Super-prime home sales climb 16% in Q1

Hong Kong ranked second behind Dubai.

Hong Kong's super-prime residential market continued its recovery in the first quarter (Q1) of 2026, with both the number and value of $78.37m (US$10m)-plus home sales increasing from the previous quarter, according to Knight Frank.

The property consultancy recorded 94 residential transactions worth more than $78.37m (US$10m) in Hong Kong during Q1 2026, up 16% from 81 deals in Q4 2025.

Total transaction value rose 17% quarter on quarter (QoQ) to $14.42b (US$1.84b), from $12.3b (US$1.57b) previously, based on Knight Frank's Global Super-Prime Intelligence report.

The performance placed Hong Kong second globally for $78.37m (US$10m)-plus residential transactions, behind Dubai's 193 deals and ahead of New York's 90.

Across the 12 markets covered by the report, Knight Frank tracked 636 super-prime residential sales in Q1, up 14% QoQ, with a combined value of $89.35b (US$11.4b), up 10% from the previous quarter.

Hong Kong, Dubai, and New York accounted for almost 60% of all transactions during the period.

On a rolling 12-month basis to Q1 2026, Hong Kong recorded 284 super-prime residential sales worth $42.64b (US$5.44b), ranking third globally behind Dubai and New York.

Liam Bailey, global head of research at Knight Frank, said Hong Kong and New York both showed renewed strength during the quarter.

"Q1 delivered a strong headline result for the global super-prime market, but the numbers need careful interpretation," Bailey said.

"Dubai's performance was exceptional, though driven by pre-conflict activity in January and February. The Q2 data will provide a clearer test of how regional uncertainty is affecting demand,” he said.

The report tracks publicly available residential transactions valued at $78.37m (US$10m) or more across 12 international markets, with US market data provided by Miller Samuel.

($1 = US$0.13)