Short answer — price varies by model and region; availability is currently limited outside China/EU.

Details:

• Announcement date: Honor announced the Watch 5 Ultra at MWC on March 2, 2025. (prnewswire.com)
• China pricing / models: CNY 1,999 for the Speedster (black, fluororubber), CNY 2,299 for the Commander (brown, leather), and CNY 2,899 for the Titanium strap version. It’s available for purchase in China. (Gadgets360.com)
• EU / international price indication: Honor / reviewers list an EU price of about €279 (roughly $300) for the base model — several outlets use this as the expected international price. (TechRadar.com)
• US availability: Honor has not confirmed a full US launch; reviews and Honor’s global materials indicate the watch is available in China and shown as “coming soon” or with limited international availability — it is not broadly listed for sale on major US retailers at the time of the announcements. If you’re in the United States you should expect limited availability and may need to import or wait for an official US release. (TechAdvisor.com)

If you want, I can:

• Check Honor’s US online store and major US retailers right now for any listing (I can do a live check and give links).
• Watch for a US release and set up a notification once it appears for sale.