Lee Shau Kee Quotes
105 Lee Shau Kee Quotes
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[In 2010] We will be one of the most productive residential developers in China in the next few years.
Lee Shau Kee
[In 1998 on receiving close to $190 million in dividends.] 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
[In 1999] 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
[In 1999] 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
[In 1999] 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
[In 1999] The local property leasing market generally experienced a slowdown and rental was subject to downward pressure. However, the investment properties of the [Henderson] Group are represented mainly by shopping podiums located in the new towns and these properties were less affected as compared with the retail shopping premises located in the urban areas.
Lee Shau Kee
[In 1999] The recovering economic environment will lead to an increase in local demand for home purchases and the purchasing power which has accumulated in the past two years due to uncertainty surrounding the local economy will result in increased demand for residential properties, particularly for residential units of small to medium size which match well with your [Henderson] Group’s property development focus.
Lee Shau Kee
[In 2000] 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
[In 2000] The number of residential units which have been booked in the financial statements of the Group in the period under review totalled 5,800 and amounted to approximately HK$14 billion in aggregate value.
Lee Shau Kee
[In 2000] 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
[In 2000] 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 2000] 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
[In 2000] 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 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
[In 2001] The number of units that were sold by the Group including those for which the Group acted as sales agent summed up to 2,960 residential units, amounting to approximately HK$9.2 billion in total sales proceeds.
Lee Shau Kee
[In 2001] Although Hong Kong continued to be affected by the slowdown of the global economy in the past financial year, most of the retail shopping properties owned by the Group are located in new towns where continual growth of residents are maintained and consumer spending power are segregated, thereby providing a good support to stabilise rental of the retail shopping properties located in such new towns.
Lee Shau Kee
[In 2001] The sudden attacks on the United States of America brought about adverse effects on the global economy in the short term. However, Mainland China has until now been able to maintain its economic growth on a steady course.
Lee Shau Kee
[In 2001] The Group’s performance will continue to improve in future upon return of the local economy on an upward recovery track.
Lee Shau Kee
[In 2002] The local property market witnessed a slowdown following the 9-11 incident in the United States, under an environment of high unemployment and sustained deflation in Hong Kong. On the whole, property prices showed a slight decline as compared with the price levels recorded in the previous financial year.
Lee Shau Kee
[In 2002] Residential properties that were sold by the Group summed up to around 5,800 units and amounted to approximately HK$12.8 billion.
Lee Shau Kee
[In 2002] The local property market remained volatile throughout the period under review due to negative developments occurring both in the local as well as overseas markets.
Lee Shau Kee
[In 2002] The [Henderson] Group adopted a conservative approach in replenishing its land bank and focused its resources to convert agricultural land holdings in hand into development land in the past year with a view to bringing down the cost of land replenishment and good progress has been made in this respect.
Lee Shau Kee
[In 2002] Although office rental in Hong Kong recorded a general downward adjustment and the slowdown in the economy in the past financial year brought along its negative impacts on the local retailing and food sectors, the major retail shopping properties owned by the Group were able to maintain an overall occupancy rate of 93% whilst rental levels generally remained steady.
Lee Shau Kee
[In 2002] 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
[In 2003] The economy in Hong Kong remained on a declining path. Occurrence of the Severe Acute Respiratory Syndrome (‘SARS’) in March this year led to a sharp drop in consumer spending and an increasing unemployment rate. The decline in the economy resulted in downward adjustment in the property market.
Lee Shau Kee
[In 2003] 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
[In 2003] 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
[In 2003] The [Henderson] Group continuously strives to upgrade the quality of its development properties by applying new technologies and building materials to improve the efficiency and lower the cost of construction.
Lee Shau Kee
[In 2003] During the epidemic period of SARS, the Group purchased large quantities of disinfectant materials for donation to the local communities.
Lee Shau Kee
[In 2003] 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
[In 2003] 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
[In 2003] With residential property prices having dropped by around two-thirds from their peak in 1997 and local interest rates dropping to their historic lows, mortgage payments currently falls below rental payment. This positive carry has led to property purchases by both home purchasers as well as investors. Further, with the local stock market becoming active again and reaching its highest level in the past 17 months, this has resulted in an increase in the number of transactions and a price for the luxury properties.
Lee Shau Kee
[In 2004] 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
[In 2004] The construction arm of the Group always firmly adheres to the principle of ‘People is our priority’ and deploys a vast amount of resources to quality facilities and training of staff to ensure a safe and good working environment.
Lee Shau Kee
[In 2004] The Group has always adhered to prudent financial management principles.
Lee Shau Kee
[In 2004] 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
[In 2005] The Group recorded totals sales of around 3,300 property units from which approximately HK$6,810 million was generated from sales revenues attributable to the Group.
Lee Shau Kee
[In 2005] With sustained recovery of the local economy, marked improvement in consumer spending and increasing tourist arrivals from Mainland China, these led to the expansion of certain local retail trades including cosmetics, audio-visual products and jewellery which in turn boosted the demand for retail shop spaces.
Lee Shau Kee
[In 2005] The average occupancy rate of the core investment properties of the group was maintained at a high level of 96%.
Lee Shau Kee
[In 2005] 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
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