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Hong Kong’s stagnant economic conditions might be daunting and can pose ongoing challenges for many who call this city home, but some of its ultra-high-net-worth citizens don’t seem to be feeling the burn in quite the same way.
One such ultra-wealthy individual (whose identity remains unknown) has recently snapped up what is reported to be Hong Kong’s most expensive residential property sale of 2025. Located on the Peak, a mansion at 1 Gough Hill Road in the prestigious mountain neighbourhood sold for the eye-watering sum of $1.088 billion, making it this year’s most expensive home sale.
So, what does $1.008 billion get you on the Peak? More than 1,060 sq m of space, for one, as well as five bedrooms, five bathrooms, a massive garden, a rooftop terrace, a parking garage, a private lift, alongside a pool and hot tub. Interestingly, the refurbished mansion comes with a bit of history too: it used to be in the hands of the Bank of China, who used it as a guest house in the 1990s before eventually selling it off in 2005.
Hongkongers are no strangers to seeing exorbitant price tags attached to properties in the city. In 2025 alone – much like in previous years – Hong Kong was ranked the most expensive city to live in within East Asia, and we also came in third on a list of the most expensive cities in the world for luxurious living. Clearly, living the high life comes at a steep cost.
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