Luxury home transactions in Hong Kong hit a new 31-year high in terms of transaction amount.

When the mainland property market is still slowly recovering, a large number of upper-middle class and above individuals have already raised funds to bottom out the Hong Kong property market, buying up luxury homes in Hong Kong. According to data from the research department of Hong Kong's Midland Realty, in the first half of 2026, there were 2372 transactions of second-hand private residential properties with a total price of over 20 million yuan, totaling 111.318 billion yuan. The registration amount reached a new half-year high since the second half of 1995. At the same time, the overall property market in Hong Kong has already hit bottom and rebounded, setting a benchmark for the recovery of the Chinese property market. In the first half of the year, a total of 49,955 property transactions were recorded in Hong Kong, with a total value of 410.289 billion yuan. The number of transactions reached a new high in 5 years since the first half of 2021, and the amount reached a new high in 4 and a half years since the second half of 2021.