Group 1 - Morgan Stanley Managing Director David John Wraight purchased two luxury residences in Hong Kong for HKD 147.3 million (USD 18.8 million), joining a growing number of global financiers seeking to capitalize on high-value properties in the region [1][3] - The properties, developed by New World Development and MTR Corporation, have a total saleable area of 3,242 square feet, with an average transaction price of HKD 45,440 per square foot [1][3] - One of the purchased units, a 1,706 square foot four-bedroom apartment, sold for HKD 81.89 million, marking one of the highest transaction prices for the project [3] Group 2 - Despite a market slowdown, the sales of the Deep Water Bay Phase 1 project remain strong, with the first batch of 138 apartments selling out within hours for a total of HKD 1.53 billion [3] - New World Development anticipates launching Phase 2 of the project soon, with potential price increases expected [3][5] - Morgan Stanley's optimistic report on the Hong Kong real estate market, predicting a recovery after a 30% decline since 2019, aligns with Wraight's investment [5] Group 3 - Other wealthy investors, including a senior banker associated with HSBC, are also betting on the recovery of the Hong Kong real estate market, as evidenced by a recent purchase of luxury units in the South District [5] - Hedge fund Bridgewater's co-CIO Bob Prince purchased a 1,752 square foot apartment in Kowloon for HKD 95 million, citing confidence in Hong Kong's fundamentals [7]