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

Schroders buys control of Hong Kong’s property manager Pamfleet, in a vote of confidence amid city’s frayed nerves

The acquisition, which bolsters Schroders’ US$20.2 billion in real estate holdings, may go some way towards calming frayed nerves, after the US Congress threatened to strip Hong Kong of its autonomous customs status from mainland China, in retaliation for the Chinese legislature’s passing of a national security law for the city.

1 hour ago

The acquisition, which bolsters Schroders’ US$20.2 billion in real estate holdings, may go some way towards calming frayed nerves, after the US Congress threatened to strip Hong Kong of its autonomous customs status from mainland China, in retaliation for the Chinese legislature’s passing of a national security law for the city.

Schroders buys control of Hong Kong’s property manager Pamfleet, in a vote of confidence amid city’s frayed nerves
A rare 999-year leasehold in world’s costliest city makes US government one of Hong Kong’s biggest foreign real estate owners

The value of the US government’s property holdings underscores what’s also at stake for America, as President Donald Trump threatens to eliminate special policy exemptions for Hong Kong in retaliation for the Chinese legislature’s draft of a national security law for the city.

26 Jun 2020 - 12:22PM

The value of the US government’s property holdings underscores what’s also at stake for America, as President Donald Trump threatens to eliminate special policy exemptions for Hong Kong in retaliation for the Chinese legislature’s draft of a national security law for the city.

A rare 999-year leasehold in world’s costliest city makes US government one of Hong Kong’s biggest foreign real estate owners
Victoria’s Secret, known for its seductive lingerie and ads, closes flagship store in Causeway Bay as Covid-19 upends tourism

The retailer posted a simple paper notice on its door that read, ‘We regret to inform you that we have closed the Victoria’s Secret Flagship Store.’ It was the latest grim news for landlords.

25 Jun 2020 - 10:45PM

The retailer posted a simple paper notice on its door that read, ‘We regret to inform you that we have closed the Victoria’s Secret Flagship Store.’ It was the latest grim news for landlords.

Victoria’s Secret, known for its seductive lingerie and ads, closes flagship store in Causeway Bay as Covid-19 upends tourism
Can CK Asset’s flexible payment terms drum up sales for new Sea To Sky project in Lohas Park?

The project, a joint venture between CK Asset Holdings and MTR Corporation comes at a time when Hong Kong home prices have fallen 5.4 per cent since a peak in May last year.

23 Jun 2020 - 7:29PM

The project, a joint venture between CK Asset Holdings and MTR Corporation comes at a time when Hong Kong home prices have fallen 5.4 per cent since a peak in May last year.

Can CK Asset’s flexible payment terms drum up sales for new Sea To Sky project in Lohas Park?
Hong Kong’s luxury property market is buzzing as buyers see no deterrent in hefty stamp duties, security law controversy

Hong Kong’s luxury property market is getting an endorsement from a couple of little-known investors, who are paying hefty stamp duties by picking up villas amid the city’s economic crisis.

16 Jun 2020 - 8:30AM

Hong Kong’s luxury property market is getting an endorsement from a couple of little-known investors, who are paying hefty stamp duties by picking up villas amid the city’s economic crisis.

Hong Kong’s luxury property market is buzzing as buyers see no deterrent in hefty stamp duties, security law controversy
A US$6 trillion tidal wave of quantitative easing is coming, but it won’t buoy Hong Kong home prices – here’s why

Downcast outlook poses potential danger for homebuyers, despite developers’ discount. As property values fall faster than mortgages, borrowers may fall into negative equity, which stood at 384 cases as of the end of March.

13 Jun 2020 - 6:37AM

Downcast outlook poses potential danger for homebuyers, despite developers’ discount. As property values fall faster than mortgages, borrowers may fall into negative equity, which stood at 384 cases as of the end of March.

A US$6 trillion tidal wave of quantitative easing is coming, but it won’t buoy Hong Kong home prices – here’s why
Joseph Lau’s wife takes control of Chinese Estates after tycoon’s eldest son and chairman transfers entire stake

Lau Ming-wai, 39, transfers his 25 per cent stake in the Hong Kong-listed developer to his stepmother amid rumours he is pursuing a role in government.

11 Jun 2020 - 10:54PM

Lau Ming-wai, 39, transfers his 25 per cent stake in the Hong Kong-listed developer to his stepmother amid rumours he is pursuing a role in government.

