Date
19 September 2017
Leung Chi-kin (inset) says Hong Kong property values could suffer from a planned civil disobedience campaign by Occupy Central. Photos: Bloomberg, HKEJ
Leung Chi-kin (inset) says Hong Kong property values could suffer from a planned civil disobedience campaign by Occupy Central. Photos: Bloomberg, HKEJ

Tycoons: Occupy Central a threat to property values

Property tycoons have emerged from a meeting with China’s top leaders with a fresh warning that a civil disobedience movement threatens Hong Kong’s economic development.

Home prices will suffer from the effects of Occupy Central’s threatened “era of civil disobedience”, Ming Pao Daily reported Tuesday, citing Leung Chi-kin, chairman of the Hong Kong Real Estate Developers Association.

Leung was part of a high-powered business delegation led by former Hong Kong chief executive Tung Chee-hwa that met with President Xi Jinping and other senior Chinese officials in Beijing on Monday.

The group included Li Ka-shing, Lee Shau-kee and Henry Cheng.    

The Beijing visit came amid rising tensions over Beijing’s proposed election framework for the 2017 chief executive election which Occupy Central and other pro-democracy groups dismissed as fake universal suffrage.

They have vowed to press their opposition to the proposal with a series of protests.   

Leung said Beijing has a lot of policies that are good for Hong Kong. He urged young people not to participate in civil disobedience or risk breaking the law.

Cheng, chairman of New World Development, said political reform cannot be achieved in a single step and praised Beijing’s gradual approach to Hong Kong’s democratic development.

And Henderson’s Lee said the electoral reform plan will help ensure Hong Kong’s stability and prosperity. He said Occupy Central is a threat to livelihood.

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KZ/AC/RA

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