Luxury Pulse Daily Digest

Li Ka-Shing’s CK Asset Sets a 2026 Record with US$46.2 Million Mid-Levels Penthouse Sale

Hong Kong’s CK Asset Holdings sold a 2,911‑sq‑ft Mid‑Levels penthouse for HK$362 million (≈US$46.2 million), setting a 2024 per‑square‑foot record of HK$124,356. The deal underscores a surge in ultra‑luxury activity, with 93 homes above HK$100 million changing hands in the first four months, worth about US$2.42 billion versus US$842 million a year earlier. Hong Kong has also eclipsed Switzerland as the world’s largest cross‑border wealth hub, holding roughly US$2.95 trillion in offshore assets. The market’s resilience comes amid geopolitical uncertainty and tighter capital controls in mainland China.

Source: South China Morning Post — Economy