Hong Kong sees 10-month high in upscale home sales

South China Morning PostCenterEN 1 min read 100% complete by Cheryl ArcibalOctober 27, 2025 at 10:28 AM

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Hong Kong has experienced a 10-month high in upscale home sales, with 78 first-hand private residential transactions priced between HK$30 million and HK$49.99 million registered in the first 20 days of October. This marks a 24% increase from September's total of 63 transactions and a 2.9-fold rise from January's low of 20 deals. Former Alibaba Group Holding chairman Zhang Yong contributed to this trend by purchasing a luxury home in Mid-Levels for HK$53.54 million (US$6.89 million). The surge follows Chief Executive John Lee Ka-chiu’s announcement to lower the entry threshold for residential properties under the Investor Entry Scheme from HK$50 million to HK$30 million. Mid-Levels Central saw the highest number of transactions with 34 deals, followed by Mid-Levels West and Kai Tak.

Key Topics & Entities

Kai Tak 40% Kennedy Road 40% Derek Chan 40% Ricacorp Properties 40% John Lee Ka-chiu 50% Alibaba Group Holding 50% Mid-Levels ×260% Zhang Yong 60% Hong Kong ×4100%

Keywords

upscale home sales 100% hong kong 90% real estate deals 80% investor entry scheme 70% mid-levels 60% residential properties 50% policy address 40%

Sentiment Analysis

Very Positive

Score: 0.70

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Source

South China Morning Post

Political Lean

Center (0.10)

Far LeftCenterFar Right

Classification Confidence

90%

Geographic Perspective

Hong Kong

This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).

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upscale home sales hong kong real estate deals investor entry scheme mid-levels residential properties policy address

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