ultra-luxury homes

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Why Are Mainland Buyers Snapping Up HK Ultra-Luxury Homes?

Introduction Mainland Chinese investors are now at the forefront of Hong Kong’s ultra-luxury property market—a trend that’s reshaping demand and economics at the super-prime level. Market Snapshot According to Savills, Hong Kong’s super-luxury market recorded 35 transactions valued at approximately HK$23 billion (US$2.93 billion) over the past 19 months. Remarkably, buyers from mainland China accounted for 80% of these deals, with 24 acquired in 2024 and nine in the first seven months of 2025. Regional Focus of Purchases These premium acquisitions are concentrated in prestigious locales—from The Peak and Jardine’s Lookout down to Kowloon’s Kai Tak and Kowloon Tong. A

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property News

Manhattan’s Luxury Real Estate Booms Despite Supply Shortages

The Manhattan luxury real estate market experienced a surge in home contracts during the third quarter of 2024, despite a notable decrease in available listings. According to recent reports, sales of residential properties priced at $20 million or more saw a 16.7% year-over-year increase, signaling a significant uptick in high-end property activity. Historically, real estate activity in Manhattan tends to slow down during the summer months. However, the third quarter saw a surprising rise in ultra-luxury home deals, driven by a strong stock market and lower interest rates. Compass, a leading brokerage, reported a 15.4% jump in contracts for homes

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