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

Hong Kong developer V Group readies Causeway Bay apartments and luxury houses on The Peak for sale amid market slowdown

Hong Kong developer V Group is shrugging aside the slowdown in the city’s property market with the launch of an apartment project in Causeway Bay and an ultra-luxury project on The Peak.

Hong Kong developer V Group is shrugging aside the slowdown in the city’s property market with the launch of an apartment project in Causeway Bay and an ultra-luxury project on The Peak.

31 Aug 2022 - 12:03AM
Hong Kong seeks to raise plot ratios, building heights at Northern Metropolis projects to ease housing shortage

The Hong Kong government has applied to relax plot ratios and building height restrictions at 37 parcels of land by up to 30 per cent in northern Fanling and Kwu Tung, as part of its Northern Metropolis development plan to boost the city’s housing supply.

The Hong Kong government has applied to relax plot ratios and building height restrictions at 37 parcels of land by up to 30 per cent in northern Fanling and Kwu Tung, as part of its Northern Metropolis development plan to boost the city’s housing supply.

19 Aug 2022 - 10:04PM
New flats at Novo Land in Tuen Mun sell out as young, first-time buyers take advantage of steep discounts

Sun Hung Kai Properties sold all 180 units on offer in the second phase of its Novo Land project within the first four hours on Wednesday afternoon, according to agents.

Sun Hung Kai Properties sold all 180 units on offer in the second phase of its Novo Land project within the first four hours on Wednesday afternoon, according to agents.

17 Aug 2022 - 7:31PM
Hong Kong developers sweeten financing terms for luxury homes after deals tumble in July

Hong Kong’s property developers are extending favourable finance terms to luxury home deals, after big-ticket sales declined by almost half in July.

Hong Kong’s property developers are extending favourable finance terms to luxury home deals, after big-ticket sales declined by almost half in July.

16 Aug 2022 - 8:30AM
Buyers shrug off rain and rising rates to snap up flats at Henderson’s One Innovale-Archway, Sun Hung Kai’s Novo Land

More than 24,000 potential buyers had registered to buy a total of 321 flats at Henderson Land’s One Innovale-Archway in Fanling and Sun Hung Kai Properties’ Novo Land in Tuen Mun.

More than 24,000 potential buyers had registered to buy a total of 321 flats at Henderson Land’s One Innovale-Archway in Fanling and Sun Hung Kai Properties’ Novo Land in Tuen Mun.

10 Aug 2022 - 7:43PM
Developers at Kai Tak runway site urge government to improve transport links as sale of new projects looms

Launch prices at the runway site have been pressured after the government dropped its plan to build a monorail link there in 2020.

Launch prices at the runway site have been pressured after the government dropped its plan to build a monorail link there in 2020.

10 Aug 2022 - 8:51AM
Hong Kong developers exercise caution in pricing new projects after housing transactions fall for second month amid rising interest rates

Property developers in Hong Kong will continue to price new projects competitively after the total value of housing transactions declined by a quarter in July amid an uptrend in the city’s interest-rate cycle.

Property developers in Hong Kong will continue to price new projects competitively after the total value of housing transactions declined by a quarter in July amid an uptrend in the city’s interest-rate cycle.

4 Aug 2022 - 10:16AM
Hang Lung’s chairman warns of turbulent times ahead for Hong Kong’s real estate as city finds itself squeezed between US and China

The comments by Chan showed how Hong Kong has been caught since 2019 by a series of turbulent events, including months of anti-government protests, US sanctions and a Covid-19 pandemic in its third year.

The comments by Chan showed how Hong Kong has been caught since 2019 by a series of turbulent events, including months of anti-government protests, US sanctions and a Covid-19 pandemic in its third year.

28 Jul 2022 - 9:08PM
Hong Kong’s iconic The Peak Lookout restaurant has its rent slashed in half as pandemic wipes out international tourism

The owners of the iconic Hong Kong restaurant, previously a huge draw for tourists with its prime location, are now paying less than half the monthly HK$230,000 (US$29,300) they were forking out on a lease signed pre-pandemic.

The owners of the iconic Hong Kong restaurant, previously a huge draw for tourists with its prime location, are now paying less than half the monthly HK$230,000 (US$29,300) they were forking out on a lease signed pre-pandemic.

26 Jul 2022 - 8:36PM
Sun Hung Kai offers steep discounts, deferred payment plans at Novo Land in Tuen Mun, yielding to first-home buyers’ demand for affordable housing

The option of paying in instalments appears attractive, but the buyer ends up paying more in interest costs, analysts said.

The option of paying in instalments appears attractive, but the buyer ends up paying more in interest costs, analysts said.

