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Hong Kong's prime property market continues to thrive: record prices are being sold
Hong Kong's prime property market continues to thrive: record prices are being sold 香港
By   Internet
  • 城市報
  • Hong Kong real estate
  • high-end real estate
  • Hong Kong real estate market
  • property transaction price
Abstract: The high-end real estate market in Hong Kong continues to thrive and attract attention, even in the current policy environment. Homebuyers' pursuit of quality living and confidence in the long-term appreciation of Hong Kong's property market will continue to drive the development of this market.

Hong Kong's property market has long been known for its vibrancy and resilience, especially in the high-end sector. Recent transaction data once again demonstrates the robust performance of this market. For example, ST. GEORGE'S MANSIONS, a luxury residential project in Ho Man Tin developed by Sino Group and China Light and Power Group, successfully sold a four-bedroom luxury mansion yesterday, with a transaction price of HK$85.48 million, and a selling price per square foot of HK$40,958. Such transaction prices are remarkable, highlighting the prosperity of Hong Kong's high-end real estate market.


The successful transaction of ST. GEORGE'S MANSIONS underscores homebuyers' pursuit of quality living. Situated in Ho Man Tin, the project enjoys a convenient location and luxurious design, attracting widespread attention from homebuyers. Moreover, in Mid-levels West, The University Heights also auctioned a three-bedroom luxury home, with a transaction price of HK$62.5 million and a price per square foot of HK$39,457. The transaction prices of these high-end projects have all set market records, demonstrating homebuyers' high recognition of quality properties.


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Internet


On the other hand, The Victoria Harbour III project in West Kowloon also performed well. A unit with an area of 525 square feet was sold for HK$12.7016 million, with a price per square foot of approximately HK$24,194. This transaction once again demonstrates homebuyers' pursuit of superior locations and high-quality living environments.


Recent adjustments to government real estate policies seem to have failed to dampen the vitality of the high-end real estate market. Despite facing a series of regulatory policies, high-end properties continue to attract interest from mainland and local homebuyers, and transaction prices remain high. This phenomenon reflects Hong Kong's attractiveness as an international financial center and a city with superior quality of life, as well as homebuyers' confidence in the long-term appreciation of the Hong Kong property market.


In addition to luxury mansions, the high-end apartment market also shows signs of activity. For example, a unit with an area of 285 square feet in the ONE SOHO project in Mong Kok was sold yesterday for HK$5.6684 million, with a price per square foot of approximately HK$19,889. Similarly, The Summit in Wong Chuk Hang also recorded notable transactions, with a unit with an area of 571 square feet sold for HK$16.5063 million, reaching HK$28,908 per square foot.

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Hong Kong's prime property market continues to thrive: record prices are being sold
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