Sandy Li

Sandy Li

Sandy Li is the property editor. She covers property market which focus in listed property firms and government policy. During her career she has won several journalism prizes, including the Citi Journalistic Excellence Award in 2011. She was first runner-up for the same award in 2010.

Latest from Sandy Li

Centralcon’s Sha Tin project sees sales continue apace as smaller flats attract price-sensitive end users rather than investors

Sales continued apace on day two at The Arles as the developer allocated smaller flats that tend to appeal to genuine end users, who are more price-sensitive than people buying purely to invest.

Sales continued apace on day two at The Arles as the developer allocated smaller flats that tend to appeal to genuine end users, who are more price-sensitive than people buying purely to invest.

Centralcon’s Sha Tin project sees sales continue apace as smaller flats attract price-sensitive end users rather than investors
17 Oct 2021 - 11:03PM
Property investment in Asia-Pacific likely to hit record next year as economic recovery from coronavirus boosts confidence, analysts say

The region will see investment volumes grow by a third, largely driven by a re-emergence of US investment managers’ and private equity firms’ appetite for offices, according to Knight Frank.

The region will see investment volumes grow by a third, largely driven by a re-emergence of US investment managers’ and private equity firms’ appetite for offices, according to Knight Frank.

Property investment in Asia-Pacific likely to hit record next year as economic recovery from coronavirus boosts confidence, analysts say
14 Oct 2021 - 8:38AM
Watsons closes shop in Tsim Sha Tsui after 20 years in latest sign of Hong Kong retail sector’s struggle to survive coronavirus pandemic

The well-known personal health care chain is shutting its large store in one of Hong Kong’s major shopping destinations citing the lack of tourists in the last two years amid strict travel restrictions.

The well-known personal health care chain is shutting its large store in one of Hong Kong’s major shopping destinations citing the lack of tourists in the last two years amid strict travel restrictions.

Watsons closes shop in Tsim Sha Tsui after 20 years in latest sign of Hong Kong retail sector’s struggle to survive coronavirus pandemic
13 Oct 2021 - 10:54PM
CK Asset and Henderson Land set to launch housing projects in proposed Northern Metropolis

CK Asset and Henderson’s upcoming projects in Hung Shui Kui and Fanling, which are part of the proposed Northern Metropolis, will provide close to 2,000 units.

CK Asset and Henderson’s upcoming projects in Hung Shui Kui and Fanling, which are part of the proposed Northern Metropolis, will provide close to 2,000 units.

CK Asset and Henderson Land set to launch housing projects in proposed Northern Metropolis
13 Oct 2021 - 8:52AM
Evergrande: default alarms put thousands of suppliers, jobs and economy at risk as developer’s IOUs balloon

Evergrande owed more than US$103 billion to its suppliers across construction, furnishings and materials sectors at the end of June. A collapse would put many out of business and jobs.

Evergrande owed more than US$103 billion to its suppliers across construction, furnishings and materials sectors at the end of June. A collapse would put many out of business and jobs.

Evergrande: default alarms put thousands of suppliers, jobs and economy at risk as developer’s IOUs balloon
9 Oct 2021 - 9:10PM
Hong Kong’s ‘big four’ developers stand to win big from government’s proposed Northern Metropolis

Hong Kong developers sitting on massive holdings of farmland to be the biggest winners of the government’s latest proposal to develop the Northern Metropolis bordering Shenzhen.

Hong Kong developers sitting on massive holdings of farmland to be the biggest winners of the government’s latest proposal to develop the Northern Metropolis bordering Shenzhen.

Hong Kong’s ‘big four’ developers stand to win big from government’s proposed Northern Metropolis
7 Oct 2021 - 10:51PM
Evergrande: crisis infects Hong Kong market as Midland, Centaline property agencies seek to recover sales commissions

Two Hong Kong property agencies sued the Chinese developer for unpaid commissions related to sales of units at the Emerald Bay and The Vertex projects in the city.

Two Hong Kong property agencies sued the Chinese developer for unpaid commissions related to sales of units at the Emerald Bay and The Vertex projects in the city.

Evergrande: crisis infects Hong Kong market as Midland, Centaline property agencies seek to recover sales commissions
5 Oct 2021 - 11:33PM
Hong Kong’s retail landlords bank on emerging concepts like art exhibitions, delivery-only kitchens to lease vacant shops

Hong Kong’s retail landscape is undergoing a massive change, as art exhibitors and delivery-only kitchens help landlords fill up empty space in the city.

