Li Ka-shing’s CK Asset Holdings throws weight behind Beijing’s security law for Hong Kong ahead of its biggest property launch this year
- National security law would have positive impact on property market, said CK Asset’s executive director, Justin Chiu
- CK Asset’s new Sea to Sky project in Lohas Park comprises 1,422 flats ranging from 434 to 1,077 square feet
CK Asset Holdings, the second largest developer in Hong Kong by value, has sought to ease homebuyers’ concerns over China’s hugely controversial security bill ahead of its biggest property launch this year.
Beijing’s tailor-made security law for Hong Kong, which was unveiled at the annual National People’s Congress on May 21, would have a positive impact on the city’s property market, said executive director Justin Chiu Kwok-hung on Tuesday at a media briefing about the Sea to Sky project in Lohas Park.
“The national security law is necessary. Businesses will only be able to operate and thrive in a stable social environment, and homebuyers will feel more at ease when purchasing homes,” said Chiu.
“Once the situation clears up, people will feel more at ease about the future and stability of Hong Kong.”
The new security law, which bypasses Hong Kong’s Legislative Council, is widely seen as a threat to the city’s freedoms and has reignited the anti-government protests that engulfed the territory last year.