Peggy Sito

Peggy Sito is the deputy business editor at the Post. She was previously editor on the property desk and has won various news awards from the Hong Kong Consumer Council, the Newspaper Society of Hong Kong and the Society of Publishers in Asia.
Peggy Sito
Peggy Sito is the deputy business editor at the Post. She was previously editor on the property desk and has won various news awards from the Hong Kong Consumer Council, the Newspaper Society of Hong Kong and the Society of Publishers in Asia.

Latest from Peggy Sito

Chinese aircraft leasing firm hits pause on US$5.8 billion Boeing 737 MAX order as it awaits assurance on jet’s safety

Hong Kong-listed China Aircraft Leasing Group Holdings has 75 Boeing MAX jets on firm order with an option for 25 more.

9 Apr 2019 - 9:34AM

Hong Kong-listed China Aircraft Leasing Group Holdings has 75 Boeing MAX jets on firm order with an option for 25 more.

Chinese aircraft leasing firm hits pause on US$5.8 billion Boeing 737 MAX order as it awaits assurance on jet’s safety
Prepare for a looming buyers’ market in global assets, says Chinese firm seeking to boost foreign holdings

China Everbright CEO says his goal is to turn the state-owned investment firm into ‘China’s Blackstone’ by increasing overseas assets to half of its total.

8 Apr 2019 - 10:52AM

China Everbright CEO says his goal is to turn the state-owned investment firm into ‘China’s Blackstone’ by increasing overseas assets to half of its total.

Prepare for a looming buyers’ market in global assets, says Chinese firm seeking to boost foreign holdings
The US is ready for this super cheap urban mobility solution, says Chinese electric scooter maker

Niu Technologies believes America will embrace its urban electric runabouts as an alternative transport solution

3 Apr 2019 - 9:49PM

Niu Technologies believes America will embrace its urban electric runabouts as an alternative transport solution

The US is ready for this super cheap urban mobility solution, says Chinese electric scooter maker
CK Asset is no longer a pure property company, a year after Victor Li takes over the flagship firm from ‘Superman’ dad

CK Asset Holdings has amassed a war chest of HK$60 billion for acquisitions, having spent HK$100 billion in 2017 and 2018 buying assets.

3 Apr 2019 - 9:49PM

CK Asset Holdings has amassed a war chest of HK$60 billion for acquisitions, having spent HK$100 billion in 2017 and 2018 buying assets.

CK Asset is no longer a pure property company, a year after Victor Li takes over the flagship firm from ‘Superman’ dad
Lee Shau-kee, Hong Kong’s second-richest man, says he is mulling retirement to hand the reins of Henderson Land to his two sons

Lee Shau-kee said he is considering a retirement plan after Henderson Land’s annual general meeting on May 28

20 Mar 2019 - 11:31PM

Lee Shau-kee said he is considering a retirement plan after Henderson Land’s annual general meeting on May 28

Lee Shau-kee, Hong Kong’s second-richest man, says he is mulling retirement to hand the reins of Henderson Land to his two sons
Fosun to open Club Med ski resort near Beijing to capture China’s new-found love for snow sports leading to 2022 Winter Olympics

The new resort will be located near Beijing, where several retreats are already operating in the Chongli district, about three hours’ drive from the capital

18 Mar 2019 - 10:46PM

The new resort will be located near Beijing, where several retreats are already operating in the Chongli district, about three hours’ drive from the capital

Fosun to open Club Med ski resort near Beijing to capture China’s new-found love for snow sports leading to 2022 Winter Olympics
Aviation regulators of China, elsewhere ordered Boeing’s 737 MAX 8 to stop flying after second crash of the model in five months

Civil aviation regulators of British Cayman Islands, China, Ethiopia and Indonesia ordered domestic carriers to stop flying Boeing’s 737 MAX 8 aircraft pending investigations

12 Mar 2019 - 12:49PM

Civil aviation regulators of British Cayman Islands, China, Ethiopia and Indonesia ordered domestic carriers to stop flying Boeing’s 737 MAX 8 aircraft pending investigations

Aviation regulators of China, elsewhere ordered Boeing’s 737 MAX 8 to stop flying after second crash of the model in five months
Former Hong Kong financial secretary’s firm competes with Fosun-backed hospital operator in Greater Bay Area

New Frontier, an investment company co-founded by former Hong Kong finance minster Antony Leung Kam-chung, is competing with international health care providers in “Greater Bay Area”.

8 Feb 2019 - 10:55PM

New Frontier, an investment company co-founded by former Hong Kong finance minster Antony Leung Kam-chung, is competing with international health care providers in “Greater Bay Area”.

