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.

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Activity in Hong Kong’s ultra-luxury residential market is picking up, with Swire Properties selling two homes in Deep Water Bay for HK$2.2 billion (US$283 million). The two three-storey units at 6 Deep Water Bay Road have saleable areas of about 9,600 sq ft and 5,300 sq ft, acquired by the same buyer, with transactions set to complete in the first quarter of 2026.

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