Karen Mok's Latest Real Estate Investment

Land Registry records reveal that Karen Joy Morris, better known as pop star Karen Mok, purchased a luxurious 2,153 square feet three-bedroom apartment on Old Peak Road in the Mid-Levels District on June 12. This prestigious estate, Dynasty Court, is renowned for its five blocks and 409 units, offering exclusivity and luxury.

Karen Mok, at 55, is a celebrated figure in the entertainment industry, with 18 studio albums and over 40 films to her name. She's the first Hong Kong singer to win China’s Golden Melody Award three times and the first female solo artist to perform at Beijing’s National Stadium, the Bird’s Nest.

High-End Real Estate Trends in Hong Kong

Recent months have seen wealthy investors, including Mok, capitalizing on the 45% price drop from peak rates in Hong Kong's high-end property market. Notable purchases include Shirley Peng, sister of former Hong Kong Chief Executive Tung Chee-hwa, who bought a HKD119 million apartment last month.

Despite a sluggish broader property market, Knight Frank’s Wealth Report 2025 suggests a recovery in Hong Kong’s high-end residential sector. Hong Kong remains a global leader in super-prime property deals, with 166 ultra-luxury transactions recorded last year.

Market Predictions and Developer Strategies

JLL Hong Kong anticipates a 5% drop in luxury residential property prices this year due to oversupply. Developers like New World Development Co are adjusting prices to attract buyers, with over 4,500 potential buyers registering for new releases.

With residential property prices near their lowest in eight years and over 22,000 new home units available, the market is at a critical juncture, according to Centaline.