Hong Kong tycoon Johnson Ko sold two connected luxury apartments at the Mount Nicholson development in the city’s Peak area for HK$900 million (US$115 million) in May 2026 [1, 2]. The deal is among the largest residential property transactions recorded in Hong Kong so far this year [1, 2].
Mount Nicholson holds the record for Asia’s highest apartment price per square foot, making it a landmark project in Hong Kong’s luxury real estate market [1, 2]. Ko originally purchased the two units in 2017 for HK$652 million. The current sale price reflects a 38% increase over that initial investment [2].
The buyers are two offshore companies identified as Prime Alliance Investment Ltd and Venture Gains Investment Ltd [2]. Johnson Ko is the executive director of Frontier Services Group Ltd and the founder of Reorient Group, which was later acquired by Yunfeng Financial Holdings Ltd [2].
Hong Kong’s home prices have been on a recovery path since the second half of 2025. This rebound has been primarily driven by mainland Chinese buyers, despite recent increases in stamp duty taxes targeting speculative purchases [2].
Ko’s sale of these luxury apartments at Mount Nicholson is a notable example of sustained strength in Hong Kong’s top-tier property market. The transaction caps nearly a decade of ownership and significant price appreciation since 2017 [2].
