The economy of Hong Kong was considerably stable in 2000. However, as the global economy experienced a slowdown since the beginning of 2001, the confidence of local home purchasers remained low notwithstanding that Hong Kong followed the footsteps of the United States of America in announcing consecutive reductions of interest rates as well as a series of measures implemented by the Government to stabilise local property prices.
- Lee Shau Kee
Quotees Archive
The fallout from the US sub-prime issue, turbulence on global financial markets and the resulting credit tightening, slow-down in the global economies and increasing inflationary pressure all threaten to pose a drag on the economic growth in Hong Kong.
- Lee Shau Kee
The general upward trend in residential property prices seems to be continuing, with the luxury end of the residential market poised to show better performance in particular.
- Lee Shau Kee
The Group adopts a two-pronged strategy in its business development in mainland China. In the prime cities, the Group targets those prime sites with heavy pedestrian flow and easy access for development into large-scale complexes of exceptional design and quality. In the second-tier cities, which are mostly provincial capitals or municipalities with a preponderance of middle class residents, the Group focuses on large-scale developments so as to achieve an efficient use of land as well as long-term appreciation in property value.
- Lee Shau Kee
The Group also continues to be bullish for the long-term prospects for the property market in mainland China…
- Lee Shau Kee
Hi-tech is best managed by younger people.
- Lee Shau Kee
Hong Kong has remained a strong financial centre. It has a solid business environment and geographically, it is well located, being next to China. During this time, there is no city that can match it.
- Lee Shau Kee
Hong Kong still offers the best value.
- Lee Shau Kee
I already told you that it is 100% outside buyers.
- Lee Shau Kee
I want to help people to help themselves, which is much more valuable for both sides than just making a donation. By training the child of a farmer you compound the value of that dollar spent on training since that child will now help their parents. This is the multiplier effect. There’s no point in just feeding them or just giving them money.
- Lee Shau Kee
I worked with many departments in China to organise a ‘One million farmer’ programme. The scheme trained them to learn professional skills.
- Lee Shau Kee
If they really don’t want to buy the flats, I’ll take their deposits.
- Lee Shau Kee
In a position to be more accommodating. There are some lights at the end of the tunnel. If political leaders in Europe can put things in order, things will be better. These days, much relies on politics.
- Lee Shau Kee
In early 2009, the property market was still being driven by pessimistic sentiment and a wait-and-see attitude, leading to a further drop in the transaction volume.
- Lee Shau Kee
In line with the objective to diversify the business of your Group, Henderson Cyber was established to focus on businesses in the telecommunications and information technology fields.
- Lee Shau Kee
In the old days, Hong Kong was undeveloped, coming from a low base. Now it is on a high base, making it difficult to earn high multiples. We will certainly diversify out of Hong Kong and out of property. [On being asked where?] I don’t know. I haven’t found it yet.
- Lee Shau Kee
In view of the good progress made in respect of negotiations relating to Mainland China’s entry to the World Trade Organisation and the boost in local economic activities deriving from the emergence of the new economy, a great number of technology-related and international institutions have established and expanded their businesses in Hong Kong, bringing about substantial increases both in rentals as well as capital values for prime office properties and luxury residential properties.
- Lee Shau Kee
It is expected that Mainland China’s entry to the World Trade Organisation will materialise in the near future and the country will see further growth in its economy unfolding at a faster pace.
- Lee Shau Kee
No effort has been spared in ensuring the best designs for all our projects.
- Lee Shau Kee
Our approach as a Group is based on strong economic, social and environmental principles. We strive to create high quality, visually stimulating innovative new homes and commercial developments that enhance, as well as integrate with, their surrounding natural and built environments.
- Lee Shau Kee
Paper money will suffer. I’d be in mortar, not paper (money). We are in a time when paper investments are riskier than in the past. There is also a great amount of sovereign risk.
- Lee Shau Kee
Performance of the local property leasing market showed gradual improvement, particularly with demand rising substantially for the leasing of grade A as well as grad B office properties, and part of these properties registered an increase of over 50% as compared to the level as at the end of last year.
- Lee Shau Kee
Personally, I just hope that my family keeps getting bigger and bigger. That would make me very happy.
