Why did Lee Shau Kee’s heirs climb to No.2 on the Hong Kong rich list?

Forbes’ 2026 ranking shows the heirs rising to No.2 as family wealth reached US$34.9 billion. The gain reflects a strong rebound in Henderson Land, better investor sentiment, and the Hang Seng rally. Improving property indicators and clearer project pipelines, including activity in Central, also supported market views on large-cap developers.

How does Henderson Land’s rise connect to the Hang Seng rally?

Developers moved with the Hang Seng rally as investors re-rated asset-backed names. Henderson Land benefited from stabilising rates, firmer leasing in prime districts, and improving liquidity. As discounts to NAV narrowed, sentiment improved for quality balance sheets and recurring rental income, supporting the share advance over recent months.

What should HK investors monitor after this rich list update?

Watch Central project milestones, pre-sale permits, and leasing pre-commitments. Track monthly sales, vacancy trends, and funding costs. Compare valuation gaps to historic averages. Policy headlines can move prices, so manage position size and keep cash buffers. These checks help validate whether momentum is translating into lasting earnings support.

Is it a good time to add Hong Kong developers to a portfolio?

Consider a diversified approach first, then add developers in stages if your risk tolerance allows. Focus on low gearing, strong recurring income, and visible project timelines. Use the discount to NAV and dividend cover as guides. Be ready to reassess if sales or leasing trends weaken or rates stay high.

Global Market Insights

February 13: Lee Shau Kee Legacy Lifts Henderson Land Heirs to No.2

ByDanny Kontos February 13, 2026February 13, 2026

Lee Shau Kee is in focus after Forbes’ 2026 Hong Kong rich list showed his heirs rising to No.2 with family wealth at US$34.9 billion, about HK$272 billion. The move tracks strong gains in Henderson Land and a broader Hang Seng rally as property sentiment improves. We explain why this shift matters for Hong Kong investors, how developer catalysts like Central projects could shape flows, and what to watch next across equities and real estate in HK.