Market Chatter: Sun Hung Kai Properties' Latest Batch of Apartments Sold Out Despite 10% Rise in Prices

MT Newswires Live
08 May

Sun Hung Kai Properties (HKG:0016) sold out the latest batch of 128 apartments at its Sierra Sea project in the New Territories, Hong Kong, on Wednesday, the South China Morning Post reported the same day.

The units, located in Shap Sze Heung, Hong Kong, were sold out via regular sale despite a 10% rise in prices, the report said, citing agents.

SHKP's first two batches of units in the project were sold out as they were sold at 20% below second-hand properties in the area, according to the report.

(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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