China's luxury real estate market is experiencing a significant shift as affluent mainland investors increasingly prioritize domestic properties over international acquisitions. Shanghai emerges as the leading destination for ultra-high-net-worth individuals, with its premium residential sector demonstrating robust growth. Meanwhile, Hong Kong's luxury market faces headwinds, recording a notable decline in transactions exceeding HK$100 million. This trend reflects changing investment preferences among wealthy Chinese buyers who now view domestic real estate as a more attractive and stable option for wealth preservation and portfolio diversification.

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