This surge in demand has led to a significant increase in prices, with the average price of a super-prime property now exceeding $10 million. The report highlights the key factors driving this growth, including:

* **Increased wealth:** The global wealth of high-net-worth individuals (HNWIs) has surged, fueled by strong economic growth and favorable investment returns. This wealth has been channeled into real estate, particularly super-prime properties, as a safe haven asset.

This expansion has been driven by a confluence of factors, including: 1. The rise of remote work, 2. The desire for larger living spaces, 3. The increasing demand for luxury goods and services, and 4. The desire for privacy and security. The super-prime market is characterized by properties with a price tag exceeding $10 million.

This disparity in growth rates can be attributed to several factors. First, mature markets have already reached a certain level of development, with established infrastructure, a well-established financial system, and a high level of consumer confidence. This allows them to absorb new technologies and innovations more readily, leading to faster growth. In contrast, emerging markets are still in the process of developing, with limited infrastructure, a less developed financial system, and lower consumer confidence. This makes it more challenging for them to adopt new technologies and innovations, resulting in slower growth.

* Hong Kong’s real estate market is experiencing a resurgence. * The market is driven by strong demand from mainland China. * Hong Kong’s real estate market is seeing a significant increase in individual unit prices. * The market is showing signs of a turnaround. **Detailed Analysis:**

Hong Kong’s real estate market has been struggling for years, facing challenges from factors like economic uncertainty, political instability, and a lack of affordable housing. However, recent data suggests a positive shift in the market.