Hong Kong luxury homes: mainland Chinese buyers drive US$3 billion buying spree

Luxury $22 Million Hong Kong Home Bought by XPeng’s Brian Gu

The vice chairman and co-president of electric vehicle maker XPeng Inc. bought a luxury home in Hong Kong, as the city’s property market hovers around a nine-year low.

Hong Kong luxury homes: mainland Chinese buyers drive US$3 billion buying spree

Mainland buyers account for 80 per cent of 35 deals in last year and a half, including five above HK$1 billion (US$127 million).

Mainland Chinese are behind a surge in Hong Kong’s ultra-luxury property market

They accounted for 80 percent of real estate purchases over HK$300 million (US$38.5 million) between January 2024 and this past July The post Mainland Chinese are behind a surge in Hong Kong’s ultra-luxury property market appeared first on Macao News.

Luxury HK$171 million Hong Kong home bought by XPeng’s Brian Gu

The vice-chairman and co-president of electric vehicle maker XPeng bought a luxury home in Hong Kong, as the city’s property market hovers around a nine-year low.