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Henderson Land

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DEVELOPMENT

Henderson Land tycoon Lee Shau-kee gives land in Tuen Mun for nursing home

Third time lucky for Henderson chairman as he hands Tuen Mun site to Pok Oi Hospital for use as care facility for elderly with up to 2,000 beds

PUBLISHED : Monday, 18 November, 2013, 3:38pm
UPDATED : Tuesday, 19 November, 2013, 8:51am
 

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Property tycoon Lee Shau-kee has succeeded in his third attempt to donate land for public use - by providing a site on which to build the city's largest nursing home.

The 100,000 sq ft plot in Tuen Mun has been given to Pok Oi Hospital to develop a facility for up to 2,000 old people needing long-term care.

The hospital, which is managed under the Hospital Authority umbrella but also operates as a charity, has 30 years' experience in running nursing homes.

Lee, the 84-year-old chairman of Henderson Land Development, tried earlier this year to give the government land to build cheap homes for young people, but was turned down. He is still in talks with the non-government Housing Society on a donation of land to build 1,000 small homes to sell at HK$1 million each.

Donation of the Tuen Mun site, a public car park close to Siu Hong West railway station, was formally completed on Friday.

"Pok Oi has a good track record in providing elderly nursing services and the site is only 15 minutes away from the hospital," Henderson vice-chairman Colin Lam Ko-yin told the South China Morning Post yesterday.

He said the company had planned to use the land to build flats, but the application process was too "lengthy". The nursing home would address the city's ageing population problem.

The company confirmed that it had applied in 2008 to rezone the site, currently earmarked for low-rise residences and community use, for comprehensive development, which would allow more commercial uses. But the application was rejected by the Town Planning Board in 2009.

As the land was owned by Henderson, Lee had donated HK$107 million - the value, according to independent assessment, of the land if it were developed for low-rise housing - to the company to make it a personal donation. The non-profit project will be supervised by a committee comprising representatives from the hospital, Henderson and other experts.

The donation was welcomed by Labour and Welfare Secretary Matthew Cheung Kin-chung, who said the city faced acute demand for care homes.

But the chairman of the Elderly Services Association of Hong Kong, Kenneth Chan Chi-yuk, said the massive project might create excessive supply in the remote district.

"It is very generous of Mr Lee," Chan said. "But the demand for nursing homes in Tuen Mun is far smaller than in Kwun Tong, Wong Tai Sin and Sha Tin," he said. "Old people waiting for a subsidised nursing place tend to choose those located in urban areas as they want their family to visit them more often."

Social Welfare Department figures show that 29,642 old people have applied for subsidised residential care services, resulting in an average waiting time of more than three years. Some have to wait as long as six years and die before getting a place.

No figures were available for the waiting list in Tuen Mun, but the latest population projections show it will be one of five satellite towns facing a rapid growth in the elderly - by up to 41 per cent - in the next five years.

Pok Oi Hospital said Lee approached it with the plan in July. It hopes the project will obtain cash from the Lotteries Fund, set up by the government in the 1960s to finance welfare projects.

"The site would allow building of three separate homes," the hospital said. "But the final number of beds and the proportion of subsidised beds and private beds will be decided after discussion with the department," it said.

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8

This article is now closed to comments

rpasea
Come on now Mr. Lee. If you really wanted to help, you would pay for the building too.
HK-Lover
Will the elderly home to be built on that plot be low rise or would the government re-zone in order to allow high rise for the elderly home ?
The consequence would be that Mr. Lee can build high rise on the neighboring plots, which is not allowed today.
While it is applaudable that a tycoon donates larger amounts (how much did he actually pay for it the many years ago ? ) I can't help it but to always expect alternative motives in whatever they do.
anthonygmail
I just hope that all these attempts at land donation are purely for charitable purposes and not to advance his other business objectives.
All these tycoons are $$$ chasers.
aplucky1
I am sorry, I find this pitiful
a man of his wealth and this is FRONT PAGE NEWS FOR TWO DAYS !
where are the Li Ka S H I T schools-hospitals-colleges-highways
run run shaw gave away much more than this greedy man but was never in the papers
honkiepanky
Well kudos to Mr. Lee for his donation.

But what does it say about land policy in Hong Kong that a single individual has enough spare land lying around to provide at least 1000 flats, while housing prices are broadly the most unaffordable on the planet? Not to mention the 1000s of other flats and hectares of land being hoarded by Henderson Land.
jd.salinger.3154
A sense of appreciation is recommended, it is a good thing that Hong Kong is being looked after by some successful and highly intelligent individuals. The Four Seasons and the IFC complex was an important step for Hong Kong's development. However, it is probably not something the Occupy crowd can understand.
Byebye
Thank you for your generosity, Mr Lee Shau-kee. I hope there will be more contributions from others.
johnyuan
My accolade to Lee for his generosity towards his fellow Hong Kongers – no less the elderly.
Hong Kong’s social problems are all indisputably related with property (development). Previous rulers before and after the hangover all were the participants. The graduate erosion of Hong Kong accumulatively is taking an alarming awareness to the public that all things aren’t that well. All problems can be traced to property. Lee whose property company is the largest in Hong Kong is in the best position hard as it may to know that he needs to reconnect with Hong Kong as a whole at all levels. Without delinking the obsession in property Hong Kong will have only one way to go. Down.
.
May his donation of land is just the very beginning in telling to himself that he is staying put in Hong Kong and will do what he can for all of his fellow Hong Kongers.
.
May he prove that I was wrong but refugee culture will discontinue. Making moves abroad aren’t the only alternative when things aren’t going one’s way.
 
 
 
 
 

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