Hong Kong Luxury Condo Sales Hit Record Prices Amid Strong Demand

Hong Kong’s high‑end residential market continued to post record‑breaking sales. In Ho Man Tin, the ST. George’s Mansions development sold a 2‑bedroom unit of 764 sq ft for HK$26.21 million, a price of HK$34,306 per sq ft, marking the eighth transaction in just two months. The project has already realised more than HK$118 billion from the sale of 162 units, leaving only a handful of 2‑room flats on the market.

At the same time, New World Development and MTR’s Sha Tin‑based Park Oi Zhuang III recorded a new high for 2‑room units, selling a 475‑sq ft flat for HK$13.44 million (HK$28,312 per sq ft). The sale set a dual record for both 2‑room and 1‑room units in the complex, which has accumulated sales of over HK$70 billion across its series.

Both projects underscore persistent buyer interest in limited‑supply, prime‑location luxury apartments, driven by local and foreign investors seeking capital appreciation and rental returns.