Tfung, I have wondered this for some time. Why are these cars so expensive there? I live in the Czech Republic (I'm from the US, but have been here for 6 years for my company), and the CR has a 23% import duty on cars. I paid almost $95K, when all was done and my keys were handed to me. I got almost every option, but was very jealous knowing if I was still in the US it would have been quite a bit less. Granted, I ordered in late Nov., and got the car the first week of Feb., but it still was painful to know that in my home country the car would have been much (or a bit at least) cheaper). I paid 3% under sticker here, the best I could negotiate, and it was the first (perhaps still only) E39 M5 purchased in the CR. I looked into buying from Germany and driving it in, but the 23% import duty made that option no better.
How can/why do they charge so much in HK for the car? I can't imagine it is a dealer mark-up, and BMW coundn't be getting away with such different pricing structures just to take advantage of market conditions.
BTW, the insurance here is extremely expensive (unless you want insurance from a local Czech company that you know will not pay if, heaven forbid, you have claim). What are insurance rates like there?