Buyers flock to SHKP project in New Territories as confidence grows in home market outlook
SHKP generated more than HK$1 billion after the sale of the 154 flats at Lime Spark last week
Hundreds of prospective buyers gravitated to a Sun Hung Kai Properties’ (SHKP’s) project in the New Territories on Saturday, keen to view the 121 flats on offer in a fresh sign that Hong Kong’s home market is on a sustained upwards cycle despite risk caution.
“Despite a 2 to 3 per cent price increase, the next round [of 121 units] still sold out. This shows strong buyer confidence in the market,” said Norry Lee, senior director at JLL.
The buying euphoria surrounding the project came one week after its first batch of 154 units was sold out last Saturday.
“We have seen a warm response from homebuyers,” said Tam Sik-cham, SHKP’s sales and marketing assistant general manager. “The developer is highly confident of the sales results today.”
He added that one buyer planned to spend more than HK$30 million (US$3.8 million) to purchase four units, while another six investors looked at owning three flats each.