Luxury Property
Rich buyers are reshaping ultra-luxury property markets from Sydney and Hong Kong to Dubai, drawn by each city's unique selling proposition. In Sydney, Peter Li, general manager at Plus Agency, said commission revenues on super-luxury homes had risen about 20 per cent from a year earlier. The mood is similarly upbeat in Hong Kong.
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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).