Core Insights - The luxury residential market in Hong Kong continues to perform well, with over 100 transactions of properties priced above 50 million HKD recorded in the fourth quarter to date [1][3] - The total number of transactions has increased by approximately 12% compared to the third quarter, surpassing the second quarter's figures and setting a new high for the past four quarters [1][3] - The market is expected to challenge the record of 140 transactions in the fourth quarter of 2024 [1] Transaction Breakdown - Among the 103 transactions above 50 million HKD, the Kai Tak area recorded the highest number with 37 transactions, accounting for about 35.9% of the total [3] - The second highest area was Mid-Levels West with 28 transactions, representing approximately 27.2% [3] - Other areas included North Point with 8 transactions, Ho Man Tin and Ap Lei Chau with 7 and 6 transactions respectively, and Mid-Levels Kowloon with 4 transactions [3] Notable Developments - The top-selling new development in the fourth quarter was Kai Tak's The Sky, Phase 2, with 18 transactions [3] - The second place was taken by Mid-Levels West's The Peak, with a total of 16 transactions [3] - The third was Kai Tak's The Residences, which recorded 11 transactions [3] Highest Transaction Values - The highest transaction recorded was for a top-floor connected mansion in Mid-Levels Kowloon, sold for approximately 580 million HKD [3] - The second highest was a top-floor triplex unit in Jardine's Lookout, sold for about 420 million HKD [3] - Additionally, two other transactions exceeded 300 million HKD, with prices of approximately 352 million HKD and 338 million HKD for properties in The Peak and Kowloon Tong respectively [3]