(Jan 6): Developers in Hong Kong were kept busy during the holiday season as rich buyers went on a shopping spree for luxury homes. That bodes well for the luxury sector this year, following a prolonged slump that was exacerbated by distressed owners dumping properties cheaply. HKR International Ltd sold a pair of houses next to its golf club at Discovery Bay for almost HK$1 billion. “Wealthy buyers are making decisions faster,” said William Lau, a senior director and the head of residential agency at Knight Frank in Hong Kong. Knight Frank expects mass residential prices in Hong Kong to jump 5%-8% in 2026 and luxury values to rise 3%-5%, supported by demand from immigrants and finance industry professionals, according to a December report by the real estate consultancy.

Source: The Edge Markets January 06, 2026 04:53 UTC