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Story summary
- Five Hong Kong luxury homes sold for HK$93 million to HK$238 million, signaling market recovery.
- Derek Chan Hoi-chiu of Ricacorp Properties notes ultra-luxury availability is scarce, while affluent buyers are rapidly acquiring high-value properties.
- As of November, larger homes rose 1.35% from late 2024 and remain about 20% below the October 2021 peak.
- Buyers are urged to act quickly as prices stabilize and begin to rise.
