SHKP ups prices for Sierra Sea
The third batch includes 118 units ranging from 301 to 700 sq ft, including 15 one-bedroom, 67 two-bedroom, and 36 three-bedroom flats.
Discounted prices range from HK$3.15 million to HK$8.38 million, or HK$10,237 to HK$12,702 per sq ft.
Andy Chan Hon-lun, general manager at SHKP's real estate agency, said the batch mainly comprises mid- to high-floor units, including some with sea views. Chan added that the pricing is in line with previous releases, and the developer may roll out more units depending on market response.
The developer is expected to close registrations on Thursday and launch the first round of sales on Saturday.
Meanwhile, more than 80 transactions were recorded in the primary market over the Easter holidays. Among them, Asia Standard International's (0129) High Park in Yuen Long saw 18 deals over the four-day period, bringing the total number of units sold at the project to 1,001, with only 24 flats remaining on the market.
In the secondary market, the 10 major housing estates tracked by Centaline Property recorded eight deals over the weekend, up from six a week earlier. Around 14 were logged over the holiday, slightly down from 15 in the same period last year.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
South China Morning Post
an hour ago
- South China Morning Post
Hong Kong stocks snap 5-day gain as investors await latest China-US trade talks
The run-up that drove Hong Kong stocks to the highest level in three and a half years took a pause on Friday before a new bout of trade talks between China and the US over the weekend. The Hang Seng Index fell 0.6 per cent to 25,509.55 as of 10.12am local time, halting a five-day gain. The Hang Seng Tech Index dropped 1.1 per cent. On the mainland, the CSI 300 Index slid 0.4 per cent, and the Shanghai Composite Index retreated 0.2 per cent. Li Auto slid 3.1 per cent to HK$115.10, and peer BYD lost 1.9 per cent to HK$129.40. Alibaba Group Holding shed 1.5 per cent to HK$118.50, while Tencent Holdings sank 0.6 per cent to HK$553.60. Investors need more conviction from the third round of China-US tariff talks to sustain the momentum that carried the Hang Seng Index to an almost 30 per cent gain this year. It is widely expected that the two nations will extend a 90-day tentative deal reached in April. The Hang Seng Index rose by nearly 3 per cent this week as fears faded that the US tariff approach would derail global growth and stoke inflation. The US struck a deal with Japan, imposing a lower-than-expected 15 per cent rate, and is reportedly close to reaching an agreement with the European Union that would not trigger retaliation from the bloc. Biotech firm Nanjing Leads Biolabs surged 120 per cent from its offer price to HK$77 on its first day of trading in Hong Kong.
HKFP
2 hours ago
- HKFP
Allow ride-hailing services to operate only during peak hours, Hong Kong taxi union proposes
A Hong Kong taxi union has proposed that ride-hailing services be allowed to operate only during peak hours, as it welcomed a legislative proposal to regulate app-based booking platforms like Uber. The Hong Kong Taxi and Public Light Bus Association spokesperson Peter Yung told reporters on Wednesday that the union hoped it could be involved in the legislative process regulating online ride-hailing services. The union is of the view that traditional taxis should be the core providers of point-to-point services, while ride-hailing services should play merely an 'auxiliary' role, being allowed to operate only during peak hours, Yung said. In an earlier letter to transport chief Mable Chan, the association proposed allowing online ride-hails to operate only from 7am to 10am and 5pm to 8pm, Yung told reporters. Proposed regulations Last week, the Transport and Logistics Bureau submitted its proposal to the Legislative Council outlining a framework for regulating online ride-hailing services in Hong Kong. The government plans to cap the number of licences but has not given details of the specific limit. According to the proposal submitted to the Legislative Council's Panel on Transport, the government suggests issuing licences to ride-hailing platforms that would be valid for five years and renewable based on the platform's service performance. Chan had earlier said the authorities would take into consideration the public's convenience, the orderly development of the industry, the public transport system, and road-carrying capacity when deciding the number of licences. Asked how many licences the association believed should be in circulation, Yung did not state a number, only that it would depend on the government's data. Yung also said that the association had proposed issuing online ride-hailing licences through public tender, as is done for taxis. But the union is against allowing the licence to change hands, lest it become an investment tool. Ride-hailing services should 'co-exist' with the taxi trade to provide transport services, Chief Executive John Lee said. Ride-hailing apps currently operate in a grey area in the city, which requires vehicles offering hailing services to have a hire car permit. Private vehicle owners who provide hailing services on online platforms without a permit could face up to six months in jail and a HK$10,000 fine for the first offence. The popularity of services such as Uber has risen amid long-standing dissatisfaction with taxi service standards, while the cab industry is calling for tougher action against Uber and the like, saying that its livelihood has been adversely affected by ride-hailing services.
HKFP
11 hours ago
- HKFP
Fraudsters stole Asia Miles and accessed data from 1,000 loyalty accounts, airline Cathay Pacific says
Airline Cathay Pacific has apologised after customer data was breached and frequent flyer miles were stolen from some Asia Miles accounts. Personal particulars and travel details were exposed, though no credit card information was at risk, the flagship carrier said in a Thursday statement. 'Our preliminary investigation suggests that Asia Miles theft by unauthorised parties was the primary motivation, though the misuse of personal data remains a possibility,' the statement said. 'We have identified that approximately 1,000 Cathay accounts, most of which belong to Hong Kong-based members, were impacted by this incident,' the carrier added. Cathay said that it has already been in touch with the majority of affected members, reinstated their lost Asia Miles and restored their accounts. Remaining members are being identified, and their accounts have been temporarily locked for security purposes. Cybersecurity incidents The incident was reported to the authorities, including The Office of the Privacy Commissioner for Personal Data, Cathay said. On Monday, Hongkong Post said that a cyberattack on its online shipping portal may have exposed the personal data of senders and recipients. The PCPD, Hong Kong's privacy watchdog, said in November that 70 per cent of Hong Kong companies had experienced some form of cyberattack in the past year. In March, Hong Kong lawmakers passed a law meant to enhance safeguards for the city's key infrastructure systems against cyberattacks, imposing fines of up to HK$5 million for cybersecurity lapses.
