The second phase of Sierra Sea in Hong Kong, "Sierra Sea" is launching 155 units, with a discounted price starting at HKD 4.5517 million, and sales will begin as early as next Wednesday

New World Development (00016.HK) has uploaded the sales brochure for the second phase of Sierra Sea, offering 775 units, with standard units covering six types from two-bedroom to three-bedroom, and featuring 42 special units. New World Development's Deputy Managing Director, Thunder Lei, stated that the project will open for pricing today (22nd), involving 155 units, with a discounted average price of HKD 11,328 per square foot.

Thunder described this pricing as "continuing to make dreams come true." New World Development's Executive Director, Chan Hon-lun, mentioned that the first price list offers 155 units, including 132 two-bedroom units and 23 three-bedroom units, with usable areas ranging from 416 to 701 square feet. After deducting a maximum discount of 15%, the actual selling price ranges from HKD 4.5517 million to HKD 8.5119 million, with a discounted price per square foot of HKD 10,018 to HKD 12,153.

Chan Hon-lun indicated that the project will open demonstration units and start collecting applications tomorrow (23rd), with sales expected to begin as early as next Wednesday (28th), depending on the application situation, but there will definitely be room for price increases afterward.

Chan Hon-lun continued that the entire Sierra Sea Phase 2B offers 775 units, with 515 two-bedroom units having usable areas from 416 to 458 square feet; and 218 three-bedroom units with usable areas from 534 to 701 square feet. Additionally, the project offers 27 special units with private gardens or terraces, with usable areas from 378 to 662 square feet; and 15 special units with terraces and rooftops, with usable areas from 713 to 817 square feet.

Moreover, New World Development launched the third round of sales for Sierra Sea Phase 2A yesterday (21st), which sold out on the same day. New World Development's General Manager, Hu Zhiyuan, stated that Group A involved 13 large buyers, selling a total of 45 units, with an average investment of nearly HKD 20 million per group. Additionally, the main source of buyers remains in the New Territories, accounting for about 60%.

As for the market outlook, Thunder believes that the rental market in Hong Kong will remain active in the next two quarters, with rental indices expected to reach new highs, which he believes will attract investors to enter the market. He mentioned that the atmosphere in Hong Kong's property market has clearly improved and is expected to continue to do so for the remainder of the year