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.
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

Hong Kong developers urge government to defer roll out of vacancy tax as they fear it will intensify market slowdown

The introduction of the vacancy tax at the moment certainly will add fuel to the fire, the Real Estate Developers Association of Hong Kong said on Friday.

13 Sep 2019 - 11:00PM

The introduction of the vacancy tax at the moment certainly will add fuel to the fire, the Real Estate Developers Association of Hong Kong said on Friday.

Hong Kong developers urge government to defer roll out of vacancy tax as they fear it will intensify market slowdown
With Prada out, can Hong Kong’s Russell Street outshine Fifth Avenue or Champs-Élysées as the world’s costliest retail strip?

Market observers expect overall rents in Russell Street to fall by up to 30 per cent as social unrest has dampened the overall spending mood, particularly for luxury goods.

11 Sep 2019 - 12:00PM

Market observers expect overall rents in Russell Street to fall by up to 30 per cent as social unrest has dampened the overall spending mood, particularly for luxury goods.

With Prada out, can Hong Kong’s Russell Street outshine Fifth Avenue or Champs-Élysées as the world’s costliest retail strip?
Hong Kong developers looking to build on farmland, sites of old buildings as government reduces land available for private flats

The push to look for options to build on comes as the city government is slowing down the amount of land it is making available for developers to buy for private residential projects.

10 Sep 2019 - 5:57PM

The push to look for options to build on comes as the city government is slowing down the amount of land it is making available for developers to buy for private residential projects.

Hong Kong developers looking to build on farmland, sites of old buildings as government reduces land available for private flats
Sales flop at residential project in Tuen Mun – the latest worrying sign of pressure on property market amid protests

Only 19 per cent of units put up for sale at Wing Tai Properties’ Oma Oma development in Tuen Mun sold on Sunday, sources said, as sentiment about the market sours.

9 Sep 2019 - 12:13PM

Only 19 per cent of units put up for sale at Wing Tai Properties’ Oma Oma development in Tuen Mun sold on Sunday, sources said, as sentiment about the market sours.

Sales flop at residential project in Tuen Mun – the latest worrying sign of pressure on property market amid protests
Extradition bill’s withdrawal ‘is first step’ in getting Hong Kong back to business

From real estate to manufacturing, city’s battered commerce sector welcomes Carrie Lam’s announcement after three months of crisis.

5 Sep 2019 - 12:23AM

From real estate to manufacturing, city’s battered commerce sector welcomes Carrie Lam’s announcement after three months of crisis.

Extradition bill’s withdrawal ‘is first step’ in getting Hong Kong back to business
Citic launches new project in Ma On Shan at 20 per cent below rivals as home sales halve since protests began

Citic launched its The Entrance project in Ma On Shan at 20 per cent below the price of similar properties as builders are forced to woo nervous buyers

3 Sep 2019 - 11:04PM

Citic launched its The Entrance project in Ma On Shan at 20 per cent below the price of similar properties as builders are forced to woo nervous buyers

Citic launches new project in Ma On Shan at 20 per cent below rivals as home sales halve since protests began
Wheelock reports brisk sales of Marini flats as developer shifts property launch to avoid Hong Kong’s protest-filled weekends
Sun Hung Kai picks Shenzhen expert to spearhead developer’s growth strategy in southern China’s Greater Bay Area

Sun Hung Kai Properties has, with an eye on expansion in the “Greater Bay Area”, appointed Wu Xiangdong, a former executive director of state-owned developer China Resources Land, to its board effective September 1.

29 Aug 2019 - 10:22PM

Sun Hung Kai Properties has, with an eye on expansion in the “Greater Bay Area”, appointed Wu Xiangdong, a former executive director of state-owned developer China Resources Land, to its board effective September 1.

Sun Hung Kai picks Shenzhen expert to spearhead developer’s growth strategy in southern China’s Greater Bay Area
Hong Kong protests 2019 vs Occupy Central: after 79 days, retailers, investors, developers hit far worse by this year’s demonstrations

On Monday, the current protests reached the 79-day mark at which time the earlier pro-democracy effort ended. The deeper damage to business could not be clearer.

