Hong Kong Stars Fuel Upmarket Home Sales Surge The recent sale of luxury properties by Hong Kong celebrities Nick Cheung and William Chan has reignited interest in the city's upmarket real estate market.
Transactions in this segment more than doubled in the first quarter compared to the same period last year, according to consultancy CBRE.
Cheung's sale of his 3,366 sq ft flat at Grenville House in Mid Levels for HK$132 million (US$16. 86 million) is a prime example of this trend.