SHKP sells out 128 Sierra Sea flats in Hong Kong ahead of possible Fed hike

Sun Hung Kai Properties sold all 128 flats in the latest phase of its Sierra Sea project in Hong Kong's New Territories, with units offered at discounts ahead of a possible US Federal Reserve rate increase. The strong take-up suggests resilient local housing demand despite rate-hike expectations, though the discounting indicates developer caution. The outcome signals near-term stability in Hong Kong's property market, with implications for local developers and mortgage demand.

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