Luxury Homes Above HK$50 Million Lead Market Rebound
AM730 · 1 SOURCESabout 12 hours ago2 MIN
Summary
Hong Kong’s high-end housing segment gained momentum in the first half of 2026, and large luxury homes priced above HK$50 million became a leading force behind the market’s rise . In the HK$50.01 million to HK$100 million range, first-hand private residential registrations totaled 231 cases involving HK$15.6 billion, while first-hand activity stayed above second-hand volumes for 3.5 straight years . Hong Kong Island recorded 179 first-hand transactions above HK$50 million in the first half, excluding internal transfers above HK$100 million, representing a year-on-year increase of 1.29 times . Among standout projects, CITIC Pacific’s Jardin Summit．Jardine’s Lookout in the eastern Mid-Levels luxury belt posted 43 sales by July 2026, accounting for nearly 38% of all units and generating more than HK$2.2 billion .
Key Points
- In first-half 2026, 231 first-hand private homes priced between HK$50.01 million and HK$100 million were registered, involving a combined HK$15.6 billion .
- First-hand registrations in that price bracket have exceeded second-hand registrations for 3.5 consecutive years, highlighting sustained demand for new luxury stock .
- On Hong Kong Island, first-hand deals above HK$50 million reached 179 in the first half, excluding internal transfers above HK$100 million, up 1.29 times year on year .
- Jardin Summit．Jardine’s Lookout, developed by CITIC Pacific on Tai Hang Road, sold 43 units by July 2026, or nearly 38% of the project .
- A 1,679-square-foot four-bedroom, two-en-suite unit with parking recently sold by tender for HK$82.8 million, or HK$49,315 per square foot .
Why It Matters
The figures suggest that top-tier buyers are returning to Hong Kong’s primary luxury market, especially for larger homes in established prestige districts with privacy and harbour views . The strong response at Jardin Summit．Jardine’s Lookout also indicates that developers may gain pricing power, with the report noting remaining units in Tower 1 could have 5% to 8% upside .