Home purchasers in Hong Kong bought all 216 units of Sun Hung Kai Properties' (HKG:0016) Sierra Sea project in Sai Sha, the South China Morning Post reported Saturday.

The units found buyers within six hours of the start of the sale at 10:00 a.m. There were 25 units also available through bidding, the SCMP said.

The sales come after the one-month Hong Kong Interbank Offered Rate slipped below 1% for the first time since July 2022, which has lightened the mortgage burden, the report said.

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