Real Estate Developers Association of Hong Kong
| Company type | Trade association |
|---|---|
| Industry | Real estate development |
| Founded | 1965 |
| Founder | Henry Fok |
| Headquarters | Hong Kong |
Area served | Hong Kong |
Key people | Stewart Leung Chi-kin (executive committee member) |
Real Estate Developers Association of Hong Kong (REDA; ) serves as the principal trade body for the property development sector in Hong Kong. Founded in 1965 with Henry Fok as its inaugural chairman, the association comprises 17 leading developers operating within the region.
History
In November 2020, REDA expressed support for the removal of four pro-democracy legislators from the Legislative Council, emphasizing that this action was intended to protect national sovereignty and uphold the principle of "one country, two systems."
By January 2023, Stewart Leung Chi-kin of REDA voiced strong opposition from developers against converting a community isolation facility at Kai Tak into public housing. He highlighted concerns regarding the potential effects on local development and traffic congestion.
Following the government's February 2023 mandate requiring land leases to conform to the national security law, Leung remarked that genuine investors would remain unaffected, while only those driven by political agendas might withdraw. He further called for the abolition of stamp duties, arguing that such a move would maintain market stability. Nevertheless, in April 2023, Chief Executive John Lee declined proposals to lift property market cooling measures.
In February 2024, REDA publicly supported the enactment of Article 23 under the Hong Kong Basic Law, characterizing it as reflective of public consensus.
By July 2024, REDA recommended revising the housing allocation for the San Tin Technopole within the Northern Metropolis project. The association proposed shifting from a 70% public and 30% private housing distribution to an equal split of 50% each, with the objective of decreasing public housing availability.
Executive Committee membership
- Central Development (中建企業)
- Cheung Kong (Holdings)
- Chinachem Investment
- Hang Lung Properties
- Henderson Land Development
- Hongkong Land Property
- Hopewell Holdings
- Hutchison Properties
- Hysan Development
- The Great Eagle
- Lai Sun Development
- New World Development
- Shun Tak Holdings
- Sino Land
- Sun Hung Kai Properties
- Swire Properties
- Wheelock Properties
See also
- Land and the Ruling Class in Hong Kong, a publication analyzing the dominant property and utility conglomerates governing Hong Kong