The heir to the biggest real estate agency in property-mad Hong Kong doesn’t own a house.
Li Ka-shing, the city’s richest man, last year handed the reins to son Victor while billionaire Lee Shau Kee said he was considering retiring from Henderson Land Development Co and putting his two sons in charge. Shih took over running Centaline, which handles two out of every five property transactions in Hong Kong, at the start of this year when he was named vice-chairman.
But Hong Kong’s property market has since rebounded, and Shih is looking to modernise the agency. He oversaw the introduction of virtual-reality house viewing in 2017 and more recently a blockchain platform to streamline sales and rental agreements.
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