HK is 5th top market for super and ultra-prime properties

It is one of the two markets in Asia that made the top 10.

Hong Kong ranked 5th amongst the top markets for super-prime and ultra-prime properties globally, Knight Frank reported.

The Pearl of the Orient, alongside Singapore, was the only two markets in Asia that made the top 10.

According to the report, Hong Kong had 28 ultra-prime transactions and 125 super-prime transactions for the year.

In Hong Kong, US$1M can buy 31 square metres of prime property, making it amongst the priciest markets.