Hong Kong’s Luxury Housing Market Surges on Stock Rally, Interest-Rate Tailwinds
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One Stanley, a new luxury residential project in Stanley developed by K&K Properties. Photo: K&K Properties
Hong Kong’s super-luxury property market is staging a powerful comeback, with a buying spree by wealthy individuals including tech executives driving sales of new high-end homes to more than HK$10 billion ($1.29 billion) in the past four months. The resurgence is fueled by a rallying stock market and falling interest rates, with notable purchases from figures such as former Alibaba Group Holding Ltd. CEO Daniel Zhang and Xpeng Inc. co-president Brian Gu.
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- Hong Kong’s super-luxury property market saw over HK$10.2 billion ($1.29 billion) in new high-end home sales from July to Oct. 27, up 67.5% from the first half of 2025.
- Major purchases were made by tech executives, with the priciest deal being a HK$1.1 billion villa on The Peak.
- The resurgence is driven by stock market gains, lower interest rates, and increased market liquidity.
AI generated, for reference only
Who’s Who
- Alibaba Group Holding Ltd.
- Former Alibaba Group Holding Ltd. CEO Daniel Zhang recently purchased a 2,084-square-foot residential unit in Hong Kong for HK$53.54 million. This acquisition highlights a trend of wealthy individuals, including tech executives, driving a resurgence in Hong Kong's super-luxury property market, fueled by a rallying stock market and falling interest rates.
- Xpeng Inc.
- Xpeng Inc. is represented by its co-president, Brian Gu, who recently made a significant purchase in Hong Kong's super-luxury property market. This indicates the involvement of tech executives and high-net-worth individuals in the recent resurgence of the city's high-end real estate sector.
- Hysan Development Co. Ltd.
- Hysan Development Co. Ltd. (利园发展有限公司) is mentioned in the context of Hong Kong's super-luxury property market. Notably, the former CEO of Alibaba Group Holding Ltd., Daniel Zhang, purchased a 2,084-square-foot residential unit in one of their projects for HK$53.54 million on October 24. This highlights Hysan Development Co. Ltd. as a developer of high-end properties in the region.
- Sun Hung Kai Properties Ltd.
- Sun Hung Kai Properties Ltd. is a developer mentioned in the context of Hong Kong's super-luxury property market. A villa at their Twelve Peaks development on The Peak was sold to a mainland buyer for HK$352 million in early October, highlighting the strong demand for high-end properties.
- K&K Property Ltd.
- K&K Property Ltd. is a real estate developer that sold a villa at its One Stanley project for HK$256 million to a mainland buyer on October 14. This transaction contributes to the resurgence of Hong Kong's super-luxury property market.
- Midland Realty
- Midland Realty provided statistics indicating that new primary homes priced above HK$100 million saw a significant increase in sales, totaling HK$10.2 billion from July to October 27. An analyst from Midland Realty also projects that sales of new super-luxury homes could reach 70 deals totaling HK$15 billion in the second half of 2025.
- Centaline Property Agency
- Centaline Property Agency (中原地产代理有限公司) data indicates that 352 transactions for pre-owned homes valued over HK$20 million occurred in the third quarter, totaling HK$15 billion. This shows activity in the second-hand luxury market, though it is less frenzied compared to the new-build sector.
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What Happened When
- First half of 2025：
- Sales of new primary homes above HK$100 million totaled HK$6.09 billion.
- August 2025：
- A villa on Gough Hill Road on The Peak sold for about HK$1.1 billion (the priciest transaction of this period).
- Q3 2025：
- There were 352 transactions for preowned homes valued over HK$20 million, totaling HK$15 billion.
- Since July 2025：
- Five transactions for new primary homes exceeding HK$500 million were completed.
- July 2025 - October 27, 2025：
- 45 new primary homes priced above HK$100 million were sold for a total of HK$10.2 billion.
- Early October 2025：
- A villa at Sun Hung Kai Properties Ltd.’s Twelve Peaks was sold to a mainland buyer for HK$352 million.
- October 14, 2025：
- K&K Property Ltd. sold a villa at its One Stanley project for HK$256 million to a mainland buyer.
- October 24, 2025：
- Daniel Zhang purchased a 2,084-square-foot unit from a Hysan Development Co. Ltd. project for HK$53.54 million.
- October 29, 2025：
- U.S. Federal Reserve cut its benchmark interest rate for the second time in 2025.
AI generated, for reference only
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