Hong Kong’s retail landscape is undergoing a massive change, as art exhibitors and delivery-only kitchens help landlords fill up empty space in the city.

Hong Kong’s retail landlords bank on emerging concepts like art exhibitions, delivery-only kitchens to lease vacant shops
5 Oct 2021 - 7:01PM
Hong Kong keeps third-quarter land supply steady as focus shifts to Carrie Lam’s October 6 plan to ease city’s housing shortage

The unchanged policy focuses the spotlight on Chief Executive Carrie Lam Cheng Yuet-ngor when she is widely expected to deliver a blueprint to boost land supply and alleviate housing shortage in her final policy address on October 6.

The unchanged policy focuses the spotlight on Chief Executive Carrie Lam Cheng Yuet-ngor when she is widely expected to deliver a blueprint to boost land supply and alleviate housing shortage in her final policy address on October 6.

Hong Kong keeps third-quarter land supply steady as focus shifts to Carrie Lam’s October 6 plan to ease city’s housing shortage
4 Oct 2021 - 2:32PM
Hong Kong’s New World Development launches non-profit that will seek innovative solutions to city’s housing issues

The enterprise, New World Build for Good, will conduct research in multiple directions and lead future pilot programmes as it seeks short to medium-term solutions, as well as long-term strategies, that will allow Hongkongers to own their own flats.

The enterprise, New World Build for Good, will conduct research in multiple directions and lead future pilot programmes as it seeks short to medium-term solutions, as well as long-term strategies, that will allow Hongkongers to own their own flats.

Hong Kong’s New World Development launches non-profit that will seek innovative solutions to city’s housing issues
29 Sep 2021 - 10:47PM
Shenzhen sells 21 of the 22 plots in city’s second land sale this year, fetching the government US$7 billion

The land sale in Shenzhen was a resounding success compared to Guangzhou, where less than half of the 48 sites were sold during the two-day sale that ended on Monday.

The land sale in Shenzhen was a resounding success compared to Guangzhou, where less than half of the 48 sites were sold during the two-day sale that ended on Monday.

Shenzhen sells 21 of the 22 plots in city’s second land sale this year, fetching the government US$7 billion
29 Sep 2021 - 10:47PM
Sunac shares see-saw over its Shaoxing unit’s struggle to collect US$619 million in sales proceeds

Sunac’s shares jumped by as much as 20 per cent on the Hong Kong exchange to as much as HK$15.58, their biggest intraday leap ever, reversing two days of declines.

Sunac’s shares jumped by as much as 20 per cent on the Hong Kong exchange to as much as HK$15.58, their biggest intraday leap ever, reversing two days of declines.

Sunac shares see-saw over its Shaoxing unit’s struggle to collect US$619 million in sales proceeds
28 Sep 2021 - 12:52PM
Chinese Estates cuts losses, heads for exit after 12 years as Evergrande’s biggest ally and second-largest shareholder

The disposal and possible exit by Chinese Estates, founded by the Hong Kong magnate Joseph Lau Luen-hung, is a significant bookmark in its ties with Evergrande’s chairman Hui Ka-yan, a relationship that spanned more than a decade.

The disposal and possible exit by Chinese Estates, founded by the Hong Kong magnate Joseph Lau Luen-hung, is a significant bookmark in its ties with Evergrande’s chairman Hui Ka-yan, a relationship that spanned more than a decade.

Chinese Estates cuts losses, heads for exit after 12 years as Evergrande’s biggest ally and second-largest shareholder
4 Oct 2021 - 7:31PM
Sun Hung Kai, Wheelock among developers rushing to build small flats as Hong Kong home prices approach all-time high

Developers are likely to take advantage of rising prices in the city to launch small flats as affordability becomes a concern, analyst says.

Developers are likely to take advantage of rising prices in the city to launch small flats as affordability becomes a concern, analyst says.

Sun Hung Kai, Wheelock among developers rushing to build small flats as Hong Kong home prices approach all-time high
24 Sep 2021 - 11:01PM
Wheelock says its proposal to build homes under the land sharing scheme is a ‘win-win’ solution for all

Private flats to be built under the Land Sharing Pilot Scheme will not necessarily cost more and is a ‘win-win’ solution for all stakeholders, managing director Ricky Wong says.

