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  • Dec 21, 2014
  • Updated: 12:00am

Lee Shau-Kee

Tycoon Lee Shau-kee confident of reaching deal about land transfer

Lee Shau-kee comments on his plan to donate land for housing to help young people get on the housing ladder. Photo: Felix Wong

Lee has said he wants to help young people, priced out of the market, get on the property ladder. But his critics suspect ulterior motives in the land offer. They say infrastructure for the new flats, paid for by the taxpayer, would boost his other property assets in the area.

Saturday, 10 August, 2013, 5:37am 6 comments

Legacy's on his mind as Lee takes his critics to task

Lee Shau-kee. Photo: Sam Tsang

Trick" or "treat"? That is the question that has been playing on people's minds ever since Lee Shau-kee offered to donate rural land to the government to build HK$1 million homes for young people.

6 Jul 2013 - 3:30am 5 comments

Offer of free land raises questions

Lee Shau-kee. Photo: Sam Tsang

Acts of philanthropy should be welcomed - even more so when they help resolve pressing problems that affect many in society. So when property tycoon Lee Shau-kee announced plans to donate seven plots of farm land to the government to build affordable housing for young buyers, he deserved public applause. However, given the sensitivity of land supply and the hostility towards the rich and influential among some local people, the mixed reaction was understandable.

17 Jun 2013 - 4:23am 4 comments

Letters to the Editor, June 10, 2013

Repulse Bay beach could be better. Photo: Martin Chan

I would like to make some observations about Hong Kong's premier beach, Repulse Bay, although they may equally apply to all gazetted beaches. Repulse Bay is a mecca for tourists, a place for the people of Hong Kong to soothe away the vicissitudes of urban living and an attraction that our Tourism Board puts near the top of its list.

10 Jun 2013 - 3:35am

Tycoon's offer to donate land puts housing officials on the spot

Lee Shau-kee. Photo: Sam Tsang

The government is in a dilemma over property tycoon Lee Shau-kee's offer to donate land to build cheap homes for young people, because it does not want to make exceptions in its housing policies by targeting specific groups of people, sources say.

10 Jun 2013 - 4:07am 1 comment

Henderson chief to give land for flats

Lee Shau-kee

Henderson Land Development chairman Lee Shau-kee has offered two plots of farmland in the New Territories to the government to build affordable housing for young people.

6 Jun 2013 - 3:47am

Stop talking, start giving

Cheung Chi-tung from Tseung Kwan O cuts off his hair outside Legco. Photo: Edward Wong

Enough talk. Just do it. Tycoon Lee Shau-kee of Henderson Land Development has babbled on for months about donating land to build affordable flats for young Hongkongers. Government officials have hesitated for fear the tycoon has self-serving schemes in mind. Such suspicion is warranted. Bill Gates our tycoons are not. Some are known more for their greed than for their giving.

5 Jun 2013 - 3:11am 6 comments

Henderson chief sees home prices steadying

Chairman Lee Shau-kee, at Henderson's annual general meeting yesterday, says developers' profits will be squeezed. Photo: Sam Tsang

"In the past few years, annual flat supply was about 10,000 units. In the next few years, annual supply will jump to 20,000 units," Lee told reporters at the firm's annual general meeting. The doubling of supply would bring the increase in home prices back to a reasonable level and squeeze developers' profits, he said.

4 Jun 2013 - 3:57am 1 comment

Tycoon Lee Shau-kee in talks to donate land for cheap flats for young

Lee Shau-kee, chairman of Henderson Land, said on Monday that he offered the government seven sites for affordable housing for young people. Photo: Sam Tsang

Henderson Land Development chairman Lee Shau-kee has confirmed he is in talks with the government to donate a plot of farmland in Fanling to build affordable housing for young people.

4 Jun 2013 - 2:34am 12 comments

Letters to the Editor, May 10, 2013

Dock workers may lose out in the long run. Photo: Felix Wong

'Success' for strikers has hurt society

I am glad to hear that the strike by dockworkers has come to an end following their acceptance of a 9.8 per cent pay rise.

I did not share any feelings of euphoria over their so-called victory.

Our logistics industry, one of the major pillars of Hong Kong's economy, faces major challenges from other ports in the region.

10 May 2013 - 4:43am 2 comments

The HK$1 million first-home question

Lee Shau-kee has a plan for first-time buyers. Photo: K.Y. Cheng

When Lee Shau-kee, the chairman of Henderson Land Development, said in January he would consider building homes and selling them for HK$1 million each to young buyers, my friends were ecstatic and thought hard about how they could qualify to buy one of them.

30 Apr 2013 - 4:29am 1 comment

Blue-chip chiefs keep hands in pockets after buying spree

 Bruce Rockowitz. Photo: Jonathan Wong

Directors bought fewer of their own company shares for the second straight week in the last full week of April, according to filings to the stock exchange, after seven weeks of increased buying.

29 Apr 2013 - 4:11am

Chairmen dive into property blue-chips but inside buys slide

Lee Shau-kee

Directors snapped an eight-week run of rising insider buys last week, with 40 companies reporting 171 purchases worth HK$276 million, based on filings to the stock exchange for the third week of April.

The figures were down from the previous week's 51 companies that reported 212 purchases worth HK$832 million.

22 Apr 2013 - 2:50am

Government confirms talks under way on tycoon Lee Shau-kee's offer of land for homes

Lee Shau-kee (above) has held talks with Anthony Cheung.

Professor Anthony Cheung Bing-leung said the offer was unprecedented: "No developer has donated land to the government like this. If an individual is really willing to donate, and the land released fits the urban planning requirements for housing use, the government should consider it."

21 Apr 2013 - 6:28am 1 comment

Who said it?

Barack Obama

We welcome people from all around the world, people of every faith, every ethnicity.

21 Apr 2013 - 6:25am

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