Hundreds of buyers showed significant interest in a new housing project in Hong Kong's New Territories, indicating growing confidence in the property market outlook. A large percentage of units were sold quickly.

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. As of 2pm, more than 80 per cent of the homes at Lime Spark in Tsuen Wan had found buyers, while some bullish investors offered to buy more than one unit, according to property agents. The buying euphoria surrounding the project came one...