Private flats to be built under the Land Sharing Pilot Scheme will not necessarily cost more and is a ‘win-win’ solution for all stakeholders, managing director Ricky Wong says.

Wheelock says its proposal to build homes under the land sharing scheme is a ‘win-win’ solution for all
21 Sep 2021 - 7:48PM
Hong Kong developers plunged into turmoil amid concerns Beijing targeting property firms, six firms lose US$11 billion in market value

Hong Kong’s property developers have been left reeling after a sell-off purportedly attributed to the Chinese government’s injunctions for them to serve the national interest drained 6.7 per cent from a gauge that tracks the city’s real estate stocks.

Hong Kong’s property developers have been left reeling after a sell-off purportedly attributed to the Chinese government’s injunctions for them to serve the national interest drained 6.7 per cent from a gauge that tracks the city’s real estate stocks.

Hong Kong developers plunged into turmoil amid concerns Beijing targeting property firms, six firms lose US$11 billion in market value
20 Sep 2021 - 11:32PM
China’s home-price growth weakens to eight-month low on cooling measures while Evergrande’s struggles keep buyers away

The average price of new homes across 70 major cities rose 0.2 per cent month on month in August, the slowest since February’s 0.4 per cent gain, official data shows.

The average price of new homes across 70 major cities rose 0.2 per cent month on month in August, the slowest since February’s 0.4 per cent gain, official data shows.

China’s home-price growth weakens to eight-month low on cooling measures while Evergrande’s struggles keep buyers away
15 Sep 2021 - 11:00PM
Companies find falling rents in Central hard to resist as they lap up office space in Hong Kong’s main business district

Rents in Central have fallen by 26.4 per cent from their peak in the second quarter of 2019, providing an incentive for some firms to return to the main business district.

Rents in Central have fallen by 26.4 per cent from their peak in the second quarter of 2019, providing an incentive for some firms to return to the main business district.

Companies find falling rents in Central hard to resist as they lap up office space in Hong Kong’s main business district
15 Sep 2021 - 6:42AM
Hong Kong bans Pan Sutong from pre-selling Grand Homm flats in Ho Man Tin amid concern over developer’s cash crunch

The ban, the first exercise of the local authority’s mandate since presale consent was granted in 2013, marked an unprecedented step to deter unfinished residential projects from blighting the cityscape.

The ban, the first exercise of the local authority’s mandate since presale consent was granted in 2013, marked an unprecedented step to deter unfinished residential projects from blighting the cityscape.

Hong Kong bans Pan Sutong from pre-selling Grand Homm flats in Ho Man Tin amid concern over developer’s cash crunch
7 Sep 2021 - 11:24PM
Worst is over for Hong Kong’s luxury home rental sector as local demand fills flats vacated by expats, says SHKP unit

Local tenants have taken advantage of tumbling rents to upgrade to better quality projects amid a dearth of expats, according to the luxury residential leasing arm of Sun Hung Kai Properties.

Local tenants have taken advantage of tumbling rents to upgrade to better quality projects amid a dearth of expats, according to the luxury residential leasing arm of Sun Hung Kai Properties.

Worst is over for Hong Kong’s luxury home rental sector as local demand fills flats vacated by expats, says SHKP unit
7 Sep 2021 - 6:33PM
Chinese developers to focus on debt reduction until 2023 to meet ‘three red lines’ deadline

Debt reduction will be the main goal for Chinese property firms as regulators have set a deadline of 2023 for developers to meet the ‘three red lines’ thresholds, say analysts.

Debt reduction will be the main goal for Chinese property firms as regulators have set a deadline of 2023 for developers to meet the ‘three red lines’ thresholds, say analysts.

Chinese developers to focus on debt reduction until 2023 to meet ‘three red lines’ deadline
30 Aug 2021 - 6:30AM
Hong Kong developer New World Development’s China unit will invest US$732 million in Guangzhou urban renewal project

New World China Land (NWC), the mainland Chinese property unit of Hong Kong developer New World Development, said it has secured the rights for an urban renewal project in the heart of Guangzhou.

New World China Land (NWC), the mainland Chinese property unit of Hong Kong developer New World Development, said it has secured the rights for an urban renewal project in the heart of Guangzhou.

