Repulse Bay Villa Listed at HK$900M-Market Value: Luxury Property Market Heats Up
AM730 · 1 SOURCESabout 2 hours ago2 MIN
Summary
A prestigious detached villa at 72 Repulse Bay Road in Hong Kong's exclusive The Repulse Palace development has been relisted for sale with a market valuation of HK$9-10 billion. The property, privately held by a shareholder of First Group, is being exclusively represented by Centaline Property Agency, which expressed confidence in the sale given the current robust performance of Hong Kong's luxury residential market. The villa features extensive living spaces across six floors, a private swimming pool, and a dedicated elevator system, catering to ultra-high-net-worth buyers seeking trophy assets in Hong Kong's most coveted residential enclave.
Key Points
- The villa at 72 Repulse Bay Road spans 18,274 sq ft of saleable area across Ground to 5th Floor plus roof, featuring 8 en-suite bedrooms, a private swimming pool, elevator, parking, and outdoor terrace
- Supporting outdoor spaces include a garden of 4,265 sq ft, front courtyard of 2,621 sq ft, landscape garden of 1,108 sq ft, parking area of 336 sq ft, and roof terrace of 1,141 sq ft
- August primary market recorded approximately 15 transactions exceeding HK$100 million, representing a 90% increase from July's roughly 8 transactions
- Properties priced above HK$50 million recorded approximately 37 transactions in August, up nearly 30% month-over-month, while year-to-date primary transactions surpassed 13,500 deals, the highest for any January-August period since 2019
- The Mid-Levels South district has seen 7 independent villa transactions this year, the highest in six years, with fewer than 5 independent villa listings priced between HK$500 million and HK$1 billion available in core Repulse Bay and Deep Water Bay
Why It Matters
The relisting of this ultra-luxury villa at a reduced asking price of HK$900 million, down from HK$2.2 billion in 2022, reflects shifting dynamics in Hong Kong's super-prime residential market. The broader market data showing a 90% surge in HK$100 million-plus transactions signals renewed confidence among high-net-worth and institutional buyers, positioning Hong Kong's luxury property sector as a preferred destination for wealth preservation and capital allocation in the region .
The relisting of this ultra-luxury villa at a reduced asking price of HK$900 million, down from HK$2.2 billion in 2022, reflects shifting dynamics in Hong Kong's super-prime residential market. The broader market data showing a 90% surge in HK$100 million-plus transactions signals renewed confidence among high-net-worth and institutional buyers, positioning Hong Kong's luxury property sector as a preferred destination for wealth preservation and capital allocation in the region .