SHKP tests market resilience with new batch of flats at Hong Kong’s Sierra Sea project

Sun Hung Kai Properties (SHKP), the city’s biggest developer, put more than 200 units on sale at a residential project on Saturday amid hopes of a steady recovery in the city’s home market. SHKP sold 78 flats out of 229 units on offer at the Sierra Sea project in Sai Sha Wan as of 1.30pm on Saturday, according to real estate agents. The per-unit price ranged between HK$4.04 million (US$518,000) and HK$10.7 million, but with a 15 per cent discount the selling prices were from HK$3.44 million to...