Sierra Sea

Sierra Sea is a large residential project in Hong Kong's New Territories, developed by Sun Hung Kai Properties (SHKP), the city's largest developer by market capitalization. It's newsworthy due to its strong sales performance in a market that experienced an overall dip in property transactions in January. Despite a 15.2% month-on-month decrease in Hong Kong property transactions, Sierra Sea has seen multiple rounds of sell-outs. SHKP recently released another 350 units in phase 2B, including two and three-bedroom flats, with discounted prices starting at HK$4.6 million. The project's success reflects a returning buyer appetite in Hong Kong's expensive property market and is considered a significant milestone, being the city's largest residential project in two and a half decades. The rapid sales suggest a potential 'mini-boom' driven by new home launches as the Lunar New Year approaches.