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LUXE Homes

Nick Cheung sold his flat at Grenville House in Mid-Levels for HK$132 million. Photo: Handout
Hong Kong property

Hong Kong stars Nick Cheung and William Chan join wave of upmarket home sales

Celebrity deals highlight strengthening recovery in luxury property market after transactions more than double in first quarter.

Hong Kong property

Frenzy for Hong Kong luxury homes seen continuing after 156% sales rise

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Millionaires and billionaires

Mainland China’s ultra-wealthy numbers rise as Hong Kong poised for rebound

Hong Kong property

Bought 52 years ago, Hong Kong home sells for 252 times original price

Veteran sports administrator Lawrence Yu is selling his house for about HK$190 million, for which he paid HK$750,000 in 1974.

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8 Wiltshire Road in Kowloon Tong has a saleable area of 8,227 sq feet. Photo: Google Maps
8 Wiltshire Road in Kowloon Tong has a saleable area of 8,227 sq feet. Photo: Google Maps
Hong Kong property

How a European agent won one of Hong Kong’s most exclusive luxury flat listings

A Finnish national turned a two-week trip into a new career, and now manages high-end listings in one of the world’s top real estate markets.

Hong Kong property

Hong Kong property back as a top choice for foreign investors, study says

Commercial sector rebounds after missing top 10 a year ago, CBRE says, as Knight Frank research shows recovery in luxury residential deals.

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Hong Kong property

US$44 million sale of Hong Kong luxury home linked to mainland Chinese investor

Deal involving buyer Xu Liusheng adds to a growing list of prime assets being snapped up following years of falling prices in Hong Kong.

The exclusive Deep Water Bay development comprises 12 three-storey homes. Photo: Handout
The exclusive Deep Water Bay development comprises 12 three-storey homes. Photo: Handout
Hong Kong property

Hong Kong hedge fund founder pays US$74.3 million for luxury Shouson Hill home

Matrix Properties, in which CoreView Capital’s Vincent Gao Leyi is a director, snaps up House 6 at the upscale No 15 Shouson Hill.

International Property

Australia draws mainland China, Hong Kong homebuyers amid stable policies, economy

Australia’s luxury property segment is expected to see increased interest from affluent investors looking for cost-efficient safe havens.

Hong Kong property

Returning expats fuel Hong Kong’s luxury rental rebound, Savills says

High-end residential rents set to climb 3 to 5 per cent next year amid strengthened appeal of business and education sectors: consultancy.

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A view of 42A Plantation Road on The Peak, which rented for HK$1 million per month this year. Photo: Handout
Hong Kong property

Wealthy mainland Chinese, Western expats drive Hong Kong luxury flat rentals

Trend reflects the positive impact of the city’s stock market rally and the government’s efforts to attract more affluent investors.

General exterior view of luxury flats at Repulse Bay. Photo: Nora Tam
General exterior view of luxury flats at Repulse Bay. Photo: Nora Tam
Hong Kong property

Former Alibaba head Zhang Yong joins Hong Kong’s upscale home buying spree

Upmarket deals hit a 10-month high as investor scheme draws buyers, with nearly 80 pricey purchases in first 20 days of October.

Hong Kong property

The Peak home sold for US$140 million in Hong Kong’s top deal this year

1 Gough Hill Road on The Peak, refurbished from Bank of China’s guest house, sold for HK$1.088 billion on Tuesday, according to the register of first-hand sales.

Hong Kong property

Hong Kong luxury rents jump 8.6% to top Knight Frank’s global list

Rising rents attributed to demand from high-net-worth individuals moving to the city via the capital investment scheme.

Residential high-rises are seen in Hong Kong’s upscale Mid-Levels area. Photo: Getty Images/iStockphoto
Hong Kong property

Hong Kong prime property sees 14% price drop: Knight Frank

Guangzhou has the second-worst performance among 46 cities in the second quarter, followed by Toronto, according to a new study.

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Pedestrians walk past a real estate agency in Causeway Bay, Hong Kong. Photo: Antony Dickson
Pedestrians walk past a real estate agency in Causeway Bay, Hong Kong. Photo: Antony Dickson
Hong Kong property

Villa, luxury home sales rise in Hong Kong as the rich pounce on bargains

286 deals on homes valued at more than HK$500 million each were registered in the first half, a jump of 23.3 per cent from the same period last year, Centaline said.

Hong Kong property

1 in 388 Hong Kong homeowners has a net worth of more than US$30 million

The density of ultra-wealthy residents and second-home owners in Hong Kong was more than twice that of London.

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China property

Shanghai’s luxury property market thrives while mass housing segment deteriorates

More than 60 per cent of the 4,110 new homes in China priced above 30 million yuan were sold in Shanghai last year, according to CRIC data.

Luxury property prices in Shanghai are rising while prices of mass-market homes are falling. Photo: EPA-EFE
Luxury property prices in Shanghai are rising while prices of mass-market homes are falling. Photo: EPA-EFE
Hong Kong property

Outlook for Hong Kong’s high-end homes to brighten in 2025

Luxury property prices to rise as much as 5 per cent next year, with rents also set to increase by the same level, Ricacorp’s Derek Chan says.

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International Property

Dubai developers escalate efforts to sell properties to rich Chinese

Buyers are attracted to UAE city’s attractive rental yields and golden visa programme.

China property

Shanghai, Shenzhen luxury home sales soar after historic stimulus package

Wealthy buyers snap up homes in prime locations amid renewed optimism driven by relaxed purchase restrictions and lower mortgage rates.

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Luxury property sales rose in Shanghai following the launch of China’s stimulus package. Photo: Xinhua
China property

China’s ultra-rich are snatching up luxury homes for a rainy day

Wealthy homebuyers see opportunity for flats that cost more than US$14,000 per square metre in prime downtown areas after recent market correction.

Shanghai’s Xujiahui Commercial and shopping district pictured on September 5, 2020. Photo: Shutterstock
Shanghai’s Xujiahui Commercial and shopping district pictured on September 5, 2020. Photo: Shutterstock
International Property

Rents on global luxury homes cool in first quarter as Singapore drags market

Growth in rentals on luxury residential properties cooled last quarter, as policymakers took steps to rein in inflation. Sustained demand, however, will keep the market bullish this year, Knight Frank says.

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Hong Kong property

Chinese buyers return to Hong Kong’s luxury property market as activity picks up

Hong Kong’s luxury property segment is showing signs of a revival, with mainland buyers returning to the market. Analysts expect developers to ramp up supply amid increasing demand and lower rates ahead.

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Hong Kong property

Creditor seizes 2 Hong Kong mansions linked to Evergrande’s Hui Ka-yan

The seizure of the two properties on Black’s Link, The Peak, is another setback for the founder of China Evergrande, which faces a winding-up hearing in Hong Kong on December 4.

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A creditor of China Evergrande has seized two luxury houses on The Peak in Hong Kong linked to the developer’s founder Hui Ka-yan. Photo: Handout
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