Hong Kong’s trophy homes, once among the world’s most expensive, are now selling at fire sale prices as the city grapples with a prolonged economic downturn. The value of these luxury properties has plummeted by as much as 30% since the start of the pandemic, enticing deep-pocketed buyers who have the means and confidence to invest during the turmoil. As a result, sales of trophy homes have surged, with buyers seeking to capitalize on the decreased prices.