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Hong Kong Residential Sales – September 2025

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Contacts & Related Research

 

Mainland Buyers Dominate Hong Kong's Ultra-Luxury Property Market, Fueled by New Generation Wealth

  • Hong Kong's ultra-luxury segment is now decisively led by mainland Chinese buyers, accounting for 33 transactions over HK$300 million since 2024. 
  • Demand is driven by new wealth from China's tech, entertainment, and industrial sectors, shifting from legacy owners.
  • High-profile acquisitions including a HK$1.05 billion townhouse at 28 Peak Road and a HK$300 million unit in Pokfulam 138.
  • More than half of super-luxury sales are first-hand purchases from developers, while the remainder often involve distress sales, highlighting a market adjustment among previous owners.
  • The mass market also saw improved sentiment, with primary sales rising from 3,900 in Q1 to 5,400 in Q2 2025 as inventory fell to 101,000.

Hong Kong’s super luxury property market is experiencing a vigorous buying spree, largely driven by wealthy mainland Chinese buyers. Over the last 19 months, the city saw 35 transactions worth HK$23 billion, a level that highlights ongoing demand for ultra-prime residences despite broader market cooling.

Jack Tong, Savills Research & Consultancy
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