Peggy Sito

Peggy 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 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

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
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”.

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
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.

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
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

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
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.

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
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.

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
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.

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
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.

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
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.

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
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

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
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.

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
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.

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
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

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
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

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
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.

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
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.

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
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.

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 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.

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
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.

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
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

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
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.

Taller, higher-density towers are the answer to Hong Kong’s property crisis, say developers and industry groups

It’s already known for its imposing, tightly packed skyscrapers. But the answer to the chronic shortage of housing and commercial property in Hong Kong may be taller buildings of even higher density, according to developers and industry groups.

29 Sep 2018 - 2:36PM
Taller, higher-density towers are the answer to Hong Kong’s property crisis, say developers and industry groups

It’s already known for its imposing, tightly packed skyscrapers. But the answer to the chronic shortage of housing and commercial property in Hong Kong may be taller buildings of even higher density, according to developers and industry groups.

Swire Properties has a bold vision that anticipates the continuing rise of Shenzhen
Warburg Pincus-backed Shanghai real estate firm eyes slice of co-working market as demand rises in Hong Kong
Clock’s ticking for China’s emerging electric car start-ups to raise capital as Nio goes public in the US

Competition intensifies as Beijing’s subsidy policy tightens and foreign car makers entice buyers away from domestic marques

13 Sep 2018 - 10:40AM
Clock’s ticking for China’s emerging electric car start-ups to raise capital as Nio goes public in the US

Competition intensifies as Beijing’s subsidy policy tightens and foreign car makers entice buyers away from domestic marques

Souring sentiment snares buyers of world’s costliest office tower

A decision by buyers of The Center to use bonds to finance the US$5.2 billion deal could backfire.

29 Sep 2018 - 2:36PM
Souring sentiment snares buyers of world’s costliest office tower

A decision by buyers of The Center to use bonds to finance the US$5.2 billion deal could backfire.

Ping An Good Doctor to expand medical services platform in Southeast Asia this year

The company will give users in the region access to artificial intelligence-assisted online medical consultations, medicine delivery and appointment bookings

21 Aug 2018 - 7:17PM
Ping An Good Doctor to expand medical services platform in Southeast Asia this year

The company will give users in the region access to artificial intelligence-assisted online medical consultations, medicine delivery and appointment bookings

Factories shift out of China to avoid trade war, boosting volume for logistics firms like Kerry

Kerry Logistics Network, owned by Malaysian billionaire Robert Kuok, has benefited from trade war shake-ups at Asian firms.

29 Sep 2018 - 2:36PM
Factories shift out of China to avoid trade war, boosting volume for logistics firms like Kerry

Kerry Logistics Network, owned by Malaysian billionaire Robert Kuok, has benefited from trade war shake-ups at Asian firms.