Source: Lander Lai (Pexels)

Hong Kong amongst cities with most ultra-prime residential sales 

Ultra-prime properties are worth at least US$25m.

Hong Kong ranked amongst the top 10 cities with the most transactions involving ultra-prime residential, or properties worth US$25m, Knight Frank reported. 

The list was led by London and New York, each with 43 ultra-prime sales, followed Los Angeles (39), Hong Kong (28), and Miami (23).

Also amongst the top are Singapore (18), Palm Beach & Broward (18), Geneva (16), Sydney (7), and Paris (6).

Read more: HK is 3rd leading global city for the wealthy

“2023 is turning into a pivotal year for real estate in the region. It is time to look beyond a year of ‘Permacrisis’ where wealth creation takes a turn this year,” Christine Li, Head of Research at Knight Frank Asia-Pacific, said. 

“In 2023, 45% of Asia-Pacific HNWIs are forecasted to experience an increase in terms of wealth as compared to 25% in 2022. This optimism and confidence are driven by asset repricing, perceived value opportunities and an expected economic rebound in the Asia-Pacific region.”

 

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

OPPO deepens PolyU ties with $32.5m AI imaging research push
The university will also launch a new faculty to address computing needs.OPPO Mobile is set to deepen its partnership with Hong Kong Polytechnic University (PolyU) by increasing funding and tech investment, particularly within the PolyU-OPPO Joint Innovation Research Centre.

Exclusives

Braillic’s AR tech helps brain surgeons see through the walls
The medical software provider plans to expand its use to spinal and orthopaedic procedures.
Healthcare
Stellerus helps organisations manage hazard, climate risks
The Hong Kong startup offers a fast and accurate early warning system for natural disasters.
K11 MUSEA bridges art, culture, and retail
Visitors find top-tier brands and museum-grade art pieces at the cultural-retail landmark.