Lead
In the first quarter of 2024, Hong Kong’s luxury property market recorded a doubling of transactions compared with the same period in 2025. The surge was highlighted by the sales of two well‑known actors, Nick Cheung and William Chan, who sold their high‑end flats for HK$132 million and HK$120 million respectively.
Background
The city’s high‑end real‑estate segment has been recovering after a period of subdued activity. CBRE, a global property consultancy, reports that transactions in the luxury segment more than doubled in Q1 2024 versus Q1 2025, signalling renewed investor confidence and a strengthening market.
What Happened
Nick Cheung sold his unit at Grenville House in Mid‑Levels for HK$132 million. William Chan’s property, also located in the upscale Mid‑Levels area, was sold for HK$120 million. Both sales were completed in the first quarter of the year, underscoring the active buying and selling among affluent residents.
