London Daily

Focus on the big picture.
Friday, Nov 28, 2025

Hong Kong Expats Are Buying Up Luxury Homes From London to Los Angeles

Hong Kong Expats Are Buying Up Luxury Homes From London to Los Angeles

The city’s wealthiest citizens are moving their money amid political unrest.

As the U.K. property market rebounds from the Covid-19 lockdown, the capital’s prime residential sector has also received an unexpected boost from Hong Kong residents wanting to relocate. “We’ve never had so many serious inquiries from Hong Kong,” said Trevor Abrahmsohn , managing director of Glentree, a luxury home agency. “These buyers are looking at the top end of the market,” such as rentals of $51,100 a week and sales of up to $76.6 million, he said.

Clients have told Mr. Abrahmsohn they are reacting to the recent political changes in Hong Kong. The territory has been rocked by months of mass demonstrations and the imposition of new laws. “Some buyers have said they’d never considered relocating before but would now rather put their money in the U.K.,” he said. “They feel they’re at risk in Hong Kong.”

Mainland Chinese and Hong Kong nationals are now the largest overseas group investing in London, according to London property agency Beauchamp Estates. Purchases by Chinese investors via Beauchamp include a central London mansion valued at $226.2 million, bought by businessman Cheung Chung Kiu , and a penthouse in Belgravia at $83 million.

According to Jeremy Gee, managing director of Beauchamp Estates, Hong Kong nationals are invariably cash buyers. Unlike mainland China, there are currently no restrictions on moving money out of Hong Kong. “However, this situation may change, an uncertainty that may be boosting interest in overseas assets, like property,” he said.

Hong Kong buyers typically want new homes, or properties that have been recently upgraded and refurbished, said Mr. Abrahmsohn. They often want to purchase multiple residences for family members, he said. One client wanted six properties close together. In another Glentree-brokered negotiation, a Hong Kong businessman bid on three properties worth $103.5 million.

Destinations in Southeast Asia are also proving popular. Singapore is recognized as a stable business hub, with average prices of $1,490 a square foot, compared with Hong Kong’s $4,440 a square foot, the most expensive in the world, according to Savills Prime Index. Kuala Lumpur is one of the world’s most affordable capitals at $270 a square foot.

Peter Ng, a Singapore-based broker, said Vietnam and Indonesia also make attractive investment options. Both, he said, are much less expensive than China and Hong Kong.


Vancouver, Canada, is attracting buyers from Hong Kong.


Lisa Sun, an agent in Vancouver, Canada, said “I used to have one or two inquiries from Hong Kong a month, now I’m getting five or six a week.”

Ms. Sun said buyers include mainland Chinese and Hong Kong citizens relocating and Canadian citizens wanting to return home. The average budget of a Hong Kong buyer, she said, is $1.5 million to $2.2 million and they are more likely to consider new developments in the Vancouver suburbs, where condos or townhouses start at $450,000 to $750,000.

The West Coast of the U.S. is also a destination for high-net-worth buyers. Tomer Fridman, an agent with Compass Real Estate in Los Angeles, said the number of inquiries from Hong Kong clients has tripled this year. “We’ve seen an influx of buyers with $20 million plus, mainly in the ‘platinum triangle’ of Bel-Air, Beverly Hills and Holmby Hills.”


High-end neighborhoods in Los Angeles are particularly popular with H.K. buyers.


James Pratt, an auctioneer working out of Los Angeles, said there has been a definite shift in the type of homes now most sought after. “Buyers from Hong Kong used to want a second home in L.A. Now they’re relocating,” he said. “Instead of a condo for around $600,000, they want a house.” One in 10 L.A.-based transactions Mr. Pratt’s firm has with Hong Kong buyers exceeds $10 million.

Mr. Pratt also operates in Sydney, Australia, and reports a 10% rise in inquiries from Hong Kong-based buyers in the past three months, with half searching for homes exceeding $7.2 million. Most are moving from investment products toward long-term residences and there has been a 15% rise in off-market inquiries, with clients eager to keep transactions private.


