Hong Kong luxury home sales pick up as wealthy buyers move early

Hong Kong’s luxury home market has seen brisk activity as wealthy buyers move early to secure prime properties, betting on steady price growth into 2026, developers said.

CK Asset (1113) sold a four-bedroom unit at its ultra-luxury 21 Borrett Road project on Hong Kong Island via tender for more than HK$138 million, or about HK$59,800 per square foot. The sale included a parking space, according to the developer.

Kristy Chan Wing-chi, sales manager at CK Asset, said high-end home transactions as buyers expects transaction volumes and prices in the luxury primary market to rise steadily next year.

Separately, The Wharf (0004) and Wheelock said they sold a detached house at their luxury project at 1 Plantation Road on The Peak for nearly HK$560 million, translating to about HK$91,130 per sq ft. The first phase of the development offers eight standalone houses with saleable areas ranging from about 5,500 to over 6,100 sq ft.

In Tai Po, a three-bedroom unit at St Martin was sold for HK$8.5 million after negotiations, or about HK$13,600 per sq ft. The original owner, who purchased the flat in 2018, booked a paper loss of about HK$3.67 million, reflecting a decline of roughly 30 percent over seven years.