Market Chatter: Sun Hung Kai Properties' Phase 1B of Sierra Sea Project About 188 Times Oversubscribed

MT Newswires Live
14 May

Sun Hung Kai Properties (HKG:0016) expected more than 30,000 checks for the 160 apartments up for grabs in its phase 1B of the Sierra Sea project in Sai Sha, Hong Kong, The Standard reported Monday.

The apartments were 187.5 times oversubscribed, the report said, citing SHKP.

The project launched Wednesday with 168 units for sale, with 160 to be sold via price listing and eight by bidding, the report said.

(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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