• Knight Frank launches The Wealth Report 2017 (11th edition)

    2 March 2017

    (2 March 2017, Hong Kong) Knight Frank, the independent global property consultancy hosted a press conference this afternoon in Hong Kong for the launch of The Wealth Report 2017. Now in its 11th year, the report tracks the growing super-rich population in 125 cities across 89 countries. 


    • Asia tops the absolute increase in UHNWI population among world regions, both in the last 10 years and in the next 10 years.
    • China ranks 2nd in the world in terms of absolute increase in UHNWI population over the next 10 years.
    • Of the 89 cities surveyed, Hong Kong tops UHNWI population in Asia with 4,080 UHNWIs in 2016, increased by 230 year-on-year. The city comes third in the world in 2016, after New York City and London.
    • The UHNWIs in Hong Kong owns 3.3 homes on average.
    • Asian billionaires will double over the next decade.
    • China tops the largest billionaire population in Asia in 2016.
    • China’s cities have catapulted themselves up the rankings of annual growth rate of luxury flat prices with Shanghai, Beijing and Guangzhou claiming the top three slots, all exceeding 26% year-on-year growth.
    • Hong Kong’s luxury homes remain the second most expensive in the world.
    • Hong Kong ranks third overall in the Knight Frank City Wealth Index 2017, which identify which cities that matter to the wealthy.
    • Shanghai expects to see strongest growth in prime residential flat prices in 2017.


    To download the report, please visit:







    M+, The first global museum of contemporary visual culture in Asia, set to open at the end of 2021 in Hong Kong.

    This conference will explore the challenges surveyors have faced over the last year, sharing experiences and knowledge gained through the pandemic.


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