Google Nexus One for Sale in Hong Kong

Stores in Hong Kong are starting to sell the Google Nexus One.

This store in Wanchai Computer City is asking for HKD5880.00 (cash price), which give it a mark up of HKD1554.47 when compared to buying the phone directly from Google

Nexus One = USD529.00
Shipping to Hong Kong = USD28.32
Total purchase price = USD557.32 (approximately HKD4325.53).

Given the high mark up, I don’t see why anyone would purchase the Nexus One from these stores in Hong Kong, unless they do not have a credit card (Google uses Google Checkout which accepts credit cards only). Plus all Nexus One purchased from Google has the option of adding up to two lines of engraving to the back of the phone.