Hong Kong’s SHKP continues sell-out streak with latest Sierra Sea offering

Hong Kong’s largest developer, Sun Hung Kai Properties (SHKP), posted another sell-out this weekend for the latest batch of units on sale at its massive Sierra Sea residential project, as improving market sentiment continued to boost homebuyers’ confidence. Homebuyers snapped up all 213 flats on sale at Sierra Sea’s Phase 2A as of 9pm on Saturday, according to agents. Information on 49 other flats offered via tender were not disclosed. “About 60 per cent of buyers are for investment,” said Louis...