London Daily

Focus on the big picture.
Saturday, Jan 31, 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
China Lifts Sanctions on British MPs and Peers After Starmer Xi Talks in Beijing
Trump Nominates Kevin Warsh as Fed Chair to Reorient U.S. Monetary Policy Toward Pro-Growth Interest Rates
AstraZeneca Announces £11bn China Investment After Scaling Back UK Expansion Plans
Starmer and Xi Forge Warming UK-China Ties in Beijing Amid Strategic Reset
Tech Market Shifts and AI Investment Surge Drive Global Innovation and Layoffs
Markets Jolt as AI Spending, US Policy Shifts, and Global Security Moves Drive New Volatility
U.S. Signals Potential Decertification of Canadian Aircraft as Bilateral Tensions Escalate
Former South Korean First Lady Kim Keon Hee Sentenced to 20 Months for Bribery
Tesla Ends Model S and X Production and Sends $2 Billion to xAI as 2025 Revenue Declines
China Executes 11 Members of the Ming Clan in Cross-Border Scam Case Linked to Myanmar’s Lawkai
Trump Administration Officials Held Talks With Group Advocating Alberta’s Independence
Starmer Signals UK Push for a More ‘Sophisticated’ Relationship With China in Talks With Xi
Shopping Chatbots Move From Advice to Checkout as Walmart Pushes Faster Than Amazon
Starmer Seeks Economic Gains From China Visit While Navigating US Diplomatic Sensitivities
Starmer Says China Visit Will Deliver Economic Benefits as He Prepares to Meet Xi Jinping
UK Prime Minister Starmer Arrives in China to Bolster Trade and Warn Firms of Strategic Opportunities
The AI Hiring Doom Loop — Algorithmic Recruiting Filters Out Top Talent and Rewards Average or Fake Candidates
Amazon to Cut 16,000 Corporate Jobs After Earlier 14,000 Reduction, Citing Streamlining and AI Investment
Federal Reserve Holds Interest Rate at 3.75% as Powell Faces DOJ Criminal Investigation During 2026 Decision
Putin’s Four-Year Ukraine Invasion Cost: Russia’s Mass Casualty Attrition and the Donbas Security-Guarantee Tradeoff
Wall Street Bets on Strong US Growth and Currency Moves as Dollar Slips After Trump Comments
UK Prime Minister Traveled to China Using Temporary Phones and Laptops to Limit Espionage Risks
Google’s $68 Million Voice Assistant Settlement Exposes Incentives That Reward Over-Collection
Kim Kardashian Admits Faking Paparazzi Visit to Britney Spears for Fame in Early 2000s
UPS to Cut 30,000 More Jobs by 2026 Amid Shift to High-Margin Deliveries
France Plans to Replace Teams and Zoom Across Government With Homegrown Visio by 2027
Trump Removes Minneapolis Deportation Operation Commander After Fatal Shooting of Protester
Iran’s Elite Wealth Abroad and Sanctions Leakage: How Offshore Luxury Sustains Regime Resilience
U.S. Central Command Announces Regional Air Exercise as Iran Unveils Drone Carrier Footage
Four Arrested in Andhra Pradesh Over Alleged HIV-Contaminated Injection Attack on Doctor
Hot Drinks, Hidden Particles: How Disposable Cups Quietly Increase Microplastic Exposure
UK Banks Pledge £11 Billion Lending Package to Help Firms Expand Overseas
Suella Braverman Defects to Reform UK, Accusing Conservatives of Betrayal on Core Policies
Melania Trump Documentary Sees Limited Box Office Traction in UK Cinemas
Meta and EssilorLuxottica Ray-Ban Smart Glasses and the Non-Consensual Public Recording Economy
WhatsApp Develops New Meta AI Features to Enhance User Control
Germany Considers Gold Reserves Amidst Rising Tensions with the U.S.
Michael Schumacher Shows Significant Improvement in Health Status
Greenland’s NATO Stress Test: Coercion, Credibility, and the New Arctic Bargaining Game
Diego Garcia and the Chagos Dispute: When Decolonization Collides With Alliance Power
Trump Claims “Total” U.S. Access to Greenland as NATO Weighs Arctic Basing Rights and Deterrence
Air France and KLM Suspend Multiple Middle East Routes as Regional Tensions Disrupt Aviation
U.S. winter storm triggers 13,000-plus flight cancellations and 160,000 power outages
Poland delays euro adoption as Domański cites $1tn economy and zloty advantage
White House: Trump warns Canada of 100% tariff if Carney finalizes China trade deal
PLA opens CMC probe of Zhang Youxia, Liu Zhenli over Xi authority and discipline violations
ICE and DHS immigration raids in Minneapolis: the use-of-force accountability crisis in mass deportation enforcement
UK’s Starmer and Trump Agree on Urgent Need to Bolster Arctic Security
Starmer Breaks Diplomatic Restraint With Firm Rebuke of Trump, Seizing Chance to Advocate for Europe
UK Finance Minister Reeves to Join Starmer on China Visit to Bolster Trade and Economic Ties
×