Hong Kong property developers are bringing new trophy homes to market, as Wharf Holdings kicked off a tender on Friday for three mansions at its ultra-luxury Plantation Road project on The Peak.
The tender marked one of the most closely watched super-luxury home offerings in 2025, following a recent string of high-value transactions that pointed to renewed confidence in the market among affluent buyers.
The three mansions, with saleable areas ranging from 5,629 to 6,122 square feet, include the largest home in the project’s first phase – comprising a total of eight units – that comes with a 4,430 square foot private garden and courtyard.
Advertisement
Wharf’s latest Plantation Road offering reflects how developers are encouraged by improved market sentiment, following a number of big-ticket transactions this year.
While overall housing activity continues to be dominated by mass-market flats, Hong Kong has seen a rebound in deals involving luxury homes priced above HK$50 million (US$6.4 million) in recent months.
Advertisement
In October alone, developers recorded 66 first-hand luxury transactions above that threshold, roughly double the number in September and the highest monthly tally in a year, according to Midland Realty. There were 322 such deals recorded in the first 10 months of the year.
