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 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 - 8:30PM

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 - 8:58PM

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
Hong Kong developer walks away from HK$11.1 billion Kai Tak project, citing ‘social contradiction and economic instability’

Goldin Financial’s strategic U-turn reflects the biggest change of heart by a major Hong Kong company since escalation of trade war

17 Jun 2019 - 9:35AM

Goldin Financial’s strategic U-turn reflects the biggest change of heart by a major Hong Kong company since escalation of trade war

Hong Kong developer walks away from HK$11.1 billion Kai Tak project, citing ‘social contradiction and economic instability’
Hong Kong property deals jump to 22-year high as investors spend US$43.8b in first five months of 2019, but outlook cloudy

Investments on new flats rose to HK$121.8 billion in the first five months, up 47.6 per cent from the same period in 2018.

4 Jun 2019 - 10:27PM

Investments on new flats rose to HK$121.8 billion in the first five months, up 47.6 per cent from the same period in 2018.

Hong Kong property deals jump to 22-year high as investors spend US$43.8b in first five months of 2019, but outlook cloudy
Worsening US-China trade war hits Hong Kong’s office rental market as companies put expansion plans on hold

Some foreign companies are surrendering their leases, a trend that was seen among Chinese companies a few months ago.

3 Jun 2019 - 12:59PM

Some foreign companies are surrendering their leases, a trend that was seen among Chinese companies a few months ago.

Worsening US-China trade war hits Hong Kong’s office rental market as companies put expansion plans on hold
Shui On chairman Vincent Lo’s daughter and successor Stephanie Lo calls the shots at mainland-focused developer

Stephanie Lo Bo-yue has mapped out the Hong Kong-listed developer’s asset-light strategy on the mainland.

4 Jun 2019 - 3:19PM

Stephanie Lo Bo-yue has mapped out the Hong Kong-listed developer’s asset-light strategy on the mainland.

Shui On chairman Vincent Lo’s daughter and successor Stephanie Lo calls the shots at mainland-focused developer
Sun Hung Kai Properties prosecuted over lack of information on tender for flats in first such case as Hong Kong government tackles opaque sales practices

Sales of First-hand Residential Properties Authority said a summons had been served to an unnamed developer for a project in Pak Shek Kok, Tai Po.

17 May 2019 - 11:29PM

Sales of First-hand Residential Properties Authority said a summons had been served to an unnamed developer for a project in Pak Shek Kok, Tai Po.

Sun Hung Kai Properties prosecuted over lack of information on tender for flats in first such case as Hong Kong government tackles opaque sales practices
Hong Kong’s luxury home prices creep up 0.3 per cent as global average sinks to slowest growth in a decade, says Knight Frank

The average cost of a high-end residential property in 45 cities across the world rose 1.3 per cent in the first quarter, the slowest pace in 10 years

17 May 2019 - 3:51PM

The average cost of a high-end residential property in 45 cities across the world rose 1.3 per cent in the first quarter, the slowest pace in 10 years

Hong Kong’s luxury home prices creep up 0.3 per cent as global average sinks to slowest growth in a decade, says Knight Frank
Hong Kong’s property market has 10 more years in its bull run as population inflow from Greater Bay gives it sustenance

Hong Kong’s residential property market has another decade in its current bull run, as population inflow from the Greater Bay Area gives it sustenance, said the bank that correctly picked last year’s short-lived price correction.

9 May 2019 - 10:19PM

Hong Kong’s residential property market has another decade in its current bull run, as population inflow from the Greater Bay Area gives it sustenance, said the bank that correctly picked last year’s short-lived price correction.

Hong Kong’s property market has 10 more years in its bull run as population inflow from Greater Bay gives it sustenance
More Hong Kong buyers are out of pocket as opaque practice of sale by tender becomes popular in residential real estate

Sales through tender used to be reserved for luxury properties, but in Hong Kong the practice has spilled into the mass market

4 May 2019 - 1:47PM

Sales through tender used to be reserved for luxury properties, but in Hong Kong the practice has spilled into the mass market

More Hong Kong buyers are out of pocket as opaque practice of sale by tender becomes popular in residential real estate
Sales of pre-owned homes in Hong Kong surge to eight-year high as panicked buyers rush to beat rising prices

‘Buyers are afraid that if they don’t buy now, they will miss the boat once prices rise further,’ said Sammy Po of Midland Realty.

3 May 2019 - 10:08AM

‘Buyers are afraid that if they don’t buy now, they will miss the boat once prices rise further,’ said Sammy Po of Midland Realty.

Sales of pre-owned homes in Hong Kong surge to eight-year high as panicked buyers rush to beat rising prices