Asia’s leading luxury market, Hong Kong, has slowed in recent years, the result of government measures designed to calm real estate values.
However, it remains a prized global city for luxury real estate, boasting the world’s most expensive sale in 2015 and the highest price paid per square foot. Singapore has experienced several years of softening prices thanks to government cooling measures, but is on the up again, ranking fifth among the world’s top 10 cities for prime property.
The average starting price for a luxury home in Hong Kong, compared to $3m+ in Singapore.
The price achieved for a property in Hong Kong’s Barker Road Estate, the world’s most expensive sale in 2015