Hong Kong’s SHKP rolls out 350 Sierra Sea flats after sell-outs in world’s priciest market

South China Morning PostCenter-RightEN 1 min read 100% complete by Julie ZhangFebruary 1, 2026 at 10:00 AM

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Hong Kong's largest developer, SHKP, is releasing 350 new units in its Sierra Sea project after experiencing four rounds of sell-outs in January. The new batch, part of phase 2B, includes two- and three-bedroom flats priced between HK$4.6 million and HK$9.74 million, with an average discounted price of HK$12,469 per square foot. Sierra Sea, located in Shap Sze Heung, is Hong Kong’s largest housing project since 1999, offering extensive amenities. The strong sales indicate a resurgence in Hong Kong's property market after a downturn, with rising home prices and record-high rents. Over a fifth of the 9,700 available units have already been sold.

Key Entities & Roles

Key Player Opposition Context

Jonathan Wong 30% Rating and Valuation Department 35% Sai Kung 40% Ma On Shan 40% Centaline Property 40% Shap Sze Heung 50% Sai Sha 60% Sierra Sea ×585% Sun Hung Kai Properties (SHKP) ×290% Hong Kong ×395%

Keywords

hong kong property market 90% property sales 80% sierra sea 80% sun hung kai properties 70% sold-out flats 70% housing project 60% home prices 50% real estate 50% market capitalisation 40%

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Positive

Score: 0.40

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Source

South China Morning Post

Political Lean

Center-Right (0.50)

Far LeftCenterFar Right

Classification Confidence

90%

Geographic Perspective

Hong Kong

This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).

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hong kong property market property sales sierra sea sun hung kai properties sold-out flats housing project home prices real estate market capitalisation

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