London Daily

Focus on the big picture.
Thursday, Jun 25, 2026

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 Financial Services Reform Debate Intensifies Over Ministerial Regulatory Powers
UK Energy Price Cap Rise Expected to Keep Inflation Above Target Through 2026
UK Biohacking and AI Wellness Trends Drive Surge in Personal Health Monitoring
UK Social Care Sector Sees Workforce Shift as Overseas Recruitment Masks Domestic Labour Decline
Nuffield Trust Warns UK Health Budgets Remain Vulnerable Despite Record Spending Levels
UK Coal Pension Surplus Debate Returns to Parliament as Reform UK MP Seeks Clarity on Distribution
UK MPs Consider E-Petition Calling for NHS Newborn Screening for Spinal Muscular Atrophy
UK Parliament Debates E-Petition Calling for Inquiry Into Pro-Israel Influence in Politics
UK Economy Grew 0.6 Percent in Q1 2026 but Business Sentiment Weakens Over Geopolitical Risks
UK Financial Services Bill Enters Lords Committee Stage With Expanded Ministerial Powers
UK Armed Forces Bill Advances With Plans for Defence Housing Service and Drone Defence Measures
UK Treasury Proposes Higher Electricity Generator Levy and Updated Mileage Allowance Rules
UK Parliament Debates Health Bill Amid Persistent GP Access and Patient Satisfaction Concerns
UK Financial Sanctions Regulator Signals Faster, Intelligence-Led Enforcement Strategy
British Chambers of Commerce Warns Business Confidence Crisis Is Dampening UK Investment
UK Parliament Debates Carbon Budget Order as Pressure Mounts on Net Zero Delivery
UK Energy Price Volatility Reinforces Pressure for Faster Electrification of Economy
UK Defence and Aerospace Strategy Gains Momentum as Keir Starmer Pushes Industrial Cooperation in Berlin
Department for Environment, Food and Rural Affairs Unveils £53 Million Investment in Farming Innovation
Foreign Secretary Announces Medical Evacuations and University Support for Palestinians in Gaza
Government-Commissioned Report Highlights Economic Exposure to Climate-Driven Fossil Fuel Price Shocks
Climate Change Committee Warns UK Is Off Track on Emissions Cuts and Calls for Faster Decarbonisation
Prime Minister Keir Starmer Calls for Deeper UK-EU Defence and Industrial Cooperation in Berlin Address
Met Office Issues Red Extreme Heat Warning as Temperatures Set to Surpass 37°C in England and Wales
Bank of England Holds Interest Rates at 3.75% as Inflation Outlook Remains Uncertain
UK Announces New Military Infrastructure at Catterick to Support Engineer Regiment Relocation
University of Reading Ranked Among Top 100 Globally for Sustainability Impact
UK Launches Counter-Fraud Taskforce to Investigate Covid Loan Scams
UK Government Introduces Customs and Tax Reforms to Support High Street Retailers
Jonathan Haskel Nominated as Chair of the UK Office for Budget Responsibility
UK Government Expands Powers to Recover Benefit Debt and Tackle Welfare Fraud
Labour Party Leadership Contest Intensifies as Andy Burnham and Ed Miliband Clash Over Economic Direction
Rail Operators Urge Essential Travel Only as Extreme Heat Threatens UK Network Stability
United Kingdom Issues Red Extreme Heat Warning as Temperatures Forecast to Reach 38°C
Keir Starmer Announces Resignation as UK Prime Minister Amid Deepening Political Instability
UK Biotechnology Sector Receives Increased Public Funding to Support Regional Growth
Police Chiefs Update National Protest Management Guidelines Amid Rising Demonstration Activity
UK Aviation Regulator Expands Support for Regional Airports to Strengthen Domestic Routes
CMA Launches Investigation Into Retail Pricing Across UK Grocery Sector
UK Energy Operator Warns of Winter Supply Pressures Despite Stable Overall Grid Outlook
UK Research Council Expands Funding for Regional Biotechnology and Life Sciences Clusters
UK Compensation Scheme for Post Office Horizon Scandal Reaches 80 Percent Completion
Police Chiefs Issue Updated National Guidance on Managing Large Public Demonstrations
UK Expands Regional Airport Funding Scheme to Boost Domestic Connectivity
UK Competition Watchdog Launches Inquiry Into Grocery Pricing Practices
National Grid Warns of Tight Energy Management Needs During Upcoming Winter Peak Demand
UK Education Department Introduces National Standards for AI Use in Secondary Schools
UK High Court Clears North Sea Carbon Capture Project After Final Legal Challenge Fails
Northern Ireland Leaders Hold Emergency Talks on Trade Disruption Under Windsor Framework
Welsh Government Moves to Expand Social Housing in Response to Severe Affordability Pressures
×