Sydney, Australia, is another popular spot for this buying segment.


Mr. Pratt’s Hong Kong clients often have family connections in Sydney and average budgets of $1.4 million to $3.6 million. Sought-after districts include Mosman and Chatswood. Mr. Pratt recently sold three properties in each of these neighborhoods to Hong Kong buyers. Upscale developments such as Barangaroo, a major waterfront site by Sydney’s famous Harbour Bridge, are also popular. Mr. Pratt has seen a 40% jump in inquiries for this development from Hong Kong-based clients over the past 12 months. One-bed properties there start at $1 million.

The influx of buyers from Hong Kong to other locations may be driven by a fear of change at home, but is welcomed in cities that have seen residential sectors hit by Covid-19. “More activity from overseas buyers is good for the market right now,” said Mr. Pratt.

The Neighborhoods Most Popular With Hong Kong Buyers


London


Hampstead and Highgate: Neighboring suburbs, northwest of the city center, with large areas of park, thriving main streets, excellent hospitals and schools. Homes include huge mansions on large plots and luxury apartment buildings. Some roads have private security. Average price: $1.9 million

Kensington: One of the most affluent areas of central London. At the heart of everything with luxury shops, restaurants, and top educational establishments. Most available property is apartments, but large detached or terraced character homes can list for $25.5 million and up. Average price: $2.8 million

Los Angeles


Holmby Hills: In the Santa Monica foothills and one of the most affluent areas in L.A. The site of palatial estate homes with famous owners. Recent sales have set records of above $100 million from buyers wanting space and seclusion with a central location. Average price: $5.9 million

Brentwood: Has a small-town feel close to Santa Monica and downtown LA, with a focus on outdoor living. Upscale boutiques, restaurants and leisure facilities attract a mix of celebs, families and hip younger residents. Average price: $5 million

Sydney, Australia


Chatswood: Vibrant, cosmopolitan neighborhood and business hub, 10 miles north of Sydney’s Central Business District. Has a large, established Asian community, a broad diversity of restaurants and shopping, good transport links and schools. Average price: $1.36 million

Mosman: A premium suburb, the Australian equivalent of Beverly Hills. It is 5 miles from central Sydney, popular with families, has harbor access, good schools and attracts higher-income residents. Prime waterfront homes list at around $7.2 million. Average price: $1.94 million

Vancouver, Canada


Vancouver Westside: Very central, with some of the top schools in Vancouver. Close to the borough of Richmond, with the airport and the site of many Chinese restaurants and retail outlets. It also has easy access to downtown Vancouver. Average price: $2.25 million

West Vancouver: Also known as North Shore, it is situated across the Lions Gate Bridge opposite downtown. An enclave of high-end homes, most situated on a mountainside with city and ocean views. Top private and public schools. Average price: $3.75 million

