Deep Water Bay Drive 8 Sells Two Units for HK$5.1B to Single Buyer
AM730 · 2 SOURCES1 day ago2 MIN
Summary
The Southern District of Hong Kong Island luxury residential project Deep Water Bay Drive 8, jointly developed by Nan Fung Group and Maximizer Wealth, recorded a significant transaction on October 6, 2026. Two adjacent units were sold to a single buyer for a combined price of approximately HK$5.1 billion. The units span 3,641 sq ft and 4,214 sq ft respectively, with price per sq ft reaching HK$65,000 .
Key Points
- The transaction involved Tower 1 12/F Unit B (3,641 sq ft) at HK$236 million and Tower 2 12/F Unit C (4,214 sq ft) at HK$274 million
- Both units were acquired by the same buyer in a single transaction, totaling approximately HK$5.1 billion at HK$65,000 per sq ft
- Nan Fung Group Deputy General Manager for Property Operations Hui Him-yeung stated that the deal demonstrates sustained market appetite for premium low-density luxury homes
- The project has accumulated 22 units sold, generating over HK$6 billion in total revenue
- An exclusive Porsche car exhibition and test drive event is scheduled for October 24-25 at the completed show flat
Why It Matters
This substantial transaction underscores Hong Kong's super-luxury residential segment continuing to attract high-net-worth buyers despite broader market uncertainties. The strong sales performance of Deep Water Bay Drive 8, with over HK$6 billion in cumulative revenue from just 22 units, signals robust demand for rare low-density properties in Hong Kong's most prestigious addresses .
This substantial transaction underscores Hong Kong's super-luxury residential segment continuing to attract high-net-worth buyers despite broader market uncertainties. The strong sales performance of Deep Water Bay Drive 8, with over HK$6 billion in cumulative revenue from just 22 units, signals robust demand for rare low-density properties in Hong Kong's most prestigious addresses .