It's one of the rarest and most expensive cars in the world and the favourite marque of British superspy 007 James Bond.
The top-of-the-range racer has a massive 750 horsepower and a top speed of more than 320km/h.
It is thought to be owned by a mainlander, and has a list price in the UK of £1.4 million (HK$16.7 million).
Only 77 of the One-77 model have been built and they have all been sold, making the car one of the most sought-after on the planet.
A spokesman at Aston Martin's headquarters in Britain confirmed that an Aston Martin One-77 crashed in Hong Kong.
"This type of supercar is made for the track, not for normal road use," he said. "Many drivers who buy them can't handle the car, as it has too much horsepower for them.
"They don't have the skills or experience to control them. It's more than likely this was the reason behind this crash."
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