Hong Kong Property Mogul Lee Shau Kee Passes Away at 97

Hong Kong property developer Lee Shau Kee, a prominent figure in the real estate industry, has died at the age of 97. Lee was the chairman of Henderson Land Development, one of the largest real estate companies in Hong Kong.

Real EstateHong KongProperty DeveloperLee Shau KeeHenderson Land DevelopmentReal Estate NewsMar 17, 2025

Hong Kong Property Mogul Lee Shau Kee Passes Away at 97
Real Estate News:Hong Kong property mogul Lee Shau Kee, who led one of the largest real estate firms in the city, died on October 25, 2023, at the age of 97. Lee was the chairman of Henderson Land Development, a company he co-founded in 1976, which has since become a cornerstone of Hong Kong's property market. His passing marks the end of an era in Hong Kong's business history.

Lee Shau Kee was born in 1928 in Zhejiang, China, and moved to Hong Kong in the 1950s. He began his career in the plastics industry before venturing into real estate. Lee's vision and business acumen played a pivotal role in transforming Hong Kong's skyline, with numerous iconic buildings and developments bearing the Henderson Land Development name.

Under Lee’s leadership, Henderson Land Development expanded its portfolio to include residential, commercial, and retail properties, both in Hong Kong and internationally. The company has been involved in major projects such as the development of the International Commerce Centre, the tallest building in Hong Kong, and the IFC Mall, a premier shopping destination in the city.

Lee's success in the real estate sector earned him a place among the world's wealthiest individuals. He was known for his conservative investment approach and his ability to navigate economic cycles, which helped Henderson Land Development weather financial storms and maintain a strong market position.

In addition to his business achievements, Lee Shau Kee was also recognized for his philanthropic efforts. He established the Lee Shau Kee Foundation, which focuses on education, social welfare, and cultural development. The foundation has supported numerous projects and initiatives, contributing to the betterment of society in Hong Kong and beyond.

Lee Shau Kee's legacy will be remembered not only for his contributions to the real estate industry but also for his commitment to community and social responsibility. His passing has left a significant void in the business community, and his family, colleagues, and admirers are mourning his loss.

As Hong Kong remains one of the world's most dynamic real estate markets, the impact of Lee Shau Kee's contributions will continue to be felt for generations to come. His life story serves as an inspiration to aspiring entrepreneurs and business leaders, highlighting the importance of perseverance, innovation, and social consciousness in building a successful and enduring enterprise.

Frequently Asked Questions

Who was Lee Shau Kee?

Lee Shau Kee was a prominent Hong Kong property developer and the chairman of Henderson Land Development, one of the largest real estate companies in Hong Kong. He was born in 1928 and passed away in 2023 at the age of 97.

What was Lee Shau Kee's role in Henderson Land Development?

Lee Shau Kee co-founded Henderson Land Development in 1976 and served as its chairman. Under his leadership, the company became a leading real estate firm in Hong Kong, known for major developments such as the International Commerce Centre and the IFC Mall.

What were some of Henderson Land Development's notable projects?

Henderson Land Development has been involved in several iconic projects, including the International Commerce Centre, the tallest building in Hong Kong, and the IFC Mall, a premier shopping destination in the city.

What is the Lee Shau Kee Foundation?

The Lee Shau Kee Foundation is a philanthropic organization established by Lee Shau Kee. It focuses on education, social welfare, and cultural development, supporting numerous projects and initiatives in Hong Kong and beyond.

How will Lee Shau Kee's legacy be remembered?

Lee Shau Kee's legacy will be remembered for his significant contributions to the real estate industry, his conservative investment approach, and his commitment to community and social responsibility through the Lee Shau Kee Foundation.

Related News Articles

Delhi-NCR and Mumbai Witness Significant Rise in Housing Prices Over the Past 5 Years
Real Estate

Delhi-NCR and Mumbai Witness Significant Rise in Housing Prices Over the Past 5 Years

The average housing prices in Delhi-NCR and Mumbai have seen a substantial increase of nearly 50% over the past 5 years, according to a report by real estate consultant Anarock.

July 7, 2024
Read Article
Dronagiri and Uran: The Next Hub for Real Estate Investment in Navi Mumbai
Real Estate Mumbai

Dronagiri and Uran: The Next Hub for Real Estate Investment in Navi Mumbai

Dronagiri, situated near the Jawaharlal Nehru Port Authority, is emerging as a key area for real estate investment, driven by its strategic location and growth potential.

July 27, 2024
Read Article
Blackstone's India Real Estate Portfolio Yields $2.6 Billion Harvest
Real Estate

Blackstone's India Real Estate Portfolio Yields $2.6 Billion Harvest

Blackstone's decade-long investment in India's real estate sector pays off with a whopping $2.6 billion return, cementing its position as a leading institutional investor in the country.

August 9, 2024
Read Article
The Real Estate Mafia: Uncovering the Truth Behind Hyderabad's CSK
real estate news

The Real Estate Mafia: Uncovering the Truth Behind Hyderabad's CSK

Chimanlal Suresh Kumar, a textile trader turned real estate mogul, is under investigation for encroaching and selling lake land at Shastripuram, leaving hundreds of buyers in financial ruin.

August 15, 2024
Read Article
Brigade Group Launches Major Residential Project in Chennai, Targets ₹1700 Crore Revenue
Real Estate

Brigade Group Launches Major Residential Project in Chennai, Targets ₹1700 Crore Revenue

Bengaluru-based real estate giant, Brigade Group, has ventured into the bustling city of Chennai with the launch of its new residential project, Brigade Altius. Positioned in the heart of the city's IT corridor, the project is set to contribute significan

March 6, 2025
Read Article
Aditya Birla Real Estate Ltd Sells Century Pulp and Paper Business to ITC for ₹3498 Crore
Real Estate

Aditya Birla Real Estate Ltd Sells Century Pulp and Paper Business to ITC for ₹3498 Crore

Aditya Birla Real Estate Ltd (ABREL) has announced the sale of its pulp and paper unit in Lalkuan, Uttarakhand, to ITC Limited for a significant sum of ₹3498 crore. This strategic move aims to enhance financial flexibility and focus on core business operations.

March 31, 2025
Read Article