US Union: Up to now, the first-hand sales volume of over HK$100 million of luxury homes has reached 150, involving an investment of about HK$28.6 billion

According to the Zhitong Finance App, Midland Property analyst Shum Chung-him pointed out that Hong Kong recorded 150 first-hand sales of over HK$100 million this year (as of November 9), which is 48.5% higher than the 101 cases recorded in 2018. Compared with the 109 records recorded in 2018, it also increased significantly by about 37.6%, setting a record high since the implementation of the “First-hand Residential Property Sales Regulations” in 2013.

Shen Songqian added that Hong Kong's status as an international financial center has attracted high-value-added financial institutions to expand their business, and the willingness of high-income people and entrepreneurs to buy homes has increased, providing strong support for the luxury housing market. Coupled with the scarce supply of super luxury homes, it has long been favored by high-asset people, further attracting capital into the high-quality property market.

Of the 150 first-hand transactions over HK$28.6 billion during the year, a total of about HK$28.6 billion was involved, accounting for 13.4% of the total first-hand private home transaction amount of about HK$212.7 billion during the year. It also set a new high since the implementation of the “First-hand Residential Property Sales Ordinance”, reflecting the strong ability to attract more than HK$100 million in new properties this year, making a significant contribution to the overall first-hand transaction amount.

Looking back at 150 first-hand transactions of over HK$100 million during the year, the Western Mid-Levels recorded the highest number of 77 transactions, accounting for about 51.3% of the total. The amount involved was also the highest, about HK$13.54 billion, accounting for about 47.4% of the total.