Transactions in the segment more than doubled in the first quarter of the year, compared with the same period in 2025, according to consultancy CBRE.
Cheung sold his flat at Grenville House in Mid-Levels for HK$132 million (US$16.86 million) to buyers identified as Lee Yuen Ann Geoffery and Xu Ranying, Land Registry records showed. The deal was completed on May 15.
The actor, who won top acting awards for the films Beast Stalker in 2008 and Unbeatable in 2013, bought the property in 2017 for HK$131 million. The 3,366 sq ft, four-bedroom flat fetched HK$39,216 per square foot in the new deal, according to property agents.
Agents described the market as “super active” in recent weeks. Habitat Property recorded sales of 18 properties worth at least HK$60 million each over six weeks in April and May, according to founder and CEO Victoria Allan. “That’s a record for our agency,” Allan said.
On the sellers’ side, the upturn had allowed owners to reallocate their assets and make “profitable exits”, said Derek Chan Hoi-chiu, head of research at Ricacorp Properties.