21 Jul 2022 - 8:30AM
More buyers of incomplete flats with stage payment schemes face higher risk of default as rising interest rates spur price falls

By the time some of these buyers arrange mortgages, ‘they may not pass the stress test’, say analysts.

By the time some of these buyers arrange mortgages, ‘they may not pass the stress test’, say analysts.

20 Jul 2022 - 8:30AM
Is Hong Kong’s property market turning? Buyers walk away from 21 signed contracts, forfeiting US$1.1 million in deposits amid rising rates

A total of 21 buyers at a Cheung Sha Wan project failed to complete transactions they agreed to in 2020, amid falling prices and rising mortgage rates.

A total of 21 buyers at a Cheung Sha Wan project failed to complete transactions they agreed to in 2020, amid falling prices and rising mortgage rates.

13 Jul 2022 - 5:45PM
Hundreds of Hong Kong land sites with room for at least 20,000 new flats stuck in limbo as owners call for government action

Many ageing flats, built for civil servants, are vacant or being used for storage as land premiums make the sites unattractive for redevelopment, but Urban Renewal Authority projects offer a ray of hope.

Many ageing flats, built for civil servants, are vacant or being used for storage as land premiums make the sites unattractive for redevelopment, but Urban Renewal Authority projects offer a ray of hope.

12 Jul 2022 - 6:30PM
Hong Kong’s New World Group introduces four and a half day work week for better work-life balance

New World Group said its Summer Fridays pilot programme, which will benefit some 4,000 staff across the group, will run until the end of September.

New World Group said its Summer Fridays pilot programme, which will benefit some 4,000 staff across the group, will run until the end of September.

4 Jul 2022 - 4:52PM
Priced out of Hong Kong, young home buyers look to Greater Bay Area for space and value

Twenty-five years after the handover, home ownership in Hong Kong is further out of reach than ever for first-time buyers, some of whom are finding value in Dongguan and other cities in the Pearl River Delta.

Twenty-five years after the handover, home ownership in Hong Kong is further out of reach than ever for first-time buyers, some of whom are finding value in Dongguan and other cities in the Pearl River Delta.

28 Jun 2022 - 10:13AM
Hongkongers join bespoke Japan property tours to scout for investment opportunities amid yen’s slump

With Japan reopening its borders to tourists, specialist Hong Kong property agencies are organising tours for investors looking to take advantage of the yen’s decline.

With Japan reopening its borders to tourists, specialist Hong Kong property agencies are organising tours for investors looking to take advantage of the yen’s decline.

27 Jun 2022 - 8:30AM
Hong Kong’s developers step up to fill the shortage in quality pension homes for the golden years in the world’s fastest-ageing population

Hongkongers are living longer than ever before, exerting an increasing burden on the government as the expenditure on elderly services surged 82 per cent in the 12 months ending on March 31, 2023.

Hongkongers are living longer than ever before, exerting an increasing burden on the government as the expenditure on elderly services surged 82 per cent in the 12 months ending on March 31, 2023.

25 Jun 2022 - 11:37PM
33-year-old Chinese woman splashes US$84.2 million in cash on exclusive 49-room property in Sardinia

The buyer was identified as Nani Wang, and her name is the same as that of a former board director of JD Health International, the healthcare arm of Chinese e-commerce giant JD.com.

The buyer was identified as Nani Wang, and her name is the same as that of a former board director of JD Health International, the healthcare arm of Chinese e-commerce giant JD.com.

24 Jun 2022 - 6:30PM
Soaring interest rates: Hong Kong’s new mortgage borrowers and highly leveraged buyers are most at risk in the property market

Topping off the higher rates is a bulging pipeline of new flats – estimated at 12,646 in 2022 by JLL – waiting to find buyers.

Topping off the higher rates is a bulging pipeline of new flats – estimated at 12,646 in 2022 by JLL – waiting to find buyers.

17 Jun 2022 - 8:38AM
Nan Hai says creditors are freezing its assets as it comes up short to meet US$350 million of notes due this weekend

The action underscores how the finances of Nan Hai have fallen victim to the Covid-19 pandemic and China’s property crackdown, as its revenue from cinemas and real estate plunged in mainland China.

The action underscores how the finances of Nan Hai have fallen victim to the Covid-19 pandemic and China’s property crackdown, as its revenue from cinemas and real estate plunged in mainland China.

7 Jun 2022 - 1:30PM
Hong Kong real estate owners seek alternative uses for retail complexes and hotels amid tourism slump

Hong Kong’s retail landlords and hotel owners, unable to bear the losses from an enduring tourism slump, apply to the Town Planning Board to convert their properties for alternative purposes such as cafes and housing.

