Sandy Li
SCMP News
Hong Kong
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Past articles by Sandy:
Hong Kong home prices fall to the lowest level since January 2021 as distressed owners slash prices, sell at a loss
The fifth wave of the coronavirus outbreak has had a devastating impact on property prices in the city, wiping out last year’s entire 3.2 per cent gain in the first quarter. → Read More
Hong Kong coronavirus: will the Omicron surge turn half-empty hotels into quarantine centres?
For the 320 licensed hotels in one of Asia’s busiest hubs for business travel and tourism, Hong Kong’s zero-Covid approach may sound the death knell for an industry that hired as many as 34,606 people last September. → Read More
Hong Kong tycoon's wife pays $78 million for flat on The Peak, China News
The wife of Henry Cheng Kar-shun, Hong Kong’s third-richest man, has bought a flat on The Peak for HK$450 million (S$78.4 million), as the city’s most well-heeled residents continue to channel their capital into bricks and mortar to protect their wealth. Katherine Ip Mei-hing bought the four-bedroom, 4,256 square-foot apartment at 8 Peak Road from CSI Properties and Phoenix Property... → Read More
Hongkongers spent a record US$4.5 billion to buy lived-in subsidised homes amid soaring private flat prices
The transaction value of lived-in flats under the Home Ownership Scheme exceeded 2020’s US$3.34 billion amid rising private home prices and a looser mortgage policy. → Read More
Hong Kong developers shop for bargains as China’s once deep-pocketed asset buyers fall on hard times amid debt crackdown
The tide has turned on Chinese asset buyers and their grab for land in Hong Kong, after a regulatory crackdown on leveraged acquisitions by Chinese regulators in 2017. → Read More
Blackstone, SilkRoad turn Hong Kong’s industrial property into a hotspot with 54 per cent jump in investment
Global real estate investment funds are getting busier in Hong Kong’s industrial property sector as the government extends its revitalisation programme through October 2024. Shrinking returns may challenge the buying appetite. → Read More
Small Hong Kong developers spend US$2.6 billion in land, property acquisition binge in past 12 months
Hong Kong’s small and mid-sized developers accumulate land banks as they expect booming economy and chronic housing shortage to keep home prices high. → Read More
Evergrande: default alarms put thousands of suppliers, jobs and economy at risk as developer’s IOUs balloon
Evergrande owed more than US$103 billion to its suppliers across construction, furnishings and materials sectors at the end of June. A collapse would put many out of business and jobs. → Read More
Wheelock says its proposal to build homes under the land sharing scheme is a ‘win-win’ solution for all
Private flats to be built under the Land Sharing Pilot Scheme will not necessarily cost more and is a ‘win-win’ solution for all stakeholders, managing director Ricky Wong says. → Read More
Chinese developers to focus on debt reduction until 2023 to meet ‘three red lines’ deadline
Debt reduction will be the main goal for Chinese property firms as regulators have set a deadline of 2023 for developers to meet the ‘three red lines’ thresholds, say analysts. → Read More
Hong Kong developer New World Development’s China unit will invest US$732 million in Guangzhou urban renewal project
New World China Land (NWC), the mainland Chinese property unit of Hong Kong developer New World Development, said it has secured the rights for an urban renewal project in the heart of Guangzhou. → Read More
Hong Kong’s housing crisis: how much of the blame for homes crunch lies with city’s property developers?
In a city facing a housing crisis where demand hugely outstrips supply, thousands of completed flats remain unsold in Tai Po. → Read More
Hong Kong’s luxury home rents recover as mainland Chinese executives flush with IPO funds drive leasing deals
Rents for luxury homes in Hong Kong jumped 5 per cent in April and May, after falling as much as 13.5 per cent from a record high in August 2109. → Read More
New World’s Pavilia Farm III flats snapped up for a third straight week amid bullish buying sentiment
Buyers pile into New World Development’s The Pavilia Farm III project, snapping up 167 out of 173 units by 6pm, even as average prices have jumped by nearly 25 per cent in less than a month. → Read More
Coronavirus pandemic: Major Hong Kong firms ready to embrace innovation, technology in aftermath to stay competitive
Major Hong Kong companies have embraced innovation to sharpen their competitiveness during the coronavirus pandemic, the China Conference heard on Thursday. → Read More
Hong Kong’s rising home prices, luxury flat sales push property deals to a two-year high at US$11.3 billion in May
Bullish investors pushed the value of property transactions in Hong Kong to a 24-month high in May, helped by rising house prices and luxury flat sales. → Read More
Hong Kong may miss private home supply target again as recession slows land sale, development
Hong Kong’s government may miss its annual home supply target yet again because the amount of land available for development is insufficient, analysts and lawmakers say. → Read More
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