Number of ultra-prime sales ($25 million or above): 35
Average ultra-prime sale: $81.8 million
Mount Nicholson Road is in the Peak, Hong Kong's most exclusive neighborhood that overlooks the city and is home to bankers, expatriates, business magnates, celebrities, and millionaires and billionaires.
David Ji, the head of research and consultancy, Great China, at Knight Frank, said in the report that luxury real-estate prices on Mount Nicholson are much more stable than mass market prices, which can fluctuate with economic conditions.
"It seems clear that there is healthy appetite from super luxury buyers if their desired price level is reached," Ji said.