2 Sep 2019 - 10:44AM

On Monday, the current protests reached the 79-day mark at which time the earlier pro-democracy effort ended. The deeper damage to business could not be clearer.

Hong Kong protests 2019 vs Occupy Central: after 79 days, retailers, investors, developers hit far worse by this year’s demonstrations
Hong Kong developer Wheelock cuts price of new project, sparks fears of faster-than-expected correction in property market

Hong Kong developer Wheelock Properties has sparked fears of a faster-than-expected correction in the world’s most expensive property market by pricing a new project 8 per cent below properties sold in the area just two months ago.

23 Aug 2019 - 6:30AM

Hong Kong developer Wheelock Properties has sparked fears of a faster-than-expected correction in the world’s most expensive property market by pricing a new project 8 per cent below properties sold in the area just two months ago.

Hong Kong developer Wheelock cuts price of new project, sparks fears of faster-than-expected correction in property market
Henderson posts second straight drop in interim revenue, as one of Hong Kong’s largest developers falls victim to real estate slump

The drastic decline underscores how Hong Kong’s stumbling property market is biting some of the city’s biggest developers and wealthiest tycoons, as a year-long trade war combined with more than two months of social unrest into a toxic mix that deterred many property buyers from making long-term capital commitments.

21 Aug 2019 - 10:59PM

The drastic decline underscores how Hong Kong’s stumbling property market is biting some of the city’s biggest developers and wealthiest tycoons, as a year-long trade war combined with more than two months of social unrest into a toxic mix that deterred many property buyers from making long-term capital commitments.

Henderson posts second straight drop in interim revenue, as one of Hong Kong’s largest developers falls victim to real estate slump
Causeway Bay retail landlord offers to cut rent by 44 per cent as Prada closes flagship store next year amid dwindling foot traffic

The shrinking of Prada’s Hong Kong real estate footprint, after the 2016 closure of its boutique at the Peninsula hotel shopping centre, is the latest sign of bricks-and-mortar retailers falling victim to e-commerce and online shopping sites.

19 Aug 2019 - 8:30AM

The shrinking of Prada’s Hong Kong real estate footprint, after the 2016 closure of its boutique at the Peninsula hotel shopping centre, is the latest sign of bricks-and-mortar retailers falling victim to e-commerce and online shopping sites.

Causeway Bay retail landlord offers to cut rent by 44 per cent as Prada closes flagship store next year amid dwindling foot traffic
CK Asset postpones sale of luxury flats estimated to cost more than US$12.7 million citing social turmoil

CK Asset’s executive director Justin Chiu Kwok-hung said that the developer would find it tough to sell the luxury residential project in Hong Kong’s upmarket Mid-Levels district

14 Aug 2019 - 8:15AM

CK Asset’s executive director Justin Chiu Kwok-hung said that the developer would find it tough to sell the luxury residential project in Hong Kong’s upmarket Mid-Levels district

CK Asset postpones sale of luxury flats estimated to cost more than US$12.7 million citing social turmoil
Higher deposit for land sales will add pressure on small firms, tightening the big developers’ grip on Hong Kong’s land supply

The new rules could put Hong Kong’s biggest and best capitalised developers at an advantage, strengthening their stranglehold on the city’s scarce land resources, even amid rising public unrest and dissatisfaction over housing affordability.

14 Aug 2019 - 7:05AM

The new rules could put Hong Kong’s biggest and best capitalised developers at an advantage, strengthening their stranglehold on the city’s scarce land resources, even amid rising public unrest and dissatisfaction over housing affordability.

Higher deposit for land sales will add pressure on small firms, tightening the big developers’ grip on Hong Kong’s land supply
Far East picks up ‘smallest’ land plot at Kai Tak at discount, as public unrest deters developers from long-term investments

Far East Consortium will pay HK$2.45 billion, or HK$7,100 per square foot, for the smallest plot in Kai Tak in terms of gross floor area, as developers turn cautious after 10 weeks of sporadic protest rallies.

