Shap Sze Heung

Sierra Sea is a large-scale residential development in Hong Kong's New Territories, spearheaded by Sun Hung Kai Properties (SHKP), the city's largest developer. It's newsworthy due to its consistently strong sales performance, reflecting a resurgence in Hong Kong's property market despite being one of the world's most expensive. Recent events include SHKP releasing multiple batches of flats in the Sierra Sea project, including phases 2B, with units ranging from two to three bedrooms. These releases have consistently seen high demand, with significant portions selling out quickly. The project's success indicates renewed buyer confidence and robust demand for new residential properties in Hong Kong, contributing to potentially reaching a five-month high in primary market transactions. Its size and sales figures make it a significant indicator of the current state of Hong Kong's real estate market.