Core Insights - The luxury property market in Hong Kong is experiencing a "blood change," with a notable increase in transactions involving mainland Chinese buyers since June 2023 [1][4] - In the first five months of 2023, 52 luxury properties priced over HKD 100 million were sold, indicating a recovery in the market compared to previous years [2][3] Transaction Data - A total of 52 luxury properties over HKD 100 million were sold in the first five months of 2023, with 26 being new and 26 being second-hand [3] - The total number of luxury property transactions from 2020 to May 2025 is 754, with a peak of 200 transactions in 2021 and a low of 98 during the pandemic in 2020 [2] Buyer Demographics - Approximately 70% of buyers for luxury properties in Hong Kong are from mainland China, with significant purchases in traditional luxury areas such as The Peak and Deep Water Bay [4][5] - Recent high-value transactions include a penthouse at Mount Nicholson sold for HKD 609 million and a property on White Gap Road sold for HKD 288 million, both reportedly purchased by buyers with mainland backgrounds [2] Market Trends - The current luxury property prices have decreased by nearly 30% from their peak, creating a favorable environment for buyers looking for investment opportunities [4][5] - The market is seeing a return of foreign capital and local investors restructuring their assets, contributing to the ongoing demand for luxury properties [4][5] Future Outlook - The Hong Kong luxury property market is expected to stabilize, with predictions of a 5% to 10% price increase in the near future, as interest rates are anticipated to remain stable [5][6] - The influx of talent and capital into Hong Kong is expected to sustain demand for residential properties, further supporting the market [6]
内地富豪抄底香港亿元豪宅?机构称:七成买家是内地客
Nan Fang Du Shi Bao·2025-06-29 13:38