12 Aug 2019 - 11:09PM

Far East Consortium will pay HK$2.45 billion, or HK$7,100 per square foot, for the smallest plot in Kai Tak in terms of gross floor area, as developers turn cautious after 10 weeks of sporadic protest rallies.

Far East picks up ‘smallest’ land plot at Kai Tak at discount, as public unrest deters developers from long-term investments
Sun Hung Kai, MTR defer sale of 1,172-flat Cullinan West III project as Hong Kong’s protest rallies take their toll on market mood

Hong Kong’s economic growth, which shrank in the second quarter from the first, had been in a downbeat mood this year, squeezed as it has been by the year-long US-China trade war and unprecedented public unrest in the city.

12 Aug 2019 - 6:00AM

Hong Kong’s economic growth, which shrank in the second quarter from the first, had been in a downbeat mood this year, squeezed as it has been by the year-long US-China trade war and unprecedented public unrest in the city.

Sun Hung Kai, MTR defer sale of 1,172-flat Cullinan West III project as Hong Kong’s protest rallies take their toll on market mood
Hong Kong government doubles deposit for land tenders to HK$50 million after Goldin’s abandoned Kai Tak sale

The new deposit amount of HK$50 million applies to land valued at HK$400 million or more. And the rules, which take effect immediately, will apply to the Kai Tak plot which opens for tender today.

9 Aug 2019 - 8:14AM

The new deposit amount of HK$50 million applies to land valued at HK$400 million or more. And the rules, which take effect immediately, will apply to the Kai Tak plot which opens for tender today.

Hong Kong government doubles deposit for land tenders to HK$50 million after Goldin’s abandoned Kai Tak sale
Victor Li’s CK Asset sees core profit rise 16 per cent thanks to strong property sales before market soured

Hong Kong’s second largest developer announced a 16.4 per cent increase in core profit for the six months to June

1 Aug 2019 - 11:11PM

Hong Kong’s second largest developer announced a 16.4 per cent increase in core profit for the six months to June

Victor Li’s CK Asset sees core profit rise 16 per cent thanks to strong property sales before market soured
CK Asset, Sun Hung Kai compete for buyers in Sham Shui Po, in a battle that could set the course for Hong Kong’s property market

The upcoming sale by the two bellwether companies comes at a critical juncture as the city’s real estate bull market had been hobbled by two months of unprecedented public unrest and a protracted US-China trade war.

31 Jul 2019 - 8:36AM

The upcoming sale by the two bellwether companies comes at a critical juncture as the city’s real estate bull market had been hobbled by two months of unprecedented public unrest and a protracted US-China trade war.

CK Asset, Sun Hung Kai compete for buyers in Sham Shui Po, in a battle that could set the course for Hong Kong’s property market
Hong Kong’s inventory of unsold residential property rises to a decade-high of 10,000 homes as trade war, protests deterred buyers

The expanding stock underscores the proposal by Chief Executive Carrie Lam to tax developers to bring housing supply in line with demand and help rein in prices.

26 Jul 2019 - 10:53PM

The expanding stock underscores the proposal by Chief Executive Carrie Lam to tax developers to bring housing supply in line with demand and help rein in prices.

Hong Kong’s inventory of unsold residential property rises to a decade-high of 10,000 homes as trade war, protests deterred buyers
Hong Kong developers unlikely to increase prices of new flats as they try to offload 8,500 unsold units, Centaline says

The developers may be keen to shift the stock because of the government’s proposed ‘vacancy tax’ which would penalise them for holding on to finished units.

24 Jul 2019 - 7:27AM

The developers may be keen to shift the stock because of the government’s proposed ‘vacancy tax’ which would penalise them for holding on to finished units.

