If you are one of the first five buyers to purchase a four-bedroom apartment in this new Hong Kong development, you will be given a little something extra – a free Tesla.

K&K Property announced that it will offer Tesla Model S vouchers worth HK$620,900 (US$79,590) for each of these first five buyers. The apartments, in the Victoria Skye, an upmarket development project in Kai Tak, the site of Hong Kong’s former airport, start at HK$38 million (US$4.87 million.) Or you could opt for HK$500,000 (US$64,092) cash rebate on the property instead.

“The promotion is to encourage our future residents to use environmental-friendly electric cars,” said the development’s investment manager Tong Cheung in the news release. “All the 143 parking spaces at Victoria Skye have charger systems for electric cars.”

According to K&K Property’s website, the Victoria Skye development includes 44 one-bedroom to four-bedroom apartments to be sold via a bidding process expected to set buyers back at least HK$38 million (US$4.87 million) a piece.

So far, 715 units have been sold at Victoria Skye, or 99% of the development, bringing in total sales revenue of HK$7.5 billion (US$961 million).

Hong Kong, possibly the world’s most expensive property market, remained the least affordable city for the seventh consecutive year in 2016, with the ratio of median home price to the median annual household income reaching 18.1 times, according to a survey.

Earlier last week, an anonymous buyer bought two adjacent apartments in a luxurious tower in the Hong Kong gated community of Mount Nicholson for a total of HK$1.16 billion (US$148.5 million), setting a new per square feet price record for Asia.

Although the demand remains strong in the high-end market, developers still are trying their best to allure rich buyers.

“Having a Tesla car is cool in Hong Kong and this will draw buyer attention,” said Sammy Po, chief executive of Midland Realty’s residential market, in an interview with the South China Morning Post.

Across the U.S., high-end residential buildings, like the 3900 Alton new development in Miami Beach, are including electric vehicle charging stations as amenities.

To view more information including the sales brochure, price list, aerial photograph and more visits the project's website 

If you wish to arrange a site inspection or enquire about the available apartments, phone or email K and K Property Holdings via the contact details below.

This is a promoted article.

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