Core Viewpoint - Li Ka-shing's business empire is undergoing a significant withdrawal from the mainland Chinese real estate market, with a notable shift in revenue sources towards Europe and a drastic reduction in mainland operations [6][7][27]. Group 1: Real Estate Market Dynamics - Li Ka-shing's Cheung Kong Property Holdings has initiated a "clearance sale" of over 400 residential units in Guangdong, with prices dropping significantly, such as units in Huizhou selling for as low as 400,000 HKD [6][12][15]. - The revenue contribution from mainland China has shrunk to 5%, while Hong Kong accounts for only 7%, and Europe now contributes 50% of the total revenue [6][27]. - The average price per square meter for properties like Dongguan Haiyi Haoting has plummeted from 44,000 HKD to 18,000 HKD, marking a 64.8% decrease [14][16]. Group 2: Historical Context and Strategy - Li Ka-shing's entry into the mainland real estate market began in 1992 with the Beijing Oriental Plaza project, which remains one of the most profitable commercial real estate projects in the region [18]. - His strategy has historically involved acquiring land at low prices and developing over long periods to maximize value, as seen in projects like the Beijing Dongsi Huayuan, which was acquired at 1,750 HKD per square meter and is now valued at 70,000 HKD [18][19]. - The shift in market dynamics and regulatory changes since 2015 have rendered his previous strategies less effective, prompting a series of asset sales starting in 2013 [22][23]. Group 3: Ongoing Withdrawal and Future Outlook - Since 2013, Li Ka-shing has sold over 250 billion HKD worth of assets in mainland China and Hong Kong, redirecting investments towards European infrastructure [26][27]. - As of mid-2025, Cheung Kong Property Holdings reported a land reserve of approximately 622,000 square meters, with 86% located in mainland China, down from over 1 million square meters in 2013 [27][28]. - The company's net profit for the first half of 2025 was 6.302 billion HKD, a nearly 27% decline year-on-year, primarily due to significant reductions in property valuations [28].

Core Viewpoint - The company reported a mixed performance for the first half of 2025, with increased property sales revenue but declining sales profit due to market weakness and discounting strategies [2][3][4]. Group 1: Financial Performance - The company achieved a revenue of HKD 25.386 billion, representing a year-on-year growth of 15.3% [2]. - Shareholder profit was HKD 6.302 billion, a decrease of 26.7% compared to the previous year, with a loss of HKD 0.503 billion from the revaluation of investment properties [2]. - Property sales revenue reached approximately HKD 7.366 billion, a significant increase of 58.92% from HKD 4.635 billion in the same period last year [3]. Group 2: Market Dynamics - The company adopted a strategy of offering discounts to stimulate sales amid cautious market sentiment, leading to a decline in sales profit despite increased revenue [4][5]. - In the Hong Kong market, property sales revenue increased by 7.77%, but sales profit plummeted by 92.91% from HKD 1.044 billion to HKD 0.074 billion [4]. - The company is focusing on clearing inventory, which is expected to continue influencing pricing strategies [8]. Group 3: Future Outlook - The company anticipates a significant increase in revenue in the second half of 2025, with approximately HKD 28.553 billion in signed but unrecognized property sales expected to contribute around HKD 22.898 billion in revenue [9]. - The company holds a land reserve of approximately 67 million square feet, with expectations for stable profit contributions from property development in the coming years [9]. - The company is exploring new investment opportunities, particularly in commercial and retail properties in Hong Kong, leveraging its financial strength and low capital debt ratio [10][11].