Joseph Lau’s wife takes control of Chinese Estates after tycoon’s eldest son and chairman transfers entire stake
Hong Kong developers rush sales as buying momentum builds, while city enjoys lull before security law storm

The national security law and the US-China tensions are putting Hong Kong’s housing market in a bind. Developers are expected to rush more projects to the market while the going is good.

10 Jun 2020 - 8:53AM

The national security law and the US-China tensions are putting Hong Kong’s housing market in a bind. Developers are expected to rush more projects to the market while the going is good.

Hong Kong developers rush sales as buying momentum builds, while city enjoys lull before security law storm
Jeweller Folli Follie becomes latest victim of coronavirus, protests, shuts all shops and lets go of 60 employees in Hong Kong

The jewellery and watch retail chain operator will exit the city, making it the latest victim of the coronavirus pandemic and the city’s anti-government protests.

9 Jun 2020 - 10:19PM

The jewellery and watch retail chain operator will exit the city, making it the latest victim of the coronavirus pandemic and the city’s anti-government protests.

Jeweller Folli Follie becomes latest victim of coronavirus, protests, shuts all shops and lets go of 60 employees in Hong Kong
Stanley Ho, patriarch of Asia’s largest casino empire and the ‘King of Gambling’ for more than half a century, dies at 98

Ho leaves behind a gambling empire that contributed to as much as half of the tax receipts earned by the Macau government, a heft that made him the first living Macanese to have an avenue in the territory named after him.

29 May 2020 - 5:53PM

Ho leaves behind a gambling empire that contributed to as much as half of the tax receipts earned by the Macau government, a heft that made him the first living Macanese to have an avenue in the territory named after him.

Stanley Ho, patriarch of Asia’s largest casino empire and the ‘King of Gambling’ for more than half a century, dies at 98
As Hong Kong tenants call the shots, can work-from-home inflict more damage to office market?

The chance for tenants to cut office rental bills is a welcome relief for businesses in the recession-hit economy. Can work-from-home mini-fy Hong Kong’s office market?

26 May 2020 - 8:23PM

The chance for tenants to cut office rental bills is a welcome relief for businesses in the recession-hit economy. Can work-from-home mini-fy Hong Kong’s office market?

As Hong Kong tenants call the shots, can work-from-home inflict more damage to office market?
Hong Kong’s top developers submit bids for Ap Lei Chau residential site that could fetch up to US$206 million

Sun Hung Kai Properties, Sino Land, CK Asset and New World Development among the 19 bidders for the 12,150 square feet plot in Ap Lei Chau, in Island South

22 May 2020 - 11:06PM

Sun Hung Kai Properties, Sino Land, CK Asset and New World Development among the 19 bidders for the 12,150 square feet plot in Ap Lei Chau, in Island South

Hong Kong’s top developers submit bids for Ap Lei Chau residential site that could fetch up to US$206 million
Hong Kong’s government can turn its ‘rotten luck’ on Kai Tak land sales into a windfall for building homes, analysts say

Hong Kong can turn its ‘rotten luck’ in tenders for Kai Tak airport site by converting them to residential use. This can help ease the city’s housing shortage and generate a windfall to its coffers, analysts said.

20 May 2020 - 7:14AM

Hong Kong can turn its ‘rotten luck’ in tenders for Kai Tak airport site by converting them to residential use. This can help ease the city’s housing shortage and generate a windfall to its coffers, analysts said.

Hong Kong’s government can turn its ‘rotten luck’ on Kai Tak land sales into a windfall for building homes, analysts say
Young buyers flock to Wing Tai Properties’ low-priced OMA by the Sea flats, Hong Kong’s first property sale after social distancing is eased

Young buyers thronged the sales office of Wing Tai Properties’s OMA by the Sea development on Sunday morning, before sales slowed as some of the cheaper flats priced at more than HK$4 million (US$516,000) were sold out.

18 May 2020 - 6:09PM

Young buyers thronged the sales office of Wing Tai Properties’s OMA by the Sea development on Sunday morning, before sales slowed as some of the cheaper flats priced at more than HK$4 million (US$516,000) were sold out.

Young buyers flock to Wing Tai Properties’ low-priced OMA by the Sea flats, Hong Kong’s first property sale after social distancing is eased
Li Ka-shing’s CK Asset issues first profit warning as Hong Kong and UK businesses suffer, CK Hutchison says retail earnings might be halved this year

CK Asset Holdings issued its first profit warning ever on Thursday, while CK Hutchison said its retail earnings might be halved this year after the coronavirus pandemic forced it to shut stores for many months in mainland China, Europe and the United Kingdom.

