Sandy Li

Sandy Li

Sandy Li is a contributor to Inkstone. She covers the property market for the South China Morning Post.

A developer is building a replica German city in China to lure investors
Imagine, after enjoying the hotels and gambling in Macau, driving across a bridge for just over one mile and visiting ... Germany.  In the coming years, travelers may be able to replicate this experience thanks to a replica German city being built in southern China near the world’s biggest gambling hub. But the coronavirus outbreak has put a halt to the project, an interruption that the owners hope will only be temporary.  Hong Kong-listed developer TFG International is spending $229 million to build the project known as Hengqin German City on an island south of Zhuhai in the southern Chinese province of Guangdong. The island is connected to Macau by the 1.1 mile Lotus Bridge. The city will
A developer is building a replica German city in China to lure investors
Asia’s priciest address loses a buyer – who loses $4.6 million
A buyer has walked away from the purchase of a luxury house at Asia’s priciest address – losing a deposit of some $4.6 million. The unidentified buyer did not proceed with the transaction for a house on the Mount Nicholson development on Hong Kong Island, according to official documents, after agreeing to buy it for $92 million on December 31. It’s the latest sign of trouble in Hong Kong’s property market – the world’s priciest – which is cooling rapidly after two years of continuous surge. “It is definitely not good news for the market,” said JLL executive director Joseph Tsang. “There are stories about buyers walking away from their purchases every day, but this one is more eye-catching.”
Asia’s priciest address loses a buyer – who loses $4.6 million
Shoebox home in Hong Kong sold for $1 million
Got one million dollars? Then you can afford a 209-sq ft apartment in Hong Kong. That’s smaller than the area you’d get if you combined two parking spaces. An apartment in the city’s upscale Pok Fu Lam neighborhood sold for $1 million this week, according to its developer. That price translates into $4,800 per sq ft – a record price for Hong Kong’s so-called micro-apartments.  The studio flat consists of an open area that serves as living room, bedroom and dining hall, plus a corner bathroom.  Another 310-sq ft apartment in the same building, constructed by Kowloon Development, was recently sold for $1.4 million. Hong Kong has been the world’s least affordable property market for eight year
Shoebox home in Hong Kong sold for $1 million