Finnish agent wins US$30.45 million penthouse listing in Hong Kong

A Finnish national turned a two-week trip to Hong Kong in early 2019 into a new career in luxury real estate. Minna Honkanen, now a senior manager at Landscope Realty overseeing the Hong Kong market, is marketing a penthouse duplex valued at HK$238 million (US$30.45 million).

Minna Honkanen could not have anticipated the seismic events that would grip Hong Kong after she decided to try her luck there in early 2019. Two months after her arrival, unprecedented social unrest engulfed the city, followed immediately by the coronavirus pandemic, which shut borders and restricted travel for more than two years. The Finnish national least imagined she would become a luxury property agent in one of the world's most expensive real estate markets, securing exclusive deals typically reserved for local brokers with a language advantage.

Now a senior manager overseeing the Hong Kong market at Landscope Realty, Honkanen is busy marketing a penthouse duplex worth HK$238 million (US$30.45 million) at The Arch above Kowloon Station. The owners, who have held the property for 10 years, granted Landscope an exclusive listing after four years of regular contact with her by text.

Before finding success in Hong Kong, Honkanen worked in Greece and Portugal, where she joined the sales team of a hotel group. She also had a stint in Thailand before visiting Shanghai at the suggestion of a Chinese friend based in Finland.

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CK Asset Holdings sold a luxury penthouse in Hong Kong's Mid-Levels for US$46.2 million, setting the highest price per square foot record for a first-hand transaction in 2026.

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Sales of luxury homes in Hong Kong surged 156% in the first quarter, driven by stock-market gains and attractive prices, real estate agents say. Mainland Chinese buyers accounted for more than half of the deals. The segment is likely to see another increase in the second quarter.

Hong Kong's commercial property market attracted US$1.6 billion in investment in the first quarter, up 41 per cent year-on-year, according to JLL, driven by demand for office, retail and hotel assets. Peer firm CBRE reported HK$12.3 billion (US$1.57 billion), up 105 per cent, amid lower Hibor rates and improving liquidity.

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