- Lee Shau Kee
Properties that were sold by the Group during this financial year amounted to approximately HK$15.6 billion, comprising around 8,000 residential units.
- Lee Shau Kee
Property prices depend mainly on the supply and demand of a particular point in time, in much the same way as the price for a commodity is fixed.
- Lee Shau Kee
Apart from banking facilities of a relatively small proportion which were raised in Renminbi, the majority of the Group’s funding facilities are obtained in Hong Kong Dollars and the Group’s exposure to foreign exchange fluctuation riks is therefore extremely small.
- Lee Shau Kee
Boosted by ongoing increases in both its external trade and domestic consumption, mainland China is expected to maintain robust economic growth.
- Lee Shau Kee
Buoyant consumer confidence will continue to underpin retial spending and hence rental growth for shopping centres. The office market is expected to perform well on the back of tight supply being met by keen demand from companies looking for expansion opportunities.
- Lee Shau Kee
By June this year, the [Henderson] Group had sold approximately 9,500 residential units totally around HK$21 billion in aggregate value.
- Lee Shau Kee
Comprehensive after-sale property management service is as important as building quality.
- Lee Shau Kee
Despite the office rent in Hong Kong generally declining, the Group’s rental is resilient as the major rental properties owned by the Group are retail shopping properties situated in the new towns and mass transportation network.
- Lee Shau Kee
Don’t be so nervous. It’s not a big deal.
- Lee Shau Kee
Don’t just park money in the bank.
- Lee Shau Kee
Don’t marry too early in life. It’s better to work hard when young and establish a career first.
- Lee Shau Kee
During the epidemic period of SARS, the Group purchased large quantities of disinfectant materials for donation to the local communities.
- Lee Shau Kee
During the past financial year, development properties sold by the Group amounted to approximately HK$3,592 million in total attributable sales proceeds, representing around 1,700 units…
- Lee Shau Kee
Economic recovery in the United States has been taking place at a slow pace at a time of uncertainty in the Middle East. However, Mainland China was able to show steady sustained growth. Hong Kong, being right at the southern gateway of Mainland China, is able to benefit from its growth.
- Lee Shau Kee
End-user buyers re-emerged in the market at a time when local commercial banks were keen to offer preferential terms for home mortgage loan business.
- Lee Shau Kee
Find a job that you will be happy with and work hard at.
- Lee Shau Kee
Following a period of drastic market fluctuations in Asia during the summer months of the previous year, economies in the region gradually improved and stabilised during the financial year.
- Lee Shau Kee
For now, if the Hong Kong environment doesn’t change, then in the long term, investing in Hong Kong is best.
- Lee Shau Kee
For the year ended 31 December 2011, the Group sold 325 residential units in Hong Kong, generating attributable sales revenue of HK$8,308 million, a marked increase when compared with HK$4,842 million for the previous financial year.
- Lee Shau Kee
For those already successful, money can become a controlling factor in life and make you a slave to it. One way to avoid that – Philanthropy.
- Lee Shau Kee
Giving away money to the right cause, with a leveraged effect and your own involvement in how it is spent, will ‘give you peace of mind.’
- Lee Shau Kee
Gold is a kind of mortar and offers a form of capital preservation. We’re still bullish about gold.
- Lee Shau Kee
95% financing arrangement offered by Hong Kong Mortgage Corporation Limited in a period of sustained low interest have added impetus to secondary trading activities in the property market.
- Lee Shau Kee
A false transaction using my own people to buy the flat? I’ll make a bet with you. For every $10,000 you put down, I’ll wager $1 million.
- Lee Shau Kee
After assessing the prospects of the various business segments of Henderson Cyber, the company, Henderson Investment, Hong Kong and China Gas and Henderson Cyber jointly announced in August 2005, the proposed privatisation of Henderson Cyber by Henderson Investment and Hong Kong and China Gas…
- Lee Shau Kee
After the decline in the past few years, the worst moment in the economy of Hong Kong is now behind us. The local property market is expected to show a steady upward trend as from this point.
- Lee Shau Kee
All my friends ask me, ‘Am I number one in the world in [receiving] dividend payments?’ I say, ‘I don’t know, ask Forbes.’
- Lee Shau Kee