The total transaction value of super luxury properties in Hong Kong in the third quarter reached 1.58 billion US dollars.

News on November 13 shows that Knight Frank released its latest *Global Ultra-Prime Residential Property Report*, pointing out that among the 12 markets it tracks, a total of 470 transactions over 10 million US dollars were recorded in the third quarter of 2026, down 19% quarter-on-quarter and 2% year-on-year.

The report states that after recording strong transaction volumes at the beginning of this year, the trading activity of the market slowed down in the third quarter.

For the first time since 2022, Hong Kong of China has surpassed Dubai in the total transaction value of ultra-luxury properties. Hong Kong recorded 78 transactions in the third quarter, with a total transaction value of 1.58 billion US dollars.

Calculated by the number of transactions, Dubai continues to be the largest ultra-luxury property market, recording 86 transactions in the third quarter with a value of 1.57 billion US dollars.

Sydney recorded its strongest quarterly performance in history, with 57 ultra-luxury property transactions in the third quarter, up 111% quarter-on-quarter, and the total transaction value rose 77% to 724 million US dollars.

The report points out that the sentiment of the ultra-luxury property market in the Asia-Pacific region, led by Hong Kong of China, Singapore and Sydney, is positive, while the transaction volume of ultra-luxury properties in the United States declined in this quarter.

This article is from The Viewpoint, and 36Kr publishes it with authorization.