Li Ka-shing's Company Sells 400 Properties in Greater Bay Area, Sparking Speculation and Controversy
Billionaire Li Ka-shing's company, Cheung Kong Holdings, has been making headlines with its latest move to sell 400 properties in the Greater Bay Area, a region in southern China that includes Hong Kong, Macau, and parts of Guangdong province. The properties, which include apartments and houses, are being marketed to Hong Kong buyers with prices starting from 400,000 yuan (approximately $57,000 USD).
31 July 2025
According to reports, the properties are spread across four projects: Huizhou Longpo Garden, Zhongshan Longpo Garden, Guangzhou Yicui Manor, and Dongguan Haiyi Haoting. The attractive pricing and relative proximity to Hong Kong are seen as key factors drawing in Hong Kong buyers.
The sales efforts for these properties appear to have gained momentum around 2019, with some projects having been acquired by Li Ka-shing's family as early as 1999. This long-term strategic investment reflects Li Ka-shing's business approach of "low-price land acquisition, long-term development," which has enabled him to sell at a profit even at these low prices.
The low entry price of 400,000 yuan for a property in the Greater Bay Area is significantly more affordable compared to Hong Kong's real estate market, where such an amount might not even cover a down payment. Many Hong Kong customers are reportedly buying at projects like Longpo Garden due to the relatively low total price for one-bedroom and two-bedroom units, which range from 400,000 to 600,000 yuan.
The exact sales figures are not fully clear, but the recurring mentions of the sales campaign over the past day suggest an active effort to leverage the price difference and lifestyle appeal of the Greater Bay Area for Hong Kong residents. The properties being sold are from existing projects, and this "old projects, new sales" approach is drawing attention as a known tactic from Li Ka-shing's past business dealings.
The news of Li Ka-shing's family selling 400 properties in the Greater Bay Area has sparked significant discussion on social media platforms like Weibo. The general sentiment appears to be a mix of suspicion, cynicism, and concern, with many questioning the motivations behind this move. Some have speculated that Li Ka-shing is "cashing out" or divesting assets, while others believe he is privy to information or trends that others are not.
Criticism has also been directed at Li Ka-shing's perceived opportunistic nature and business practices. Some have questioned his commitment to social responsibility and national interest, with comments suggesting that he prioritizes profit over these concerns.
The key individuals and entities involved in the sale include Li Ka-shing, Hutchison Whampoa Properties, and Tan Jianxu, the Marketing and Corporate Business Development Director for Hutchison Whampoa Properties. While other figures have been mentioned in relation to Li Ka-shing's broader business history, they are not directly identified as key players in this specific transaction.
Concerns have also been raised about the implications of this sale for the property market in the Greater Bay Area and Hong Kong. Some have speculated that Li Ka-shing's actions may signal broader issues or a downturn in the real estate sector, while others see the move as a strategic response to the current economic climate and political considerations.
Overall, the sale of 400 properties in the Greater Bay Area by Li Ka-shing's companies has sparked significant attention and interest, reflecting a complex mix of economic anxieties, nationalistic sentiments, and a deep-seated distrust of long-term investors perceived as prioritizing personal gain over broader societal or national interests.
