Hong Kong property market: Someone splurged HKD 100 million to purchase 10 properties

The market heat has soared to boiling point: there has been an extreme case of buyers spending HKD 129 million to purchase 10 units at once for luxury residential projects in the southern district of Hong Kong Island. The 123 units in the new Hung Hom estate were sold out in 4 hours, with a single day cash out of over HKD 1 billion. From the core urban areas to popular areas in the New Territories, strong funds are pouring in crazily, and the Hong Kong real estate market is experiencing a strong recovery trend of "both quantity and price rising, and wealthy investors scrambling to raise funds".

1、 Data explosion: Large scale customers surge 1.3 times, transaction amount exceeds 7 billion yuan

The scale and intensity of this round of "large-scale shopping" have set a historical record, and the data has exploded comprehensively. 265 large-scale transactions involved 695 units with a total amount of HKD 7.13 billion, with an average entry threshold of HKD 26.91 million per group of large-scale customers. Compared to previous years, it is even more crazy: the number of cases has sharply increased by 1.3 times compared to the same period in 2025, and nearly 17 times compared to the 15 cases before the "withdrawal of spicy food" in 2023.

The overall new housing market synchronously broke records: 5373 first hand transactions were registered in the first quarter, with a total amount of HKD 62.8 billion, a year-on-year increase of 38% and 94% respectively, setting a new high for the same period in previous years. Super luxury homes have become a "disaster area", with 48 transactions of luxury homes worth over 100 million yuan in the first quarter, exceeding 47.5% of last year's total, and a single quarter transaction amount exceeding HKD 5 billion. Xinhong Kisisha Bay SIERRASEA has become the "king of tickets", recording 166 large-scale transactions involving 447 groups with a total amount of HKD 2.75 billion. Three rounds of sales have been fully cleared, and nearly 50000 tickets have been received.

2、 High end customers sweep goods: HKD 100 million to grab 10 sets, with mainland funds becoming the main force

Extreme cases in the market are frequent, and "scanning with billions of yuan" has become the norm. The DEEPWARESOUTH project in the Southern District of Hong Kong Island, owned by Hui Tak Fung Real Estate, has an average discounted price of approximately HKD 27000 per square foot, attracting 2200 subscribers and 23 times oversubscription. Some clients directly invested HKD 129 million to acquire 10 properties on Weibo. Henderson Land Development's new property in Hung Hom was sold out immediately upon opening, and there was also a big move of one person scanning 10 sets. The project grossed over HKD 1 billion in a single day.

The buyer structure presents a pattern of "mainland capital dominance, international capital assistance". In the first two months of 2026, mainland buyers accounted for 30% of the first-hand customers, with the number of transactions, partners, and amounts skyrocketing by 3.8 times, 4.8 times, and 3.2 times year-on-year, respectively. From mid-range luxury homes worth 50 million Hong Kong dollars to super luxury homes worth hundreds of millions of Hong Kong dollars, mainland entrepreneurs, high-level talents, and executives of listed companies have become the main force, and "buying multiple sets" and "cross market sales" have become the norm. In addition, Middle Eastern safe haven funds, Southeast Asian family funds, and local corporate clients have also accelerated their entry, forming a prosperous scene of "global funds rushing into the Hong Kong real estate market".

3、 Three core logics: policy, funding, and supply and demand triggering market trends

The current outbreak of the Hong Kong property market is not accidental, but the result of the resonance of three dividends: policy relaxation, loose funds, and supply-demand imbalance, with unprecedented support.

1. The policy of "removing spiciness" has completely released purchasing power: by 2024, the "spiciest measures" such as additional stamp duty and buyer stamp duty will be completely abolished, which is equivalent to the complete cancellation of purchase restrictions in first tier cities in mainland China, and transaction costs will be significantly reduced. In 2026, only minor adjustments will be made to stamp duty on luxury homes with a value of over HKD 100 million, affecting less than 0.3% of transactions, which is considered precise regulation. The relaxation of policies combined with the introduction of over 100000 talents through the "Gaocai Tong" and "Youcai Plan" has led to a concentrated outbreak of rigid demand, clearing obstacles for large customers to enter the market.

2. Interest rate cut cycle+high rent to sales ratio highlights investment value: the United States has entered a rate cut cycle, while Hong Kong's mortgage rates have synchronously declined, resulting in a significant reduction in home purchase costs. At the same time, the Hong Kong rental index has risen for 12 consecutive months, reaching a historic high. The rental to sales ratio is generally higher than the mortgage interest rate, forming a positive income of "balancing supply and over renting", and "using rent to support loans" is a sure win. Combined with the recovery of Hong Kong stocks and IPOs, and abundant private funds, the real estate market has become the preferred target for capital hedging and appreciation.

3. Scarcity of supply+explosive demand, serious imbalance between supply and demand: Hong Kong's land supply has been tight for a long time, and the expected private housing production in 2026 is expected to decrease by 8%. The supply of new properties in core areas is even more difficult to find. The recovery of AI computing power, finance, and high-end service industries has driven the influx of enterprises and talents, and the concentrated release of housing demand has pushed up prices and transactions due to supply shortages. New properties in the urban area are sold out immediately upon opening, and second-hand owners are reluctant to sell and raise prices. The market has rapidly shifted from a "buyer's market" to a "seller's market".