Rolling in it: luxury-loving Hong Kong boasts the highest number of Rolls-Royces in the world with one car alone costing US$12 million
- Rolls-Royces are common in Hong Kong and a new bespoke creation in collaboration with a Dutch fashion designer is out now
- From hotels with fleets of the world’s most instantly recognisable car to moguls with cash to splash, the city loves to travel in style
While the pandemic took much of the shine off the Hong Kong luxury market, the city still has deep pockets when it comes to spending on designer goods, expensive real-estate, luxury watches and jewellery.
Those pockets are expected to deepen with revenue in the luxury goods market – currently standing at US$14.44 billion for 2023 – expected to grow 2 per cent annually over the next few years.
The city’s ferocious appetite for luxury also extends to cars, with the city reportedly having the highest per-capita number of Rolls-Royces in the world.
Hong Kong tycoon Stephen Hung, star of the Netflix series Bling Empire: New York, once made headlines when he ordered 30 customised Rolls-Royce Phantoms for US$20 million, the largest single order in the British luxury car-maker’s history.
The five-star Peninsula Hotel in Kowloon also boasts an impressive fleet of bespoke Rolls-Royces, the sedans finished in its signature Peninsula Brewster Green.