14 May 2020 - 11:11PM

CK Asset Holdings issued its first profit warning ever on Thursday, while CK Hutchison said its retail earnings might be halved this year after the coronavirus pandemic forced it to shut stores for many months in mainland China, Europe and the United Kingdom.

Li Ka-shing’s CK Asset issues first profit warning as Hong Kong and UK businesses suffer, CK Hutchison says retail earnings might be halved this year
‘Out of touch’ Hong Kong withdraws Kai Tak commercial plot from sale following tepid bids by developers amid economic contraction in city

A plot at the former Kai Tak Airport site, which can yield 1.16 million square feet (107,767 square metres) in gross floor area, failed to sell because it ‘failed to meet the government’s reserve price,’ according to a statement by the Lands Department.

13 May 2020 - 11:13PM

A plot at the former Kai Tak Airport site, which can yield 1.16 million square feet (107,767 square metres) in gross floor area, failed to sell because it ‘failed to meet the government’s reserve price,’ according to a statement by the Lands Department.

‘Out of touch’ Hong Kong withdraws Kai Tak commercial plot from sale following tepid bids by developers amid economic contraction in city
Landlords in Central, Hong Kong slash rents by more than a third as vacancy climbs to six-year high amid economy crushed by coronavirus

Rents in the world’s most expensive office market return to 2017 levels as companies downsize or move somewhere cheaper to save costs amid economy reeling from Covid-19 pandemic

12 May 2020 - 7:20PM

Rents in the world’s most expensive office market return to 2017 levels as companies downsize or move somewhere cheaper to save costs amid economy reeling from Covid-19 pandemic

Landlords in Central, Hong Kong slash rents by more than a third as vacancy climbs to six-year high amid economy crushed by coronavirus
Hong Kong developer loses record US$331.5 million on resale of residential land at Kai Tak as coronavirus darkens market outlook

Developer Goldin Financial loses a record US$331.5 million reselling a residential plot at Kai Tak, the city’s former airport, citing the gloomy outlook as Covid-19 ravages the economy

11 May 2020 - 10:36PM

Developer Goldin Financial loses a record US$331.5 million reselling a residential plot at Kai Tak, the city’s former airport, citing the gloomy outlook as Covid-19 ravages the economy

Hong Kong developer loses record US$331.5 million on resale of residential land at Kai Tak as coronavirus darkens market outlook
Hong Kong luxury hoteliers to delay 1,000-odd new rooms in market at disastrous levels due to pandemic and protests

CK Asset has deferred the opening of its 840-room Hotel Alexandra in Fortress Hill to a later date while a consortium of Hong Kong’s biggest developers has pushed back the 206-room The Silveri Hong Kong MGallery in Tung Chung by at least six months.

2 May 2020 - 1:40PM

CK Asset has deferred the opening of its 840-room Hotel Alexandra in Fortress Hill to a later date while a consortium of Hong Kong’s biggest developers has pushed back the 206-room The Silveri Hong Kong MGallery in Tung Chung by at least six months.

Hong Kong luxury hoteliers to delay 1,000-odd new rooms in market at disastrous levels due to pandemic and protests
Sun Hung Kai, Kwok family sell 30 per cent stake in office space at Hong Kong’s most expensive commercial site to Ping An Life for US$1.45 billion

Sun Hung Kai Properties and controlling shareholder, the Kwok family, are to sell 30 per cent of the office portion of the site on top of West Kowloon high-speed rail station to mainland China’s Ping An Life Insurance

29 Apr 2020 - 11:29PM

Sun Hung Kai Properties and controlling shareholder, the Kwok family, are to sell 30 per cent of the office portion of the site on top of West Kowloon high-speed rail station to mainland China’s Ping An Life Insurance

Sun Hung Kai, Kwok family sell 30 per cent stake in office space at Hong Kong’s most expensive commercial site to Ping An Life for US$1.45 billion
Why do Hongkongers pay sky-high prices for petrol when international oil remains at multi-year lows?

Fuel retailers say there a range of factors for the delay in lower prices to be reflected at the pump, including high inventory levels, government tax, salaries and above all, land costs.

28 Apr 2020 - 1:12PM

Fuel retailers say there a range of factors for the delay in lower prices to be reflected at the pump, including high inventory levels, government tax, salaries and above all, land costs.

Why do Hongkongers pay sky-high prices for petrol when international oil remains at multi-year lows?
As Hong Kong retail rents sink, new overseas retailers, mass-market brands eye expansion on the cheap

It is a time for bargains for new overseas and mass-market retailers looking to expand in Hong Kong, following a sharp correction in retail rents, property consultants said.