Core Viewpoint - Li Ka-shing is accelerating the liquidation of real estate assets in mainland China, signaling a significant shift in strategy within the property market [1][3][13] Group 1: Sales Strategy - Li Ka-shing's recent sales include a 50% discount on 400 units across four projects in the Greater Bay Area, indicating a drastic reduction in pricing to attract buyers [1][3] - The projects involved are well-known, including Huizhou Longpo Garden and Dongguan Haiyi Haoting, with significant price cuts from their original listing prices [3][11] - The Huizhou project offers units starting at 400,000 yuan for 51 square meters, translating to a price of less than 8,000 yuan per square meter, a substantial discount from the original price range of 10,400 to 14,000 yuan per square meter [3][11] Group 2: Market Conditions - The Huizhou real estate market is experiencing high inventory pressure, with the Longpo Garden project, which launched in August 2020, still unsold [5][7] - The majority of previous buyers for these properties have been from Hong Kong, indicating a trend of Hong Kong residents purchasing properties in mainland cities due to local market pressures [5][7] - The Dongguan project has faced significant delays, with development taking nearly 28 years, highlighting challenges in the mainland property market [8][11] Group 3: Historical Context - Li Ka-shing's strategy of selling off mainland properties is not new; it began around 2013, with total cashing out exceeding 117 billion HKD [16][17] - The number of real estate projects held by Li Ka-shing in mainland China has drastically decreased from over 50 in 2021 to just 18 currently [17][18] - As of March 2025, the estimated value of Li Ka-shing's assets in mainland China is around 300 billion HKD, representing only 25% of his total global assets [18][19]

Core Viewpoint - Recent rumors regarding Li Ka-shing's potential sale of his luxury residence in Hong Kong have been denied by his son, Li Zeju, asserting that the reports are entirely fabricated and lack factual basis [3][5][6]. Group 1: Property Sale Rumors - Market speculation suggested that Li Ka-shing was planning to sell his residence at 79 Shallow Water Bay Road for HKD 5 billion [3]. - Li Zeju clarified that there has never been any intention to sell the property, labeling the online reports as fictional and misleading [5][6]. Group 2: Real Estate Developments - Concurrently, Cheung Kong Holdings, under Li Ka-shing's family, is promoting 400 residential units across four projects in the Greater Bay Area, which may have contributed to the rumors [8]. - The largest project, Huizhou Longbo Garden, offers 300 units, with prices starting at approximately HKD 400,000; high-end villas in Dongguan Haiyi Villa are priced between HKD 7 million and HKD 8 million [9]. - The properties being marketed are part of earlier acquisitions by Li Ka-shing's family, indicating a strategy of "old projects, new sales" [10]. Group 3: Market Trends - Analysts note a trend of Hong Kong residents increasingly looking to purchase properties in the Greater Bay Area, driven by declining property prices and more favorable purchasing conditions for residents from Hong Kong and Macau [10]. - This shift presents a new opportunity for real estate companies to adapt to the evolving preferences of potential buyers in this market segment [10]. Group 4: Public Response - Li Zeju emphasized the prevalence of false information regarding his family, urging media and the public to refrain from spreading rumors to avoid falling victim to scams [12].

Core Viewpoint - The chairman of Cheung Kong Holdings, Li Ka-shing's eldest son Li Zeju, publicly denied rumors regarding the sale of the property at 79 Deep Water Bay Road, stating that such reports are fictitious and lack factual basis [1] Group 1: Property Sale Rumors - The rumors suggested that Li Ka-shing intended to sell the luxury property at a price of HKD 5 billion [1] - The property was originally purchased in 1963 for HKD 630,000 and underwent reconstruction in 2013 at a cost of several hundred million HKD [1] Group 2: Recent Sales Activities - In May, Cheung Kong Holdings launched a new batch of high-end properties in Beijing, with sizes ranging from approximately 140 square meters to 185 square meters, priced around HKD 98,000 to HKD 100,000 per square meter [1] - Discounts were offered, potentially lowering the price to around HKD 70,000 per square meter, with total prices starting at HKD 9.8 million, reflecting a decrease of nearly HKD 1 million compared to last year's opening prices [1] Group 3: Financial Performance - Cheung Kong Holdings reported a decline in both revenue and profit for the previous year, with revenue at HKD 45.529 billion, down from HKD 47.243 billion, and net profit attributable to shareholders at HKD 13.657 billion, a 20% decrease from 2023 [2] - Confirmed property sales revenue for the reporting period was HKD 9.962 billion, lower than HKD 13.153 billion in 2023 [2] - Li Zeju indicated that the decrease in property sales was part of a planned strategy, as the company had reduced land purchases during the peak of the real estate market five to six years ago [2]

