Le Fang: Hong Kong recorded about 53 transactions of super luxury homes in the second quarter, ranking fourth in the world.

The latest global super luxury homes report from Knight Frank pointed out that Hong Kong recorded approximately 53 transactions of super luxury homes in the second quarter, ranking fourth in the global city statistics. It increased by about 26.2% quarterly, involving a transaction amount of about 997 million yuan, a strong increase of about 43.9% from the first quarter. However, compared to about 61 transactions and about 1.191 billion yuan in the same period last year, it still decreased by about 13.1% and fell by about 16.3%. Liu Wenhua, Senior Director and Head of Residential Property Agency Department at Knight Frank, stated that the luxury housing market in Hong Kong showed significant growth in the second quarter of 2025, with both transaction volume and amount increasing quarterly. This reflects the resilience of the market demand despite facing macro challenges, and it is expected that the recovery trend will continue into the second half of the year, further consolidating Hong Kong's position as an international super luxury home hub. According to the report, in the second quarter of this year, there were 590 transactions of luxury homes with transaction amounts exceeding $10 million (equivalent to about 78 million Hong Kong dollars) in 12 global markets, with a total transaction amount of approximately $11.848 billion, an increase of about 12.1% and 26.5% respectively from the first quarter of this year. Compared to the same period in 2024, it increased by about 18.7% and 33.6% respectively. The report also pointed out that the transaction amount of super luxury homes in New York in the second quarter was about 2.858 billion yuan, ranking first in the world, with a significant quarterly increase of about 1 times; while Dubai had a high transaction volume of 143 transactions during the period, maintaining its top position with a quarterly increase of about 28.8%. Liam Bailey, Director of Global Research at the company, said that the global super luxury homes market continues to show strong performance. Dubai still maintains its leading position, with the recovery of the New York market and the strong rebound of Los Angeles and Hong Kong showing the depth and diversity of market demand. Despite the increasingly complex macroeconomic environment, it is expected that the current market momentum will continue.