19 Apr 2020 - 9:35PM

It is a time for bargains for new overseas and mass-market retailers looking to expand in Hong Kong, following a sharp correction in retail rents, property consultants said.

As Hong Kong retail rents sink, new overseas retailers, mass-market brands eye expansion on the cheap
More than 1,000 Hong Kong homeowners could see loans exceed value of properties in first quarter

More than 1,000 homebuyers are on the verge of falling into negative equity in Hong Kong, after the prices of flats in some housing estates declined by more than 10 per cent from October last year, industry insiders said.

16 Apr 2020 - 10:37PM

More than 1,000 homebuyers are on the verge of falling into negative equity in Hong Kong, after the prices of flats in some housing estates declined by more than 10 per cent from October last year, industry insiders said.

More than 1,000 Hong Kong homeowners could see loans exceed value of properties in first quarter
Hong Kong home rents declining so fast that investors may not recover mortgage payments

Some investors who bought property in Hong Kong during a mid-2019 peak in prices might not even recover their monthly mortgage payments, as rents continue their headlong dive, industry experts said.

16 Apr 2020 - 8:38AM

Some investors who bought property in Hong Kong during a mid-2019 peak in prices might not even recover their monthly mortgage payments, as rents continue their headlong dive, industry experts said.

Hong Kong home rents declining so fast that investors may not recover mortgage payments
Hong Kong investors drawn to Japanese property as shops in prime areas sell for discounts of up to 30 per cent

Shop owners in prime locations in Tokyo and Osaka, where prices held steady for more than a decade, are now selling because of the poor economic outlook.

12 Apr 2020 - 9:45PM

Shop owners in prime locations in Tokyo and Osaka, where prices held steady for more than a decade, are now selling because of the poor economic outlook.

Hong Kong investors drawn to Japanese property as shops in prime areas sell for discounts of up to 30 per cent
Link Reit takes cue from government’s coronavirus relief package, expands tenant support scheme to US$39 million

Link Reit, which manages 126 properties across Hong Kong, has expanded its support for tenants from HK$80 million to HK$300 million.

10 Apr 2020 - 8:00PM

Link Reit, which manages 126 properties across Hong Kong, has expanded its support for tenants from HK$80 million to HK$300 million.

Link Reit takes cue from government’s coronavirus relief package, expands tenant support scheme to US$39 million
Hong Kong developers buy US$193.5 million worth of own shares in bid to support market, boost confidence

New World Development, Wheelock and Co, and a joint venture owned by Li Ka-shing and Victor Li Tzar-kuoi buy nearly HK$1.5 billion worth of shares last month.

5 Apr 2020 - 10:03PM

New World Development, Wheelock and Co, and a joint venture owned by Li Ka-shing and Victor Li Tzar-kuoi buy nearly HK$1.5 billion worth of shares last month.

Hong Kong developers buy US$193.5 million worth of own shares in bid to support market, boost confidence
Luxury jeweller Tiffany closed its shop in Tsim Sha Tsui, Hong Kong, as the city’s retail sector was being battered by protests

The iconic American jeweller joins a list of big names shutting shops in Hong Kong, where retailers were first hit by anti-government protests, then the Covid-19 outbreak

31 Mar 2020 - 8:48PM

The iconic American jeweller joins a list of big names shutting shops in Hong Kong, where retailers were first hit by anti-government protests, then the Covid-19 outbreak

Luxury jeweller Tiffany closed its shop in Tsim Sha Tsui, Hong Kong, as the city’s retail sector was being battered by protests
Developers Country Garden, Sunac China warn construction, sales may be disrupted as Covid-19 subdues business activity

Country Garden, China’s biggest home seller, saw sales crash by half in February and said building progress may suffer amid measures to contain virus

28 Mar 2020 - 12:16PM

Country Garden, China’s biggest home seller, saw sales crash by half in February and said building progress may suffer amid measures to contain virus

Developers Country Garden, Sunac China warn construction, sales may be disrupted as Covid-19 subdues business activity
Mainland developers including Poly Property, China Resources accelerate sales to shore up cash flow to minimise impact of Covid-19

Four major Chinese developers reported profit growth for 2019 on Thursday, but said they are braced for hard times as the deadly coronavirus squashes market demand

26 Mar 2020 - 6:00PM

Four major Chinese developers reported profit growth for 2019 on Thursday, but said they are braced for hard times as the deadly coronavirus squashes market demand

Mainland developers including Poly Property, China Resources accelerate sales to shore up cash flow to minimise impact of Covid-19