The buyer actively seeks to purchase a duplex apartment at the Peak of the Peak for HKD 100 million, with a transaction price of 42000 per square foot

1、 Scarce Top Luxury: The Location and Product Value of the Peak Royal Peak

Yu Feng is located at 41C Stubbs Road, Hong Kong Island. It is a traditional luxury residential area in Hong Kong, developed and held by Henderson Land for over 20 years. The entire building only has 54 fully duplex units, with a standard duplex usable area of approximately 2333-2343 square feet. It is a rare pure duplex luxury residential community in the East Mid Levels.

The duplex unit located in Room B on the 15th floor of this transaction has a practical area of 2337 square feet and is planned to have a layout of 4-bedroom double suite and double worker suite. The floor height of the dining hall is about 6 meters, and the space is spacious and magnificent; At the same time, it boasts dual views of Victoria Harbour and Happy Valley Racecourse, with unobstructed views. It is a rare landscape duplex apartment in the market, and the supply of such properties is extremely limited in traditional areas on the mountaintop.

2、 Proactive purchase: The buyer makes a sincere offer, and Henglong sells the goods accordingly

Unlike the passive sales of conventional properties, this transaction was initiated by the buyer, who directly expressed their intention to purchase and made a bid. In the end, both parties completed the transaction at a discounted price of HKD 100 million, with a price of approximately HKD 42790 per square foot.

Henderson Land has long relied on rental income as the main source of income for Yu Feng, with reluctance to sell as a supplement. Previously, it only sold a duplex unit on the 47th floor of Unit A in February 2025, with a transaction price of HKD 162.28 million and a high price of HKD 69439 per square foot. The reason for selling the property again after a year is due to the buyer's sincerity and the fact that their offer meets market expectations. At the same time, it also aligns with the developer's strategy of accelerating the sale of high-quality rental properties and revitalizing assets in the context of the recovery of the real estate market.

3、 Signal of recovery: The resilience of the luxury housing market is highlighted, and scarce assets are being sought after

The transaction of one billion yuan at Yu Feng is another strong proof of the recovery of the luxury housing market in Hong Kong. Since 2026, the recovery trend of the Hong Kong real estate market has been clear, with more than a thousand transactions of first-hand properties stabilizing for consecutive months, and the resilience of the second-hand market showing. The activity of transactions of top tier luxury homes worth billions of yuan has significantly increased, and the demand for scarce core assets from high net worth individuals continues to be released.

As a benchmark location for luxury homes in Hong Kong, the land supply on the mountaintop is almost depleted. Properties such as Yu Feng, which are fully duplex, have scarce landscapes, and mature building ages, have become a key focus for high net worth buyers due to their comfortable living conditions and asset preservation properties. Although the price per square foot has fallen by about 38% compared to last year's high trading volume, it still reflects the price support of the scarce top luxury in the current market environment.