Foreign media: Over the past 19 months, the top luxury real estate market in Hong Kong has recorded about 35 transactions worth approximately HKD 23 billion (USD 2.93 billion). The buyer structure has significantly shifted from local real estate tycoons to new Chinese mainland elites.
According to Savills, mainland billionaires accounted for 80% of luxury property transactions priced at HKD 300 million or more. In 2024, there were 24 transactions, and in the first seven months of this year, there were 9 transactions. Buyers mostly come from emerging industries such as artificial intelligence, fintech, and gaming, or sectors like healthcare and logistics that saw significant profit increases due to the pandemic.
Original article: www.toutiao.com/article/1840151592595459/
Statement: This article represents the views of the author himself.