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CK Asset Holdings

CK Asset Holdings was formed in 2015 when tycoon Li Ka-shing's Cheung Kong Holdings spun off its property arm as part of a restructuring that culminated in the privatisation of Cheung Kong. CK Asset Holdings replaced its parent on the Hong Kong stock exchange. In 2018, Li Ka-shing stepped down as chairman and handed leadership to his son Victor Li Tzar-kuoi. The elder Li retains a role as senior adviser.

Chairman / President

LI Tzar Kuoi, Victor

CEO / Managing Director

LI Tzar Kuoi, Victor

CFO / Finance Director

Edmond Ip

Industry

Property

Website

ckah.com

Headquarters address

7th Floor, Cheung Kong Center, 2 Queen's Road Central, Hong Kong

Stock Code

SEHK:1113

Year founded

1950

last updated:

30 September, 2024

CK Asset Holdings

1 in 6 Hongkongers are eyeing home purchase in next 5 years: HSBC

Around 300,000 households will be in the market, exceeding expected supply, the lender estimates.

Hong Kong developers to feel earnings pain amid high vacancy rates: Moody’s

Hong Kong property developers lift prices as sentiment improves

Buyers swarm Hong Kong’s biggest home sales weekend in 6 months

Buyers snapped up more than 300 of 504 new flats across Blue Coast II in Wong Chuk Hang and Cullinan Sky in Kai Tak on Saturday.

Li Ka-shing’s entities post lower profits, won’t bet against Hong Kong’s outlook

Earnings at CK Hutchison and CK Asset weakened in the first half of 2024 amid global trade conflicts and property market slump at home, according to stock exchange filings.

Hong Kong’s 2024 property slump feels like it’s 1997 again – or is it?

Major developers like CK Asset had lavished discounts since the start of the year, driving prices down by about 25 per cent from their September 2021 peak.

Hong Kong land sale ‘far exceeds’ expectations as 11 firms submit bids

Despite the slumping property market, major developers CK Asset and Sino Land are among the firms vying for a plot of land that will support 280 flats in Sha Tin.

Elder scion of Hong Kong’s wealthiest clan mulls a family office

Hong Kong has attracted more than HK$10 billion (US$1.3 billion) under the four-month-old cash-for-residency scheme, as the city pushes ahead with its family office hub ambitions.

End of the fad? Hong Kong’s ‘nano flat’ pioneer slashes price by 32%

The flagship developer of tycoon Li Ka-shing has slashed the price of some of the remaining flats at its project in the Northern Metropolis by almost a third compared with when it was first launched in 2021.

CK Asset launches second batch of Blue Coast project to warm reception

A total of 130, or 70 per cent, of the 184 units on offer were sold on Saturday, according to sales agents.

Hong Kong buyers pile into CK Asset’s Blue Coast flats on discounts

The launch of Blue Coast marks the biggest residential offering since the city government removed property curbs and relaxed its mortgage policies in February.

CK Asset’s Blue Coast flats priced well below cost in bid to drum up interest

The developer has priced its closely-watched new project in Wong Chuk Hang well below cost and cheaper than neighbouring developments in a sign it may be trying to ensure the first batch of flats sells out in the hopes of drumming up interest in the remaining units.

Hong Kong must do whatever it takes to maintain financial hub status: Victor Li

‘There are only a few [international financial centres], and Hong Kong is one of them. It is hard-won. We must not lose this place,’ CK Hutchison and CK Asset chairman says.

Hong Kong property downturn not yet over, prices to fall by up to 10%: S&P

Hong Kong’s current property market downturn is cyclical and not structural, with home prices set to decline by as much as 10 per cent this year as elevated interest rates keep demand in check, S&P says

SHKP in pole position to benefit from Hong Kong’s property easing measures

Hong Kong’s largest developer by market capitalisation is being tipped by analysts to emerge as the ‘prime beneficiary’ of the city’s removal of all property cooling measures.

Hong Kong homebuyers flock to discounted new home sales over the weekend

Homebuyers in Hong Kong have continued to flock to projects that offer them best value for their money, with CK Asset Holding selling almost all units in the latest batch of its Coastline project on Sunday.

Thousands queue for flats as discounts aid Hong Kong’s ailing property sector

Almost 4,000 homebuyers rushed to snap up flats at CK Asset Holdings’ Coast Line I in Yau Tong on Sunday, just a week after all units in the other phase of the project, Coast Line II, sold out on their first day of sales.

Hong Kong home builders hasten sales launches as pipeline builds

The developers behind Villa Garda III housing project in Hong Kong have hastened its sales campaign, releasing its first price list at discounts in response to the renewed buying interest sparked by CK Asset’s successful launch.

CK Asset announces prices for new Coast Line phase after strong weekend sales

Hong Kong property developer CK Asset Holdings has released the price list for the first 50 units at its Coast Line I project just two days after homebuyers snapped up all 626 apartments in Coast Line II on Saturday.

Analysis | ‘Always the first’: CK Asset’s history of foretelling property slumps

‘As a developer you want your money back as soon as possible, and also to get a profit,’ an expert says. It’s advice the flagship developer of billionaire Li Ka-shing has long held close to its heart.

CK Asset’s Yau Tong launch sells out as crowds thronged show room

Hong Kong’s powerful guild of property developers allayed fears of a price war in the home market.

‘No price war’: Hong Kong developers brush aside fears of a property crash

Developer dismisses claims of price war as experts say seven-year-low prices for Kowloon flats are not a dire omen for the market.

13,000 Hong Kong homebuyers to vie for 626 Kowloon flats in weekend sale

CK Asset expanded the Coast Line II sale from 254 to 626 flats, and analysts say the low average price of HK$14,686 (US$1,880) per square foot will pressure other developers to cut prices in future launches.

Hong Kong property ‘price war’ imminent as Li Ka-shing’s firm fires first shot

Developer cuts prices at Coast Line II in Kowloon to US$1,921 per square foot – 16 per cent below other recent launches – in a bid to boost buyer sentiment in a slumping market.

Li Ka-shing’s CK Asset to resume buy-backs to boost share price, analysts say

Citi and Jefferies, which have lowered their target prices for the developer’s stock, see more buy-backs as likely given that the company has ‘limited positive catalysts’ to drive its stock price in the near term.

Li Ka-shing’s flagships see profits plunge as high interest rates take a toll

CK Hutchison Holdings and CK Asset Holdings, the two flagship companies of Hong Kong’s richest man Li Ka-shing, reported a drop in their first-half earnings, as the high interest rate environment continued to pile pressure on businesses in the city.

Li Ka-shing’s CK Asset announces failure of US$2.66 billion Mid-Levels sale

CK Asset cited high interest rates as a factor in the collapse of the deal for 148 units in the 21 Borrett Road development, after buyer LC Vision Capital 1 failed to make a US$133 million payment.

CK Asset to launch The Coast Line residential development in Yau Tong

CK Asset Holdings will soon launch its The Coast Line residential project in Yau Tong, becoming the latest company to offer a new development in the city’s weakening housing market.