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Hugill & Ip is proud to announce its pivotal role in a landmark real estate transaction, representing an offshore company part of a prominent Mainland Chinese conglomerate in the acquisition of two ultra-luxury houses at 6 Deep Water Bay Road for a combined HK$2.2 billion (over US$282 million). This significant deal marks one of the highest records achieved in recent years for luxury residential properties in Hong Kong.
Polly Chu, Head of Real Estate at Hugill & Ip, led the team advising the buyer, navigating the complex legal and regulatory landscape inherent in such a substantial cross-border investment. The seller, Swire Properties, is represented by JSM.
The transaction, scheduled for completion in the first quarter of 2026, implies an impressive price of approximately HK$147,010 per square foot. The exclusive development comprises two exquisite three-storey homes situated on a single lot, with saleable areas of approximately 9,600 sq ft and 5,300 sq ft respectively.
Each residence is a masterpiece of design and craftsmanship, offering four to five en-suite bedrooms, private swimming pools, meticulously landscaped gardens, and expansive outdoor terraces. The properties are further distinguished by their wrap-around glass facades, providing unparalleled panoramic views of Hong Kong’s stunning southern coastline. Perched on the lush hillside above Deep Water Bay, the location is only a stone’s throw away from some of the city’s most exclusive private clubs, top international schools, and major business hubs, commanding uninterrupted views of Hong Kong’s South Coast.
“We are immensely proud to advise our client, an offshore entity of a prominent mainland Chinese conglomerate, on this significant acquisition,” said Polly Chu.
“This transaction not only underscores the enduring appeal and resilience of Hong Kong’s ultra-luxury residential market but also highlights Hugill & Ip’s deep expertise in handling complex, high-value cross-border real estate investments. Our team successfully navigated the intricate legal requirements to ensure a seamless process for our client, reinforcing our position as a trusted advisor in the region’s most sophisticated property deals.”
The swift sale of these exceptional properties demonstrates the market’s appreciation for premium products and reflects the robust demand for world-class residential properties in Hong Kong’s most sought-after locations. Hugill & Ip’s real estate practice is working on a series of high-end sales which further exemplify the city’s continued vibrancy in the luxury residential sector.