Core Viewpoint - Li Ka-shing's son, Li Zeju, publicly denied rumors regarding the sale of the property at 79 Deep Water Bay Road, stating that such reports are fabricated and lack factual basis [2] Group 1: Company Actions - Longfor Group has been active in selling assets, including launching new batches of high-end properties in Beijing, with prices ranging from approximately HKD 9.8 million to HKD 10 million per square meter, and offering discounts that could lower prices to around HKD 7 million per square meter [3] - In August, Longfor Group promoted four projects in the Greater Bay Area, totaling 400 units, with the largest project being Huizhou Longbo Garden, which has 300 units available [3] Group 2: Financial Performance - Longfor Group reported a decline in both revenue and profit for the previous year, with revenue of HKD 45.529 billion, down from HKD 47.243 billion, and a 20% decrease in net profit to HKD 13.657 billion [4] - The confirmed property sales revenue for the reporting period was HKD 9.962 billion, a decrease from HKD 13.153 billion in the previous year [4] - Li Zeju mentioned that the decline in property sales was part of a planned strategy, as the company had reduced land purchases during the peak of the real estate market five to six years ago [4]

Group 1 - Recent rumors suggest that Li Ka-shing plans to sell his luxury property at 79 Deep Water Bay Road for HKD 5 billion, which has gained significant attention on social media [1] - Cheung Kong Property Holdings Limited officially denied the rumors, stating that there are no plans to sell the property and that much of the online speculation is unfounded [1] - The Hong Kong property market has shown signs of recovery, with a total of 7,199 property registrations in July, a slight decrease of about 1% from June, indicating active market transactions [1] Group 2 - Analysts attribute the rebound in Hong Kong property prices to multiple factors, including a "super rebound" and optimistic expectations regarding economic recovery, which have increased buyer willingness [2] - The Hong Kong property price index has risen for three consecutive months as of June, indicating that the market has likely found its bottom and is entering a gradual upward phase [2] - Cheung Kong's luxury project on Hong Kong Island, 21 Borrett Road, sold a four-bedroom unit for HKD 162 million, reflecting the presence of high-end buyers in the market [2] Group 3 - Cheung Kong's subsidiary, Hutchison Whampoa Properties, is promoting four real estate projects in the Greater Bay Area, totaling approximately 400 units, with the Huizhou project offering 300 units [3] - The current price for a 51-square-meter unit in Huizhou is around HKD 440,000, translating to approximately HKD 8,554 per square meter, which is a decrease from previous prices [3] - Market adjustments and strategic shifts from companies are influencing pricing, with new home price promotions and increased second-hand listings contributing to competitive conditions [3]

Core Viewpoint - Recent discussions surrounding Cheung Kong Holdings have sparked significant market interest, particularly regarding property sales and market trends in Hong Kong [1]. Group 1: Property Sales and Market Activity - Cheung Kong Holdings denied rumors about the sale of the property at 79 Deep Water Bay Road, stating that such reports are unfounded and fabricated [2]. - The Hong Kong property market has shown signs of recovery, with a total of 7,199 property registrations in July, a slight decrease of about 1% from June's 7,221, indicating active market transactions [2]. - Analysts attribute the rebound in Hong Kong property prices to multiple factors, including a "super rebound" from previous declines, optimistic expectations regarding economic recovery, and lower mortgage rates encouraging buyers to enter the market [2]. Group 2: Luxury Real Estate Transactions - On July 28, a luxury four-bedroom apartment in the 21 Borrett Road project sold for HKD 162 million, reflecting the continued presence of high-end buyers in Hong Kong's luxury market [3]. - The active economic performance has led to an increase in buyer participation in the luxury real estate sector [3]. Group 3: New Project Launches - Cheung Kong's subsidiary, Hutchison Whampoa, is promoting four real estate projects in the Greater Bay Area, totaling approximately 400 units, with the Huizhou Longbo Garden project offering 300 units [4]. - The current price for a 51-square-meter unit in Huizhou Longbo Garden is around HKD 440,000, translating to approximately HKD 8,554 per square meter, which is a decrease from previous prices that ranged from HKD 10,400 to HKD 14,000 per square meter [4]. Group 4: Market Trends and Strategic Shifts - There are indications that market adjustments and strategic shifts within companies are influencing property pricing, with reports of price reductions and increased listings in the market since May 2025 [7].

