Prime Residential Ultra-prime city
Rank 04
Hong Kong Peak and Island South
Still the dearest Savills world city at $3,730 psf — a 2025 hangover, not a lost prime market.
Photograph by Dllu, CC BY-SA 4.0, via Wikimedia Commons, resized
Why it is here
Savills Dec 2025: Hong Kong prime $3,730 psf / €34,600/sqm, the index’s most expensive city. Knight Frank’s dollar tracker has USD 1mn buying 23 sq m — second only to Monaco. PGCI has flipped back to +0.5% YoY / +1.5% QoQ by Q1 2026 after a −3.2% Savills 2025 capital-value year. CBRE recorded 146 deals above HK$100m in 2025 and 64 in Q1 2026 alone (+156% YoY), with mainland buyers 50–60% of primary luxury above that ticket. Trophy comps include Mid-Levels at HK$126,000 psf. This is scarcity plus a recovering book, not a growth-chase pick.
Who it is for
Asia-based family offices and mainland principals who already bank and school in Hong Kong and want Peak or Island South stock with onshore capital.
Sources
- Prime Global Cities Index Q1 2026Hong Kong prime +0.5% YoY / +1.5% QoQ; five-year +1.0%.
- World Cities Prime Residential Index 2026 forecast vs 2025 growthHK Dec 2025 prime $3,730 psf / €34,600 psm; 2025 −3.2%; 2026 forecast +2% to 3.9%.
- World Cities Prime Residential Winter/Spring 2025Hong Kong then the index’s most expensive market at $3,860 psf / €38,000 psm.
- Hong Kong Real Estate Market Outlook Remains Positive (Q1 2026)64 deals >HK$100m in Q1 2026 (+156% YoY); mainland buyers 50–60% of primary luxury >HK$100m in 2025.
- Wealth Report 2026 / PIRI USD 1mn trackerHong Kong second-most expensive: USD 1mn buys 23 sq m.
