Sandy Li, SCMP News

Sandy Li

SCMP News

Hong Kong

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Recent:
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Past:
  • SCMP News
  • CNBC
  • Business Insider

Past articles by Sandy:

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. → Read More

J.Crew to shut Hong Kong stores, joins big-brand exodus from Causeway Bay, world’s priciest shopping district

J.Crew Group, the US retailer of menswear and womenswear, is closing its stores in Hong Kong, according to staff at both its shops in the city. → Read More

Casino tycoon Stanley Ho’s son paid US$64 million for Hong Kong house days before coronavirus gathered pace

Within days of Mario Ho buying a house in Deep Water Bay, the coronavirus outbreak had snowballed into a health emergency, with the first reported cases in Hong Kong not far behind. → Read More

Hong Kong developers set to vie for buyers’ affection as a glut of new flats floods the market

A total of 32,120 new flats are likely to be launched this year, according to data from Centaline and Midland. → Read More

Brace for up to 20 per cent decline in Hong Kong home prices, CK Asset senior director says

Hong Kong home prices could be headed for a multi-year downtrend that knocks valuations by up to 20 per cent, prompting major developers to slash prices for new homes along with the sliding market, according to a senior executive at CK Asset Holdings, the second largest developer in Hong Kong by capitalisation.... → Read More

New ‘tiny home’ benchmark for Kowloon as developer rolls out Sham Shui Po project in layouts beginning at 129 sq ft

Hong Kong’s Kowloon district is about to realise a new benchmark for tiny home sizes that will test the market’s tolerance for what’s considered liveable space, with one developer set to launch a project in Sham Shui Po featuring layouts starting at 129 square feet, the smallest on record for the area.... → Read More

Is Victor Li the next Superman and can he outdo his father Li Ka-shing as he leads CK Asset into a new era?

After 35 years in the shadow of his illustrious father Li Ka-shing, Hong Kong’s richest man and fondly called “Superman” for his extraordinary entrepreneurial achievement, Victor Li Tzar-kuoi, is finally coming into his own.... → Read More

Start-ups’ desire to stay close to Central works to Sheung Wan’s advantage, says property investor

Demand for office space in old buildings in Sheung Wan, close to Central, remain sought after by start-ups and small businesses who cannot afford exorbitant rents in the core business district, which have been pushed beyond their reach by mainland finance firms, according to a Hong Kong-based real estate fund.... → Read More

Buyer of house on The Peak in Hong Kong walks away from deal – loses US$4.6 million deposit

A buyer has walked away from the purchase of a luxury house on The Peak, losing a deposit of some HK$36.09 million (US$4.6 million) in the latest sign of trouble in Hong Kong’s property market.... → Read More

Hong Kong’s leading property broker Centaline cries foul as Sino Land sets below market commission rate

The ties between Hong Kong’s property developers and sales agents are fraying, as declining prices in a cooling market crimps profit margins, causing the two former partners to turn against each other.... → Read More

Correction in Hong Kong’s property market gathers speed as prices fall 3.5 per cent in November

Prices of lived-in homes in Hong Kong saw the sharpest decline in the past four months in November, with analysts citing concerns over the US-China trade war, expectations of rising mortgage rates, accelerated launches of new flats and a volatile local stock market as the main reasons.... → Read More

Creditor of vanished tycoon Ye Jianming says three floors in Hong Kong’s Convention Plaza worth minimum HK$1.79 billion

One of the creditors of missing mainland tycoon Ye Jianming has claimed that the three floors of ­office space at the Convention Plaza in Wan Chai that have been offered for auction should fetch a minimum of HK$1.79 billion, ­according to a court document.... → Read More

Vanished oil tycoon Ye Jianming’s office floors in Hong Kong put on sale again within a month of failed auction

The three floors of office space at Convention Plaza in Wan Chai, for which CEFC paid a record HK$1.38 billion (US$180 million) in 2016, will be closed for tender on January 30 → Read More

Hong Kong’s infatuation with multimillion-dollar shoebox homes is over as quickly as it began

Hong Kong’s infatuation with micro-apartments, some of which hold the world record as the smallest living space constructed for humans, has ended almost as quickly as it began. ... → Read More

Hong Kong’s biggest and last data centre site fetches HK$5.45 billion

Hong Kong’s biggest and last remaining piece of land designated for development into a data centre sold for a higher-than-expected HK$5.45 billion to Sunevision Holdings, sharpening the city’s competitiveness in a race with Singapore to be the regional hub for such purpose-built facilities.... → Read More

Hong Kong micro flats will bear the brunt of price slump, says CK Asset executive

Micro-flats, once all the rage in Hong Kong because of their affordability, would bear the brunt of the city’s property price slump, said an executive of CK Asset Holdings, one of the city’s biggest developers.... → Read More

New York office rents edge closer to Hong Kong’s – still the world’s most expensive city to set up shop

Analysts say rents in Central, the world’s most expensive office district, could fall next year if the US-China trade war persistsOffice occupancy costs in Central stood at US$338 per sq ft versus US$212 per sq ft at Midtown in New York → Read More

Shenzhen tycoon quells talk of financial problems, says he’ll pay for early possession of house on The Peak

The Shenzhen property tycoon who agreed to pay HK$2.1 billion (US$268.5 million) for Hong Kong‘s most expensive mansion on The Peak says he will take possession of the property a year early, quelling talk that the deal was in trouble.... → Read More

Young Hong Kong homebuyers bank on Bangkok property with eye on future purchases at home

Hong Kong millennials, who have been priced out in the world’s most expensive property market at home, are increasingly investing in destinations like Bangkok in Thailand, where real estate prices stand at just about a fifth of those in the special administrative region. ... → Read More

Country Garden ‘mistimes’ the market, set to release first batch of Hong Kong flats at below cost

The developer is preparing to release 110 flats at Altissimo in Ma On Shan, with prices starting at HK$13,887 per square foot, significantly below the investment cost, analysts say → Read More