Group 1 - The core viewpoint highlights the strategic divestment of Li Ka-shing's company from the Greater Bay Area real estate market, despite the anticipated economic benefits from the Hong Kong-Zhuhai-Macao Bridge [2][5] - The logistics revolution brought by the bridge is evident, with significant increases in passenger traffic and property prices in core areas, while the company is selling off properties in non-core regions where supply exceeds demand [2][3] - The decision to sell is linked to a broader understanding of market differentiation, as the company recognizes that the benefits of the bridge are concentrated in key areas like Xiangzhou and Hengqin, while peripheral regions face oversupply [2][6] Group 2 - The divestment aligns with a judgment on asset cycles, as the company capitalizes on past investments while navigating a declining real estate market in China, marked by falling sales and significant industry challenges [3][5] - The company's actions reflect a response to policy shifts, such as the end of the housing reform era, indicating a strategic adaptation to the changing landscape of the real estate market [5][6] - Li Ka-shing's strategic shift since 2013 has resulted in the sale of over 230 billion yuan in assets, redirecting investments towards stable public utilities in Europe, which are less affected by policy changes compared to the volatile Chinese real estate market [6][8] Group 3 - The contrasting dynamics of the logistics benefits from the bridge and the real estate market illustrate a divergence in capital demands, with the company prioritizing liquidity and returns over heavy asset investments [8] - The investment in telecommunications in the UK promises significant cost synergies, showcasing a preference for stable cash flows over the uncertainties of the domestic property market [8] - The overall strategy reflects a broader trend of capital allocation in the globalized economy, balancing between opportunities and risks, as the company seeks to optimize its investments in a changing environment [8]

Core Viewpoint - The article discusses the increasing interest of Hong Kong buyers in real estate in the Greater Bay Area, particularly in cities like Huizhou and Zhongshan, due to lower property prices and appealing living conditions [1][2][3]. Group 1: Market Trends - Hong Kong buyers are expanding their property search to the entire Greater Bay Area, with a notable interest in Huizhou's coastal properties due to their lower total prices [1]. - Recent projects promoted by Cheung Kong Property include approximately 400 units across four developments, with Huizhou Longbo Garden offering 300 units [1][2]. - The price of a 51-square-meter unit in Huizhou Longbo Garden is around 440,000 yuan, translating to approximately 8,554 yuan per square meter, significantly lower than previous prices of 10,400 to 14,000 yuan per square meter [1]. Group 2: Buyer Preferences - Many Hong Kong buyers are looking for properties priced under 4 million yuan, primarily for self-use, and are cautious about high total prices [3]. - The appeal of properties in Huizhou and Zhongshan is driven by their suitability for retirement, offering larger living spaces and scenic views at a fraction of the cost compared to Hong Kong [2]. Group 3: Market Dynamics - The decline in property prices in Huizhou, Zhongshan, and Dongguan has made these areas more attractive to Hong Kong buyers, with significant negotiation flexibility in the market [1][2]. - The Hong Kong real estate market is showing signs of recovery, with a slight decrease in property registrations indicating active trading, driven by factors such as "super rebound" and optimistic economic outlooks [3].