Hong Kong’s retail landlords and hotel owners, unable to bear the losses from an enduring tourism slump, apply to the Town Planning Board to convert their properties for alternative purposes such as cafes and housing.

7 Jun 2022 - 8:59AM
Chinese developers expected to speed up sales in third quarter after meeting less than 30 per cent of sales targets for year as of May

Chinese developers are expected to accelerate projects launches in the third quarter and keep prices competitive after most met less than 30 per cent of their annual sales as of May end, industry experts said.

Chinese developers are expected to accelerate projects launches in the third quarter and keep prices competitive after most met less than 30 per cent of their annual sales as of May end, industry experts said.

2 Jun 2022 - 7:30PM
Shanghai reopens: LV, Prada, Dior, other luxury stores see queues as shopping centres reopen to bouts of revenge spending

While long queues at shopping centres reflect a welcome return to business as usual in Shanghai, there is still a feeling trepidation because some Covid-19 control measures continue to be observed.

While long queues at shopping centres reflect a welcome return to business as usual in Shanghai, there is still a feeling trepidation because some Covid-19 control measures continue to be observed.

1 Jun 2022 - 9:28PM
China mortgage rate cut, lower down payment requirements could save homebuyers 10 per cent in monthly instalments, revive home sales

A cut in mortgage rates announced on Friday last week, coupled with lower down payment requirements for first-time buyers, could revive Chinese home sales, analysts said.

A cut in mortgage rates announced on Friday last week, coupled with lower down payment requirements for first-time buyers, could revive Chinese home sales, analysts said.

31 May 2022 - 8:30AM
Wing Tai Holdings outguns rivals in en bloc Singapore residential tender with US$199 million bid

Wing Tai Holdings plans to redevelop the 57-year-old Lakeside Apartments into an ‘iconic’ residential development with unobstructed views of Jurong Lake.

Wing Tai Holdings plans to redevelop the 57-year-old Lakeside Apartments into an ‘iconic’ residential development with unobstructed views of Jurong Lake.

26 May 2022 - 7:11PM
Greater Bay Area residents will soon be able to buy wealth management, beauty and medical services from Hong Kong’s 11 Skies complex

Nearly 20 companies from the finance, wealth management, beauty and medical services sectors will open offices at the three office towers, targeting GBA residents.

Nearly 20 companies from the finance, wealth management, beauty and medical services sectors will open offices at the three office towers, targeting GBA residents.

24 May 2022 - 10:53AM
Chinese developer Jiayuan and subsidiary’s shares suspended after stock pledge to SHK Finance, Moody’s rating downgrade

The crash came after a company owned by chairman Shum Tin Ching pledged shares in Jiayuan International and Jiayuan Services to SHK Finance a day after Moody’s downgraded their rating.

The crash came after a company owned by chairman Shum Tin Ching pledged shares in Jiayuan International and Jiayuan Services to SHK Finance a day after Moody’s downgraded their rating.

18 May 2022 - 6:15PM
Hong Kong developers’ rural land conversion in New Territories gathers pace, push for lower land premium due to softening market expected

Developers with large holdings in the northern New Territories are likely to negotiate for a lower land premium, as the area becomes the new focus of development, analysts say.

Developers with large holdings in the northern New Territories are likely to negotiate for a lower land premium, as the area becomes the new focus of development, analysts say.

17 May 2022 - 3:34PM
New World’s affordable housing project aimed at getting first-time buyers in Hong Kong on property ladder

A proposal has been submitted to the Town Planning Board to build about 300 flats, with sizes ranging from 300 sq ft to 400 square feet in Yuen Long, New World Build for Good, NWD’s social enterprise unit, said.

A proposal has been submitted to the Town Planning Board to build about 300 flats, with sizes ranging from 300 sq ft to 400 square feet in Yuen Long, New World Build for Good, NWD’s social enterprise unit, said.

16 May 2022 - 6:25PM
Two Hong Kong hotels sell for US$295 million, as cash-rich investors bet on hospitality sector rebound once borders reopen

Two hotels changed hands in deals worth more than HK$2.3 billion (US$295 million) in Hong Kong on Wednesday, as cash-rich investors swooped in to pick up assets from the city’s slumping hospitality industry, betting on the sector improving once the city’s borders have been reopened.

Two hotels changed hands in deals worth more than HK$2.3 billion (US$295 million) in Hong Kong on Wednesday, as cash-rich investors swooped in to pick up assets from the city’s slumping hospitality industry, betting on the sector improving once the city’s borders have been reopened.

12 May 2022 - 8:30AM