Hong Kong developer offers Mercedes cars to luxury homebuyers

K&K Property is providing Mercedes-Benz vehicles to buyers of high-value units amid a rebound in Hong Kong's luxury housing market. The offer covers two cars on a first-come, first-served basis.

K&K Property announced incentives for purchasers of properties priced at HK$50 million and above. Buyers of units worth at least HK$100 million receive a Mercedes-Benz S-Class W223 valued at about HK$1.64 million. Those buying units between HK$50 million and HK$99.9 million get a Mercedes-Benz GLC X254 worth about HK$643,000.

A company spokeswoman stated that the promotion aims to attract potential buyers to accelerate their entry into the market. Only two cars are available in total, capping the giveaways at HK$3.2 million.

The initiative comes as Hong Kong's high-end housing sector shows signs of recovery.

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