This is the latest promotional gimmick being used to boost sales of 100 parking spaces in a Chai Wan residential complex.
The tiny rectangular spaces in the Lok Hin Terrace housing estate are for sale at between $550,000 and $590,000 each.
The first 100 buyers will get their choice of either a Daewoo or a Ford car, each worth about $99,000, as a gift, a spokesman for the sales agent, Home and Home Properties, said.
The developer of the estate, Super Gain Holdings, will sign a purchasing contract with Daewoo Motors Hong Kong and Ford agent Wallace Harper for more than 100 vehicles today, the spokesman said.
Chung Sen Surveyors director Cheng Wing-ming said an average parking space in Chai Wan was selling for about $450,000 in the secondary market.
Buyers could end up paying the costs of the 'free' cars themselves, she said.