Hong Kong developers unlikely to increase prices of new flats as they try to offload 8,500 unsold units, Centaline says
Hong Kong land sale at former Kowloon airport receives muted response from developers

Lands Department says the tender for the largest residential site at the former airport attracted only four bids from developers

19 Jul 2019 - 11:05PM

Lands Department says the tender for the largest residential site at the former airport attracted only four bids from developers

Hong Kong land sale at former Kowloon airport receives muted response from developers
Great Eagle launches Ontolo, first residential project in 29 years, at lowest prices in Tai Po after getting land for record-low five years ago

The commercial builder shocked the market in 2014 by winning the tender for the waterfront site for HK$3,300 per sq ft, 17 per cent below forecasts

18 Jul 2019 - 11:07PM

The commercial builder shocked the market in 2014 by winning the tender for the waterfront site for HK$3,300 per sq ft, 17 per cent below forecasts

Great Eagle launches Ontolo, first residential project in 29 years, at lowest prices in Tai Po after getting land for record-low five years ago
Hong Kong’s prime office market wobbles as Chinese firms scale back amid trade war

Grade-A office rents slide 0.1 per cent in the second quarter as mainland firms turn cautious, slow paces of expansion.

11 Jul 2019 - 2:25PM

Grade-A office rents slide 0.1 per cent in the second quarter as mainland firms turn cautious, slow paces of expansion.

Hong Kong’s prime office market wobbles as Chinese firms scale back amid trade war
Fear of protests disrupting operations forces companies in Admiralty to look for co-working space

Inquiries from companies based in Admiralty for co-working space have risen amid uncertainty over the protests.

10 Jul 2019 - 7:00AM

Inquiries from companies based in Admiralty for co-working space have risen amid uncertainty over the protests.

Fear of protests disrupting operations forces companies in Admiralty to look for co-working space
Future Land reports property sales gain in June; company chairman and property tycoon Wang Zhenhua under investigation

Future Land reports 19 per cent increase in contracted sales for June as it wrestles with fallout from chairman’s arrest

8 Jul 2019 - 7:15AM

Future Land reports 19 per cent increase in contracted sales for June as it wrestles with fallout from chairman’s arrest

Future Land reports property sales gain in June; company chairman and property tycoon Wang Zhenhua under investigation
Hong Kong’s public rental flats no longer the bargain they once were as private sector prices spill over

A former subsidised rental flat on the Fung Tak Estate in Wong Tai Sin set a new record this week, selling for HK$8,795 per square foot.

7 Jul 2019 - 11:27PM

A former subsidised rental flat on the Fung Tak Estate in Wong Tai Sin set a new record this week, selling for HK$8,795 per square foot.

Hong Kong’s public rental flats no longer the bargain they once were as private sector prices spill over
Developer slashes prices of T-Plus flats by 38 per cent to get first-home buyers to give Hong Kong’s smallest abodes a look-in

Smallest flat of 128 square feet at the T-Plus project in Tuen Mun will be offered at a starting price of HK$1.73 million.

5 Jul 2019 - 12:08PM

Smallest flat of 128 square feet at the T-Plus project in Tuen Mun will be offered at a starting price of HK$1.73 million.

Developer slashes prices of T-Plus flats by 38 per cent to get first-home buyers to give Hong Kong’s smallest abodes a look-in
Buyer walks away from US$32 million Hong Kong luxury home, as trade war and protests sap appetite for real estate investment

Hong Kong reported the second default in property transactions in nine days, as the year-long US-China trade war and massive street protests since June 9 have sapped investors’ appetite for large purchases.

20 Jun 2019 - 12:28PM

Hong Kong reported the second default in property transactions in nine days, as the year-long US-China trade war and massive street protests since June 9 have sapped investors’ appetite for large purchases.

Buyer walks away from US$32 million Hong Kong luxury home, as trade war and protests sap appetite for real estate investment
Land tender: Hong Kong government must introduce guarantors, higher deposits to prevent another Kai Tak fiasco

Industry expert says the government must introduce guarantors similar to those required by MTR Corp and Urban Renewal Authority to ensure completion of land sale via tenders.

19 Jun 2019 - 8:37AM

Industry expert says the government must introduce guarantors similar to those required by MTR Corp and Urban Renewal Authority to ensure completion of land sale via tenders.

Land tender: Hong Kong government must introduce guarantors, higher deposits to prevent another Kai Tak fiasco