Hong Kong Midland Realty: Luxury home sales volume in Hong Kong Island district hits a seven-year high in the first half of the year.

Midland Realty stated that in the first half of this year, there were about 83 transactions of first-hand luxury homes in the Hong Kong Island area, exceeding 50 million Hong Kong dollars, an increase of 17% compared to the second half of last year, setting a new seven-year high since the first half of 2018. It is expected that the number of transactions of first-hand luxury homes exceeding 50 million Hong Kong dollars in the Hong Kong Island area will reach 100 in the second half of the year. Midland Realty believes that the new Capital Investment Entrant Scheme and the government's active promotion of family offices setting up in Hong Kong have boosted the demand in the luxury home market in Hong Kong.