Top News

The average price of a city-center apartment stood at US$25,946 per square meter in Hong Kong, down from $31,943 in 2020, according to the Deutsche Bank Research Institute’s Mapping the World’s Prices – 2025 report, which assessed prices of various items in 69 cities worldwide.

Zurich and Singapore followed with average prices of $23,938 and $22,955 per square meter, respectively.

The report, released last week, noted that despite their high property values, major financial hubs tend to score lower in quality of life partly due to housing costs. Hong Kong, for instance, ranked 48th in that aspect.

While Hong Kong led in home purchase prices, New York claimed the top spot for rentals, with a three-bedroom apartment averaging $8,388 per month.

Hong Kong came in seventh on the rental ranking at $4,807 per month, lower than those of Singapore, Boston, London, San Francisco, and Zurich, according to the South China Morning Post.

Earlier this year, The Wealth Report 2025 by property consultancy Knight Frank similarly ranked Hong Kong among the top cities for super-prime property deals, recording 166 sales valued at $10 million or above last year.

Hong Kong attracts global wealth thanks to its established financial infrastructure, strategic position and ultra-luxury real estate. Limited supply of prime properties and steady global appetite for trophy assets have helped keep the super-prime segment a core part of the city’s investment landscape, the report said, as cited by Hong Kong Business.

With a $1 million budget, buyers can acquire 22 square meters of luxury housing in Hong Kong, whereas the same amount provides 32 square meters in Singapore, it noted.