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Cheryl Arcibal

Activity in Hong Kong’s ultra-luxury residential market is picking up, with Swire Properties selling two homes in Deep Water Bay for a whopping HK$2.2 billion (US$283 million).
The two three-storey units at 6 Deep Water Bay Road had saleable areas of about 9,600 sq ft and 5,300 sq ft, with the transactions set to be completed in the first quarter of 2026, the developer said. Both units were acquired by the same buyer.
On a per square foot basis, the deal works out to HK$147,010, “one of the highest achieved in recent years for luxury residential properties in Hong Kong”, according to a statement from the developer.
“We’re absolutely delighted to have sold these two exceptional houses at 6 Deep Water Bay Road so soon after introducing them in the third quarter this year,” said Adrian To, director for residential at Swire Properties.
“The overwhelming response received from local and international buyers alike demonstrates the market’s appreciation of this premium product, highlights the continued vibrancy and resilience of the luxury residential market in Hong Kong, and reflects the robust demand for world-class residential properties in the city’s most sought-after locations.”
A 2015 deal for a 9,890 sq ft property at 22 Barker Road on The Peak came in at HK$150,000 per square foot, then the world’s second-most expensive on a per square foot basis. The property was sold for HK$1.5 billion, with the buyer believed to be Alibaba Group Holding’s founder Jack Ma. Alibaba owns the Post.
Each house at 6 Deep Water Bay Road has four to five en suite bedrooms, outdoor terraces, private swimming pools, landscaped gardens, and a wraparound glass facade offering panoramic views of the coast, Swire Properties said.

Meanwhile, a company linked to the CEO of a Shanghai-listed printed circuit board (PCB) manufacturer paid HK$436.8 million for a luxury home, also in Deep Water Bay, making it one of the largest deals in recent weeks.
Olympic Worldwide Investment registered the transaction for the unit at the 37 Island Road development in the Southern district on Friday, according to the Land Registry.
The previous owner, Beyond Best Holdings, acquired the property in 2011 for HK$435 million, the records showed. In 2024, the company changed its name to Perpetual Holdings, according to the Companies Registry.
Eric Siu Yick-chong was the sole shareholder and director of the company, the records showed. Siu, the son-in-law of Nan Fung Group’s honorary chairman Vivien Chen, is a keen property investor, according to local media reports.
The unit measuring 4,257 sq ft is one of the four homes in the project, according to a property agency’s website.
She Ying Chieh, who holds a Hong Kong identity card, is a shareholder and sole director of Olympic Worldwide, according to the Companies Registry. She also serves as a director in at least seven other firms and as CEO of PCB maker Olympic Circuit (China).
The Post has sought She’s comment via Olympic Circuit.
Based in Jiangmen in south China’s Guangdong province, Olympic Circuit said in August that it planned to invest 2.6 billion yuan (US$369 million) to build new plants in Heshan, also in Guangdong province, and Chachoengsao in central Thailand, due for completion next year and 2027, respectively, according to Chinese media outlet Yicai Global.
Olympic Circuit was a supplier for companies such as Tesla, Panasonic, Mitsubishi Motors, Bosch, Dyson, Synaptics, Abbott Laboratories and Insulet, the report added.
Several large-ticket deals involving affluent investors in Hong Kong have been completed in recent weeks amid a resurgent residential property market. Prices of lived-in homes had risen 1.74 per cent this year, while high-end homes, or those measuring at least 1,076 sq ft, had climbed 0.94 per cent, according to the latest official data.
Upmarket homes snapped up in recent months include a HK$132 million unit at The Legacy in Mid-Levels West by Cherry Hill Investment, an entity linked to Arnold Lee. The transaction was completed on November 25 and registered on December 16.
Lee is the CEO of Hecny Group, a global freight and logistics company founded in 1951 by his father, Charles C.K. Lee. The elder Lee was among the first in Hong Kong to secure a licence from the International Air Transport Association, as the city’s export sector expanded rapidly in the post-war decades.
Meanwhile, a nephew of the late Hong Kong shipping tycoon Y.K. Pao bought a HK$75 million luxury flat in Repulse Bay earlier this month.
Crosspark Limited, an entity linked to Raymond Pao Lun-kwok, bought the 2,491 sq ft, four-bedroom flat in Grand Garden in the affluent Southern district on December 8, according to the Land Registry.


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Hong Kong property

Swire Properties sells 2 Deep Water Bay homes for US$283 million in biggest deal in years

Swire Properties’ 6 Deep Water Bay Road project. Photo: Handout

37 Island Road in Deep Water Bay comprises four independent houses. Photo: Handout

Hong Kong shipping baron’s nephew buys US$9.6 million flat in Repulse Bay

A company called Crosspark, connected to the nephew of the late shipping baron Y.K. Pao, has bought a flat in the Grand Garden residential project in Repulse Bay. Photo: Handout

The Grand Garden residential development is in Repulse Bay. Photo: Handout

Late casino tycoon Fu Tak-iam’s family buys Hong Kong serviced flats for US$71 million

Pleasure Properties was identified as the buyer of CHI 138, a 107-unit serviced-apartment property in Wan Chai. Photo: Handout

Hotel Ease in Mong Kok, sold in August, is slated to become student housing. Photo: Handout

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The two three-storey units at 6 Deep Water Bay Road fetched HK$147,010 per square foot, the highest since HK$150,000 for a 2015 deal


The two three-storey units at 6 Deep Water Bay Road fetched HK$147,010 per square foot, the highest since HK$150,000 for a 2015 deal.


Swire Properties sells 2 Deep Water Bay homes for US$283 million in biggest deal in years

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}The two three-storey units at 6 Deep Water Bay Road fetched HK$147,010 per square foot, the highest since HK$150,000 for a 2015 deal

The two three-storey units at 6 Deep Water Bay Road fetched HK$147,010 per square foot, the highest since HK$150,000 for a 2015 deal