monday.

The project will launch sales on Wednesday, offering 168 units, with 160 to be sold through a price list and eight by tender.

STAFF REPORTER