2022 property outlook: Super-size mansions, nano flats, and home offices round out the most important trends in Hong Kong’s housing market

Name: SCMP
Telephone: +852-2680-8888

Mansions which cost at least HK$100 million each will become even larger in the new year, as developers aim to catch the eyes of the ultra rich from mainland China

Micro-apartments will shrink even further in Hong Kong as these diminutive abodes are the first rung of the property ladder for many first-home buyers

Reading Time:4 minutes

Why you can trust SCMP

Overall view of the Cadenza luxury development in Kwu Tung by CSI Properties, on 16 November 2021. Photo Dickson Lee

Sandy Li

Published: 8:30am, 24 Dec 2021Updated: 11:33am, 24 Dec 2021

Hong Kong’s transactions of new residential property may rise 15 per cent next year as buyers continue their demand in every segment of the market from 138-square foot micro-apartments to 4,500-sq ft mansions on The Peak, according to one of the city’s largest real estate agencies.

Up to HK$280 billion (US$36 billion) of new homes may find buyers in 2022, marking the second year that annual transactions have risen, amid the bull run in the residential property market, according to Centaline Property Agency.

With only a few days left in 2021, home seekers are eagerly looking ahead to the housing market in the Year of the Tiger.

Here are five noteworthy trends for both buyers and sellers in 2022:

1) Mansions will go supersize to attract ultra-wealthy mainland Chinese buyers

A record 129 large, luxury apartments each costing more than HK$100 million were sold in 2021 for a combined HK$31.6 billion. Developers are building even more large homes to appeal to the ultra wealthy, especially those from mainland China, with the rapid development of the Greater Bay Area.

Kerry Properties has taken the lead with supersize homes in Kowloon. The luxury builder controlled by the Kuok family of the Shangri-La Group, will release three Mount Verra mansions each measuring more than 11,000 square feet (1,021 square metres) at Beacon Hill in Kowloon Tong, according to its latest plan, without disclosing the price of the homes.