Henderson Land says John Lee’s pledge to speed up housing and land supply will benefit homebuyers, the government and developers

Name: Hong Kong’s Election Committee picks John Lee as city’s next chief executive in one-man race
Uploaded: 2022-06-01T11:30:23.000Z
Duration: 4 min 5 s
Description: Hong Kong’s Election Committee picks John Lee as city’s next chief executive in one-man race

Co-chairman Peter Lee says developer will help Hong Kong’s next leader with scheme to provide training and mentoring to 1,000 junior secondary school students living in subdivided flats

We believe that the demand in the second half will be strong, co-chairman Martin Lee says

2-MIN READ2-MIN

Martin Lee Ka-shing, Henderson Land’s co-chairman; Lee Shau-kee and Peter Lee Ka-kit, the firm’s other co-chairman, during the developer’s annual general meeting in 2019. Photo: Sam Tsang

Pearl Liu

Published: 7:30pm, 1 Jun 2022

Henderson Land Development, which was founded by Lee Shau-kee, Hong Kong’s second-richest man, said it expected that a pledge by John Lee Ka-chiu, Hong Kong’s next leader, to speed up housing and land supply would benefit homebuyers, the government as well as developers.

“We agree that Hong Kong should boost the supply of land in both quantity and quality, as mentioned by chief executive-elect John Lee,” Martin Lee Ka-shing, Henderson Land’s co-chairman and Lee Shau-kee’s younger son, said at an annual general meeting held on Wednesday.

Peter Lee Ka-kit, Henderson Land’s other co-chairman and the founder’s elder son, said that Henderson Land would help John Lee complete his pilot scheme and help 1,000 junior secondary school students living in subdivided flats with training and mentoring programmes. “The scheme will offer 1,000 children a better future and help to narrow the gap between the rich and the poor,” he said.

Henderson Land is betting on a recovery in Hong Kong’s housing market in the second half of this year, as the city’s Covid-19 outbreak is brought under control. “Social distancing controls have been relaxed, and we believe that the demand in the second half will be strong,” Martin Lee said, adding that the company was planning to roll out the 2,800-unit Baker Circle project in Hung Hom.

04:05

Hong Kong’s Election Committee picks John Lee as city’s next chief executive in one-man race

Baker Circle is expected to be put onto the market for sales this month at the earliest, and is one of the biggest urban residential redevelopment projects by a private developer in Hong Kong.