Hong Kong logs US$95 million worth of luxury home deals in a single day

South China Morning PostCenter-RightEN 1 min read 100% complete by Cheryl ArcibalJanuary 27, 2026 at 12:00 PM

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Hong Kong recorded US$95 million in luxury home sales in a single day, with five upscale properties in areas like Mid-Levels and Sai Kung changing hands. This flurry of deals signals a recovery in Hong Kong's residential property market, driven by affluent buyers and investors acquiring high-end assets. Experts suggest the increased activity is due to a perceived dwindling supply of attractively priced luxury homes. As of November, prices for larger homes have risen slightly compared to the end of 2024, though they remain below their 2021 peak. Analysts attribute the renewed interest to mainland capital returning, with buyers fearing rising prices and a closing window for acquiring prime properties.

Key Entities & Roles

Key Player Opposition Context

Wan Chai 50% Mid-Levels 50% Sai Kung 50% Mainland 60% Land Registry 60% Derek Chan Hoi-chiu ×270% Ricacorp Properties ×280% Hong Kong ×4100%

Keywords

luxury homes 100% property market 80% real estate 70% home sales 60% property prices 60% residential property 50% investment 50% high-end properties 50% market recovery 40%