Newsletter

Related Articles

0:00
0:00
Close
UK Chancellor Reeves Defends Tax Rises as Essential to Reduce Child Poverty and Stabilise Public Finances
No Evidence Found for Claim That UK Schools Are Shifting to Teaching American English
European Powers Urge Israel to Halt West Bank Settler Violence Amid Surge in Attacks
"I Would Have Given Her a Kidney": She Lent Bezos’s Ex-Wife $1,000 — and Received Millions in Return
European States Approve First-ever Military-Grade Surveillance Network via ESA
UK to Slash Key Pension Tax Perk, Targeting High Earners Under New Budget
UK Government Announces £150 Annual Cut to Household Energy Bills Through Levy Reforms
UK Court Hears Challenge to Ban on Palestine Action as Critics Decry Heavy-Handed Measures
Investors Rush Into UK Gilts and Sterling After Budget Eases Fiscal Concerns
UK to Raise Online Betting Taxes by £1.1 Billion Under New Budget — Firms Warn of Fallout
Lamine Yamal? The ‘Heir to Messi’ Lost to Barcelona — and the Kingdom Is in a Frenzy
Warner Music Group Drops Suit Against Suno, Launches Licensed AI-Music Deal
HP to Cut up to 6,000 Jobs Globally as It Ramps Up AI Integration
MediaWorld Sold iPad Air for €15 — Then Asked Customers to Return Them or Pay More
UK Prime Minister Sir Keir Starmer Promises ‘Full-Time’ Education for All Children as School Attendance Slips
UK Extends Sugar Tax to Sweetened Milkshakes and Lattes in 2028 Health Push
UK Government Backs £49 Billion Plan for Heathrow Third Runway and Expansion
UK Gambling Firms Report £1bn Surge in Annual Profits as Pressure Mounts for Higher Betting Taxes
UK Shares Advance Ahead of Budget as Financials and Consumer Staples Lead Gains
Domino’s UK CEO Andrew Rennie Steps Down Amid Strategic Reset
UK Economy Stalls as Reeves Faces First Budget Test
UK Economy’s Weak Start Adds Pressure on Prime Minister Starmer
UK Government Acknowledges Billionaire Exodus Amid Tax Rise Concerns
UK Budget 2025: Markets Brace as Chancellor Faces Fiscal Tightrope
UK Unveils Strategic Plan to Secure Critical Mineral Supply Chains
UK Taskforce Calls for Radical Reset of Nuclear Regulation to Cut Costs and Accelerate Build
UK Government Launches Consultation on Major Overhaul of Settlement Rules
Google Struggles to Meet AI Demand as Infrastructure, Energy and Supply-Chain Gaps Deepen
Car Parts Leader Warns Europe Faces Heavy Job Losses in ‘Darwinian’ Auto Shake-Out
Arsenal Move Six Points Clear After Eze’s Historic Hat-Trick in Derby Rout
Wealthy New Yorkers Weigh Second Homes as the ‘Mamdani Effect’ Ripples Through Luxury Markets
Families Accuse OpenAI of Enabling ‘AI-Driven Delusions’ After Multiple Suicides
UK Unveils Critical-Minerals Strategy to Break China Supply-Chain Grip
Taylor Swift’s “The Fate of Ophelia” Extends U.K. No. 1 Run to Five Weeks
UK VPN Sign-Ups Surge by Over 1,400 % as Age-Verification Law Takes Effect
Former MEP Nathan Gill Jailed for Over Ten Years After Taking Pro-Russia Bribes
Majority of UK Entrepreneurs Regard Government as ‘Anti-Business’, Survey Shows
UK’s Starmer and US President Trump Align as Geneva Talks Probe Ukraine Peace Plan
UK Prime Minister Signals Former Prince Andrew Should Testify to US Epstein Inquiry
Royal Navy Deploys HMS Severn to Shadow Russian Corvette and Tanker Off UK Coast
China’s Wedding Boom: Nightclubs, Mountains and a Demographic Reset
Fugees Founding Member Pras Michel Sentenced to 14 Years in High-Profile US Foreign Influence Case
WhatsApp’s Unexpected Rise Reshapes American Messaging Habits
United States: Judge Dressed Up as Elvis During Hearings – and Was Forced to Resign
Johnson Blasts ‘Incoherent’ Covid Inquiry Findings Amid Report’s Harsh Critique of His Government
Lord Rothermere Secures £500 Million Deal to Acquire Telegraph Titles
Maduro Tightens Security Measures as U.S. Strike Threat Intensifies
U.S. Envoys Deliver Ultimatum to Ukraine: Sign Peace Deal by Thursday or Risk Losing American Support
Zelenskyy Signals Progress Toward Ending the War: ‘One of the Hardest Moments in History’ (end of his business model?)
U.S. Issues Alert Declaring Venezuelan Airspace a Hazard Due to Escalating Security Conditions
×