Former Hong Kong financial secretary’s firm competes with Fosun-backed hospital operator in Greater Bay Area
HNA will sell its last Kai Tak parcel to Wheelock at a HK$550 million loss

This the fourth plot at the former Kai Tak airport to be sold by the once high-flying global buyer HNA.

1 Feb 2019 - 10:57PM

This the fourth plot at the former Kai Tak airport to be sold by the once high-flying global buyer HNA.

HNA will sell its last Kai Tak parcel to Wheelock at a HK$550 million loss
Hong Kong’s struggling pay TV provider, iCable, enters China through deal with Guangdong CableTV Network in bid to revive fortunes

The new agreement would allow the loss-making pay TV operator to reach 14 million mainland residents in southern China

16 Jan 2019 - 9:28PM

The new agreement would allow the loss-making pay TV operator to reach 14 million mainland residents in southern China

Hong Kong’s struggling pay TV provider, iCable, enters China through deal with Guangdong CableTV Network in bid to revive fortunes
Debt-saddled HNA Group sued for HK$8.3 million in costs relating to surrender of Hong Kong office space

The debt is the costs allegedly incurred by HNA when it surrendered office space in Central to cut costs, according to two sources close to the matter.

10 Jan 2019 - 8:21AM

The debt is the costs allegedly incurred by HNA when it surrendered office space in Central to cut costs, according to two sources close to the matter.

Debt-saddled HNA Group sued for HK$8.3 million in costs relating to surrender of Hong Kong office space
Hong Kong’s office landlords raise creditworthiness requirements as more commercial tenants walk away from leases

Several office owners are doubling, in some cases tripling, the money they require as security deposit, particularly for tenants who are unknown to them.

10 Jan 2019 - 1:51PM

Several office owners are doubling, in some cases tripling, the money they require as security deposit, particularly for tenants who are unknown to them.

Hong Kong’s office landlords raise creditworthiness requirements as more commercial tenants walk away from leases
Debt-laden conglomerate HNA sells space in Shanghai tower to Singapore’s CapitaLand for US$400 million

CapitaLand and a joint venture partner will own levels 8 to 19 and 21 to 32 of the 34-storey Pufa Tower, as well as 61 car parks, as part of the deal.

7 Jan 2019 - 10:50PM

CapitaLand and a joint venture partner will own levels 8 to 19 and 21 to 32 of the 34-storey Pufa Tower, as well as 61 car parks, as part of the deal.

Debt-laden conglomerate HNA sells space in Shanghai tower to Singapore’s CapitaLand for US$400 million
Blackstone buys Shanghai office and mall project from Singapore’s Mapletree Investments for US$1.25 billion

Acquisition is the latest in a series of investments by overseas buyers.

21 Dec 2018 - 2:01PM

Acquisition is the latest in a series of investments by overseas buyers.

Blackstone buys Shanghai office and mall project from Singapore’s Mapletree Investments for US$1.25 billion
Canada Goose delays opening its first China flagship store amid tension over Canada’s role in the arrest of Huawei CFO Sabrina Meng Wanzhou

The postponement of the flagship store comes as Canada Goose has emerged as one of the highest-profile business casualties in the diplomatic flare-up between China and Canada.

14 Dec 2018 - 11:01PM

The postponement of the flagship store comes as Canada Goose has emerged as one of the highest-profile business casualties in the diplomatic flare-up between China and Canada.

Canada Goose delays opening its first China flagship store amid tension over Canada’s role in the arrest of Huawei CFO Sabrina Meng Wanzhou
Link Reit sells a dozen suburban Hong Kong malls to consortium led by Gaw Capital for US$1.53 billion

The sale includes suburban shopping centres in Ap Lei Chau, Sha Tin and Tuen Mun

12 Dec 2018 - 10:58PM

The sale includes suburban shopping centres in Ap Lei Chau, Sha Tin and Tuen Mun

Link Reit sells a dozen suburban Hong Kong malls to consortium led by Gaw Capital for US$1.53 billion
Gaw Capital ready to sell Beijing complex, sources say, in what would be the biggest property deal in China’s capital city this year

Big deal underscores that prime areas of Beijing are still hotly pursued trophies by international and domestic investors, despite China’s slowing economy and tight funding conditions.

7 Dec 2018 - 10:56PM

Big deal underscores that prime areas of Beijing are still hotly pursued trophies by international and domestic investors, despite China’s slowing economy and tight funding conditions.

Gaw Capital ready to sell Beijing complex, sources say, in what would be the biggest property deal in China’s capital city this year
China property: how the world’s biggest housing market emerged

In just 40 years of rethinking private home ownership, China is now the world’s biggest housing market. But soaring prices have many Chinese – especially young adults – fearing they may never step onto the property ladder.

4 Dec 2018 - 9:52PM

In just 40 years of rethinking private home ownership, China is now the world’s biggest housing market. But soaring prices have many Chinese – especially young adults – fearing they may never step onto the property ladder.

