Sun Hung Kai Properties (0016) kicked off the first round of sales for Phase 1B of its Sierra Sea project in Sai Sha on Wednesday, offering 168 units, including five snapped up by a single buyer for HK$25 million.
Eleven units have reportedly been sold so far. An investor spent about HK$25 million to acquire five two-bedroom flats for rental purposes, according to Sammy Po Siu-ming, chief executive of Midland Realty's residential division.
In this latest batch, 160 flats were released via price list, with salable areas ranging from 302 to 807 square feet. Discounted prices ranged from HK$3 million to HK$9.57 million, or HK$9,499 to HK$12,944 per sq ft. The remaining eight special units were made available via tender.
The project previously received 33,168 registrations, including 432 from agents, making it 207 times oversubscribed and the third-highest first-round subscription for a new launch in Hong Kong history.
STAFF REPORTER