Hong Kong developer New World Development’s China unit will invest US$732 million in Guangzhou urban renewal project
25 Aug 2021 - 11:05PM
Hong Kong developer Henderson Land says will increase supply of flats after strong showing in first half of 2021

Henderson Land Development, the city’s third-largest developer by market value, said it will increase the number of flats it sells in the second half of this year after reporting a significant jump in core profit for the first half.

Henderson Land Development, the city’s third-largest developer by market value, said it will increase the number of flats it sells in the second half of this year after reporting a significant jump in core profit for the first half.

Hong Kong developer Henderson Land says will increase supply of flats after strong showing in first half of 2021
23 Aug 2021 - 11:08PM
HNA’s creditors put former chairman’s US$56 million Hong Kong penthouse up for sale in one of city’s biggest foreclosures

The flat was previously owned by Billion Able, which had HNA chairman Chen Feng as its director. The firm bought it in 2015 for US$55.6 million.

The flat was previously owned by Billion Able, which had HNA chairman Chen Feng as its director. The firm bought it in 2015 for US$55.6 million.

HNA’s creditors put former chairman’s US$56 million Hong Kong penthouse up for sale in one of city’s biggest foreclosures
19 Aug 2021 - 9:49PM
How this Hong Kong developer is blending old and new to produce modern buildings

Lofter founder says her investors are very concerned about projects that prioritise ESG.

Lofter founder says her investors are very concerned about projects that prioritise ESG.

How this Hong Kong developer is blending old and new to produce modern buildings
18 Aug 2021 - 1:55PM
Derelict buildings on prime site in Causeway Bay may finally be in line for redevelopment as two families sell their minority stake for up to HK$1.8 billion

A 20 per cent share of the plot in one of the Hong Kong’s busiest shopping districts will be put up for tender, potentially netting the two owners HK$1.8 billion (US$231 million).

A 20 per cent share of the plot in one of the Hong Kong’s busiest shopping districts will be put up for tender, potentially netting the two owners HK$1.8 billion (US$231 million).

Derelict buildings on prime site in Causeway Bay may finally be in line for redevelopment as two families sell their minority stake for up to HK$1.8 billion
17 Aug 2021 - 7:30AM
Hong Kong’s lived-in home prices hit new high as economy rebounds from social unrest, coronavirus, according to Centaline Property index

The Centa-City Leading Index hit 191.34 in the first week of August, marginally higher than the high of 190.48 in June 2019 when civil unrest first broke out in Hong Kong.

The Centa-City Leading Index hit 191.34 in the first week of August, marginally higher than the high of 190.48 in June 2019 when civil unrest first broke out in Hong Kong.

Hong Kong’s lived-in home prices hit new high as economy rebounds from social unrest, coronavirus, according to Centaline Property index
14 Aug 2021 - 9:00AM
Hong Kong’s housing crisis: how much of the blame for homes crunch lies with city’s property developers?

In a city facing a housing crisis where demand hugely outstrips supply, thousands of completed flats remain unsold in Tai Po.

In a city facing a housing crisis where demand hugely outstrips supply, thousands of completed flats remain unsold in Tai Po.

Hong Kong’s housing crisis: how much of the blame for homes crunch lies with city’s property developers?
13 Aug 2021 - 2:33PM
Swire’s flagships post strong interim results, capping family scion’s helmsmanship of Hong Kong units through rough times

Swire Pacific declared an interim dividend of HK$1 per share while Swire Properties raised its six-month payout to 31 Hong Kong cents per share.

Swire Pacific declared an interim dividend of HK$1 per share while Swire Properties raised its six-month payout to 31 Hong Kong cents per share.

Swire’s flagships post strong interim results, capping family scion’s helmsmanship of Hong Kong units through rough times
12 Aug 2021 - 10:25PM
Alibaba affiliate Ant Group pays US$202 million for second plot of land in its hometown of Hangzhou

The land in Hangzhou’s Zhijiang National Tourist Resort Area can yield a total gross floor area of 325,795 square metres.

The land in Hangzhou’s Zhijiang National Tourist Resort Area can yield a total gross floor area of 325,795 square metres.

Alibaba affiliate Ant Group pays US$202 million for second plot of land in its hometown of Hangzhou
11 Aug 2021 - 10:57PM