China property: how the world’s biggest housing market emerged
Club Med’s owner Fosun has a strategy to help everyone live until 121 years old: technology

Fosun will put 100 billion yuan of its war chest to work over the next few years to acquire technology companies that can augment its health care business

22 Nov 2018 - 10:59PM

Fosun will put 100 billion yuan of its war chest to work over the next few years to acquire technology companies that can augment its health care business

Club Med’s owner Fosun has a strategy to help everyone live until 121 years old: technology
iPhone glass supplier Biel Crystal postpones US$1.5 billion Hong Kong listing amid market rout

Biel Crystal Manufactory said it will hold off on its US$1.5 billion Hong Kong initial public offering amid the current downbeat market conditions

19 Nov 2018 - 9:35AM

Biel Crystal Manufactory said it will hold off on its US$1.5 billion Hong Kong initial public offering amid the current downbeat market conditions

iPhone glass supplier Biel Crystal postpones US$1.5 billion Hong Kong listing amid market rout
China-based supplier of Apple screens Biel denies it has laid off thousands of workers

A spokesman for Biel, the world’s dominant producer of glass screens, said the ‘protest’ photos actually showed employees arriving at work, and while some temporary workers’ contracts had ended, they had been offered permanent positions.

20 Nov 2018 - 3:12PM

A spokesman for Biel, the world’s dominant producer of glass screens, said the ‘protest’ photos actually showed employees arriving at work, and while some temporary workers’ contracts had ended, they had been offered permanent positions.

China-based supplier of Apple screens Biel denies it has laid off thousands of workers
Fosun’s founder adds his voice to calm jittery nerves among China’s private-sector entrepreneurs

The boss of one of China’s largest private-sector conglomerate says reforms take some time to be implemented.

20 Nov 2018 - 3:13PM

The boss of one of China’s largest private-sector conglomerate says reforms take some time to be implemented.

Fosun’s founder adds his voice to calm jittery nerves among China’s private-sector entrepreneurs
Causeway Bay’s Russell Street trumps 5th Avenue in New York as the world’s most expensive retail rental market

Russell Street in Hong Kong’s Causeway Bay district has replaced New York’s Upper 5th Avenue as the world’s most expensive retail street by rental value, a new survey says.

17 Nov 2018 - 5:25AM

Russell Street in Hong Kong’s Causeway Bay district has replaced New York’s Upper 5th Avenue as the world’s most expensive retail street by rental value, a new survey says.

Causeway Bay’s Russell Street trumps 5th Avenue in New York as the world’s most expensive retail rental market
Citic unit in race with GIC, TPG to buy Singapore smart card maker Jing King, as deal making shifts to Southeast Asia

Citic unit, GIC and TPG are in a race to buy a 60 per cent stake in Singapore’s smart card maker Jing King Tech Group from RRJ Capital.

13 Nov 2018 - 11:02PM

Citic unit, GIC and TPG are in a race to buy a 60 per cent stake in Singapore’s smart card maker Jing King Tech Group from RRJ Capital.

Citic unit in race with GIC, TPG to buy Singapore smart card maker Jing King, as deal making shifts to Southeast Asia
Winter is coming for China’s private equity as market rout slashes start-up firms’ valuations
Super rich investors who bought The Center finding it tough to sell floors amid property downturn

A downturn in Hong Kong’s property market is being felt even by billionaire investors.

31 Oct 2018 - 2:29PM

A downturn in Hong Kong’s property market is being felt even by billionaire investors.

Super rich investors who bought The Center finding it tough to sell floors amid property downturn
Victor Li’s CK Asset wants to help ease Hong Kong’s housing crisis by squeezing more flats into its projects

Property giant has applied to include more flats in its residential project in northern part of Hong Kong’s New Territories

26 Oct 2018 - 7:32PM

Property giant has applied to include more flats in its residential project in northern part of Hong Kong’s New Territories

Victor Li’s CK Asset wants to help ease Hong Kong’s housing crisis by squeezing more flats into its projects
Hong Kong private equity firm GAW Capital in talks to fund Chinese buyer’s HK$15 billion tower deal
Hong Kong’s iconic Excelsior hotel to shut in March 2019 for redevelopment into offices
Office rents in Hong Kong’s Central, the most expensive in the world, will only go up even amid exodus, says district’s biggest landlord

Executive director for commercial property at Hongkong Land insists city’s flagship office location will remain world’s most expensive.

3 Oct 2018 - 9:23AM

Executive director for commercial property at Hongkong Land insists city’s flagship office location will remain world’s most expensive.

Office rents in Hong Kong’s Central, the most expensive in the world, will only go up even amid exodus, says district’s biggest landlord