Golf carts aren’t the fastest, most comfortable, or most spacious vehicles money can buy, but in Discovery Bay, an upscale residential development in Hong Kong, they are more coveted than Porsches, Teslas or other luxury cars.
In the US, the average price of a golf cart is around $10,000, but in Discovery Bay, the slow-moving buggy can sell for a whopping $250,000 (HK$2 million). That’s more than some people are willing to pay for a home, let alone a vehicle that barely qualifies as a car. But there’s a reason to this madness. You see, private passenger cars aren’t allowed in this upscale neighborhood of Hong Kong, and residents require a special license for golf carts as well, the number of which has been capped to 500 by the Transportation Department. The demand for motorized transportation in Discovery Bay offset by a supply crunch has catapulted the modest golf cart to luxury vehicle status.