Born in 1928, founder Mr Li Ka Shing is from Chiu Chow, China. Due to the war, he left with his family to Hong Kong when he was twelve years old. His dad passed on in Hong Kong and young Mr Li had to slog sixteen hours a day in a plastics trading firm before the age of fifteen to bring bread to the table.
In 1950, Mr Li founded his own company, Cheung Kong Industries. He progressed from manufacturing plastics to investing in properties. In 1972, his real estate firm was listed on the Hong Kong Stock Exchange. He then went on to buy over Hutchison Whampoa in 1979 and Hongkong Electric Holdings Limited in 1985.
The Cheung Kong Group encompasses many areas of businesses such as real estate building and management, finance, hotel management, e-commerce, retail, shipping ports and related services, media, energy, biotechnology, telecommunications, infrastructure projects and materials.
On the social care and responsibility front, Mr Li started the Li Ka Shing Foundation (LKSF) in 1980 to direct energy into giving, education and advanced medical research.
The following year, Shantou University (STU) was formed by Mr Li and has so far educated over a hundred and ten thousand higher tertiary students which includes forty thousand medical students.
In recognition of his social efforts and generosity, Mr Li has received many awards from near and far.
Mr Li is committed to quality and excellence. His never-ending pursuit of higher state of excellence has led him to develop properties overseas. His foray into the Singapore property market started way back in 2001 when they had jointly led in the development of Marina Bay Financial Centre and One Raffles Quay which has totally changed the financial district of Singapore.
In March 2010, Cheung Kong launched The Vision at West Coast Crescent at an average asking price of $1000 to $1200 per square foot (psf) for 2-, 3- and 4-bedroom units of 818 to 1,604 square feet (sqft). As compared to surrounding older projects like the Blue Horizon launched in 2001, unit prices went for $764 to $808 psf in March 2010; while the Clementi Woods Condo which was launched in 2007 had units exchanging hands at $836 to $957 psf in February 2010. Bearing that in mind, the group’s vision was to market TheVision as a high-end project and they had committed themselves to high-end fittings and finishings.
In the following year 2011 July, Cheung Kong launched its prestigious and luxurious new condo, Thomson Grand in the Upper Thomson area where it is close to many amenities. Homeowners and investors were drawn to the appeal of the highly sought-after Upper Thomson precinct together with its close proximity to various expressways like the Seletar Expressway (SLE), Central Expressway (CTE) and Pan Island Expressway (PIE). Adding to that, there are also nearby shopping malls and elite educational institutions in the vicinity such as Thomson Plaza and Junction 8 Bishan, St Nicholas Girls’ School, Catholic High School, Raffles Institution (Sec and JC) and Ai Tong Primary School. Superb location with Singapore Island Country Club (SICC) and Central Catchment Nature Reserve at the doorstep of the project. Units were marketed at an average of $13xx psf.
New Upcoming Condo Singapore project by Cheung Kong: