Melin: The real estate transactions for super luxury properties in Hong Kong during the first 20 days of January increased four times compared to the same period last year, with the transaction amount increasing by 6.57 times.
Analyst Cen Songqian of Cushman & Wakefield pointed out that, according to data from Cushman & Wakefield and market reports, as of January of this year (until the 20th), the transaction volume of super luxury residences exceeding one billion Hong Kong dollars had reached as high as 15 cases. This is four times higher compared to only 3 cases in the entire month of January last year, and surpasses the high point of 13 cases during the same period in 2019.
Analyst of Colliers International, Samson Sum, pointed out that according to data from Colliers International and market news, the number of ultra-luxury residential transactions exceeding one billion Hong Kong dollars in January this year (up to the 20th) has reached as high as 15, compared to only 3 transactions in the entire month of January last year, a four-fold increase, surpassing the high of 13 transactions in the same period of 2019.
Sum continued to say that the total value of ultra-luxury residential transactions exceeding one billion Hong Kong dollars in the first 20 days of this month is approximately 35.6 billion Hong Kong dollars, significantly higher than the approximately 4.7 billion Hong Kong dollars in the same period last year, an increase of about 6.57 times, and about 44% higher than the high of approximately 24.7 billion Hong Kong dollars in the same period of 2024.
He stated that the atmosphere of the Hong Kong property market in 2026 continues to be hot, property prices continue to rise, residential transactions are brisk, and with the Hong Kong IPO market expected to remain active and the trend of Hong Kong stocks improving, coupled with the possibility of further interest rate cuts in the United States, the pace of capital flowing into the luxury property market is expected to accelerate. It is expected that the number of ultra-luxury residential transactions exceeding one billion Hong Kong dollars in 2026 will reach a new high since the introduction of the first-hand sales regulations in 2013.
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