Hong Kong property market hits new record prices in luxury developments

Developer Emperor Realty sold the top‑floor 3‑bedroom unit in the new Hong Kong‑side "澄天" development for HK$25.18 million, a price of HK$28,103 per square foot, marking a project‑record. The nearby "柏瓏" complex posted a 4‑bedroom sale of HK$19.1754 million (HK$19,687 per sq ft), also a new high for the project. In Tai Po, the "林海山城" villa fetched HK$145.6 million (HK$27,571 per sq ft), setting a peak price for the area.

Separately, the K11‑led "揚海" project at Wong Chuk Hang station sold its final 3‑bedroom unit for HK$43.6 million, a per‑sq‑ft price of HK$46,332, the highest for that building type this year. Other notable transactions include a 4‑bedroom unit in "柏傲莊III" sold for HK$24.28 million (HK$24,501 per sq ft) and a duplex in "傲瀧" sold for HK$46.02 million (HK$17,053 per sq ft). These sales illustrate a surge in ultra‑high‑price transactions across Hong Kong's new luxury residential projects.