Vancouver/Li Ka-Shing/Vancouver

Toppling property hegemony: “Down, down with the property tycoons!”
 
Just this past March 26 2011, Hong Kong activists staged a protest in one of developer Li Ka-Shing’s supermarkets “because property developers, not the government, were the ‘real enemies of society’” [1]. As an act of creative civil disobedience, protesters filled shopping carts with items, then stood in line without buying anything in order to “paralyse property hegemony for an hour.” One protester said: “We chose ParknShop because it is owned by Mr. Li Ka-shing and we all know Mr. Li is the real boss of Hong Kong…We are not expecting this to change the world, or beat down Mr. Li or the property-developer hegemony. But we want to make it a start of a new satyagraha campaign. We used to protest against the government. But it is no use. We target developers because they are the boss of the government and the real enemy of the society.” Another protester, a recent university graduate, said: “Even if we want to rent a flat, the rents are beyond our reach. It is because the influence of developers is too big.”[1]
Readers may know that Li Ka-Shing’s Concord Pacific bought Vancouver’s massive Expo Lands in 1988, developed Yaletown, and still has long-term plans for 10,000 to 20,000 more high-end condos on North False Creek. Concord Pacific, now run by Terry Hui, remains a major player in Vancouver’s developer oligopoly, with most new housing inventory planned beyond 2013 in Vancouver under its control. Concord’s ‘land bank’ comprises a large portion of Vancouver’s undeveloped lands, including much of False Creek, as well as 58 West Hastings – the site of 2010′s Olympic Tent Village. Concord exerts its power over Vancouver housing prices by developing its ‘land bank’ very slowly as high-end condos. These and similar undeveloped properties and empty condos controlled by Vancouver’s oiligopolist developers (such as the Aquilini Group, Wall Financial Corp., Concert Properties, Holborn Properties, and marketing ‘coordinator’ Bob Rennie) are reasonable targets for #Occupy. So too is the mostly empty Olympic Village.
Back to our allies in Hong Kong. One week after the ParknShop protest, Hong Kong’s annual democracy march was held on July 1 2011. The march championed nine “themes.” One of those themes was: “toppling property hegemony” [2]. The Civil Human Rights Front, a coalition of 40 Hong Kong NGOs declared: “Small businesses have been forced to close because of unaffordable rents….Residents in old buildings have been harassed by developers who want to buy their homes, but [the former] have not benefited from urban redevelopment projects.” [2] The same remarks would be absolutely transferable to Vancouver. The march was 218,000 strong, according to the China Post:

People blew whistles, beat drums and banged metal cups to express their unhappiness. Many waved flags calling for universal suffrage while others chanted “Down, down with property tycoons” and called for Chief Executive Donald Tsang to step down. One of the big themes of the march, held on a public holiday marking the 14th anniversary of the handover, is the growing rich-poor divide in Hong Kong, where skyrocketing property prices have left many residences unaffordable and forced out small shopkeepers. March organizers said they wanted to protest the “hegemony” of Hong Kong’s big property developers over the market…Some protesters carried large signs depicting Tsang and billionaire Li Ka-shing, Hong Kong’s richest man whose business empire includes a major property developer [Cheung Kong Holdings], with devil horns and vampire fangs. They chanted slogans accusing the government and developers of colluding to establish a monopoly. Housing prices in Hong Kong have been driven up by ultra-low interest rates and excess liquidity, and the government has tried to cool the market by introducing measures twice since November.[3]

After a long stand-off between protestors and police, 228 people were arrested by police. [4]
One week later, on July 9 2011, activists set up a 3-day camp outside Cheung Kong Holdings’ corporate headquarters to protest “injustice and property-developer hegemony.”[5] In the local newspaper, a university professor summarized the situation, saying that “public discontent had reached a ‘critical point’” because of the affordability crisis. “Mr. Li used to be an idol of Hong Kong people. But now he becomes a symbol of so-called property hegemony…The government should be aware of the growing discontent and perhaps take a stronger stance against the developers.”
It is a mistake to for either Vancouverites or Hong Kongers to blame their inflated housing market on “foreigners.” In both city-states, the crisis is produced and managed by a development oligopoly, which uses the same tactics. We must be explicit here: it is ridiculous for Vancouver or Hong Kong to blame each other for their affordability crises. There is, in fact, not two, but one crisis. It’s time to make explicit alliances with the housing movements in Hong Kong.
If the people can fight back in New York and Hong Kong, there is no reason why we can’t do it here!
References 
[1] Ng Kang-chung and Chloe Lai. “Protesters say Li Ka-shing is city’s real boss,” South China Morning Post, Apr 9, 2011.
[2] Sunita Sue Leng. “Hong Kongers fight developer hegemony,” The Edge Singapore, Tuesday, 26 April 2011 14:54.
[3] “Hong Kong march develops tone of protest,” The China Post, Saturday Jul 2 2011.
[4] “Hundreds held at Hong Kong rally,” BBC, Jul 2 2011.
[5] Ng Kang-chung and Amy Nip. “Unhappy campers take on ‘Superman’; Activists to lay siege to Li Ka-shing’s HQ in protest against ‘property-developer hegemony,’” South China Morning Post, April 8 2011.