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Chris Tsang

Hong Kong’s luxury property market will remain resilient for the rest of the year but prices could stay mild, according to property agents, following the market’s robust rebound in the first half.
According to data provided by Midland Realty, the transaction volume and value of luxury properties worth over HK$50 million (US$6.38 million) – in both the primary and secondary markets – registered a significant growth in the first half of 2026, reflecting a vibrant high-end property market and a continuous influx of capital into the sector.
Up to the end of June, the transaction volume of primary private residential properties valued over HK$50 million reached 296 cases, representing a surge of 80.5 per cent compared to the 164 cases in the first half of 2025.
In terms of transaction value, the total primary luxury sales amounted to HK$30.33 billion in the period, which represented a twofold growth versus HK$15.059 billion in the first half of 2025.
A slew of luxury property deals have been sealed recently, for example, Hong Kong actor and singer Eason Chan bought a home in Shouson Hill for HK$182.53 million in June.
The same month, the president of a Shanghai-listed mining company Tibet Summit Resources, Mao Yuankai, was identified as the buyer of a luxury house in Hong Kong’s Stanley district for HK$220 million.
Secondary transactions valued above HK$50 million stood at 172 cases as of the end of June, representing an increase of 59.3 per cent, compared to 108 for the first half of 2025.
The total value of secondary luxury property reached HK$19.21 billion in the period, which has surged 76.9 per cent, versus HK$10.86 billion in the first half of 2025.


Despite the reactivation of the Hong Kong luxury property market, analysts said that buyers were not expecting aggressive pricing for this high-end segment.
Joseph Yan, senior principal district sales director at Centaline Property, said that overall sales of the luxury market “should remain decent” if the asking prices from primary developers or secondary owners “are not far from previous transaction prices”.
“If some owners are overly aggressive with their pricing – for instance, hiking the price of a property previously transacted at HK$200 million up to HK$250 million or HK$300 million – it will likely be quite difficult under the current market sentiment,” he noted.
Paul Cheung, regional sales director at Centaline Property, said the mindset of buyers this year had been more proactive than previous years, with many willing to enter the market.
Looking ahead to the second half of the year, Cheung believes the transaction volume of large-ticket luxury properties will maintain its first-half momentum, with property prices rising slightly by 1 to 2 per cent.
The launch of new luxury residential projects in the traditional opulent property district – for instance the Mid-Levels – is expected to further stimulate sales, according to Cheung.
Besides the Mid-Levels, other prime luxury property enclaves such as the Peak and Southern districts will see a steady transaction volume in the second half due to a severe depletion of available stock and tight supply, according to John Fong, chief district sales director at Midland Realty.
In terms of demand, Fong also pointed out that Mainland China’s intensified crackdown on capital flight has led to a decline in overall transaction volume in the Hong Kong property market.
For the Peak and Southern district, a total of 116 luxury property transactions were recorded as of the end of June, an increase of 52.6 per cent year-on-year, he added. Total value also went up by over 77.2 per cent from a year earlier to HK$13.39 billion.


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Big-ticket luxury home prices expected to rise up to 2% as more buyers enter the market and momentum stays buoyant after strong first half


Big-ticket luxury home prices expected to rise up to 2% as more buyers enter the market and momentum stays buoyant after strong first half.


Buyers eye Hong Kong luxury properties as agents predict price growth will remain mild

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}Big-ticket luxury home prices expected to rise up to 2% as more buyers enter the market and momentum stays buoyant after strong first half

Big-ticket luxury home prices expected to rise up to 2% as more buyers enter the market and momentum stays buoyant after strong first half