Lam Ka-sing

Lam Ka-sing is a business reporter who covers property affairs and results. He joined the Post in 2017 and has a degree in international journalism from Hong Kong Baptist University.
Lam Ka-sing
Lam Ka-sing is a business reporter who covers property affairs and results. He joined the Post in 2017 and has a degree in international journalism from Hong Kong Baptist University.

Latest from Lam Ka-sing

More banks are predicting declines in Hong Kong home prices, as persistent public unrest sours mood, crimps transactions

Hong Kong’s property bull run, which had just regained its pace in the first half after a five-month correction, began to stumble again in June after an estimated 1 million people marched on the streets against an unpopular extradition bill, unleashing wave after wave of rallies, work strikes, sit-ins and public unrest.

20 Aug 2019 - 11:05PM

Hong Kong’s property bull run, which had just regained its pace in the first half after a five-month correction, began to stumble again in June after an estimated 1 million people marched on the streets against an unpopular extradition bill, unleashing wave after wave of rallies, work strikes, sit-ins and public unrest.

More banks are predicting declines in Hong Kong home prices, as persistent public unrest sours mood, crimps transactions
Some Chinese buyers are hitting the panic button, selling their homes for losses as Hong Kong rallies extend into the 12th week

The number of cases of Chinese investors selling at a big loss may increase if protests continue and the economy does not pick up, said Hendrick Leung, director and general manager at Centaline Finance.

20 Aug 2019 - 7:40PM

The number of cases of Chinese investors selling at a big loss may increase if protests continue and the economy does not pick up, said Hendrick Leung, director and general manager at Centaline Finance.

Some Chinese buyers are hitting the panic button, selling their homes for losses as Hong Kong rallies extend into the 12th week
Missing tycoon Xiao Jianhua’s relatives sell Causeway Bay shop for a massive 31 per cent loss

Unit in Causeway Place shopping centre was owned by the sister and brother-in-law of the Chinese billionaire Xiao Jianhua, who bought it in 2013 for HK$26.23 million.

17 Aug 2019 - 9:08AM

Unit in Causeway Place shopping centre was owned by the sister and brother-in-law of the Chinese billionaire Xiao Jianhua, who bought it in 2013 for HK$26.23 million.

Missing tycoon Xiao Jianhua’s relatives sell Causeway Bay shop for a massive 31 per cent loss
Owners in Yuen Long and North Point begin to sell properties at a loss to escape the worsening social turmoil

Homeowners in Yuen Long and North Point, which have seen some violent clashes in the ongoing protests, have reduced their prices between 5-10 per cent, say agents.

15 Aug 2019 - 11:48AM

Homeowners in Yuen Long and North Point, which have seen some violent clashes in the ongoing protests, have reduced their prices between 5-10 per cent, say agents.

Owners in Yuen Long and North Point begin to sell properties at a loss to escape the worsening social turmoil
China’s push back on dual passports may derail investment immigration schemes

Potential crackdown on second passport holders would dampen Chinese enthusiasm for investing in overseas property, experts say.

14 Aug 2019 - 8:00AM

Potential crackdown on second passport holders would dampen Chinese enthusiasm for investing in overseas property, experts say.

China’s push back on dual passports may derail investment immigration schemes
Hysan Development, the biggest landlord in Causeway Bay, feels the brunt of protests, expects July sales drop in ‘early teens’

The operator of Hysan Place and Lee Theatre shopping centres expects its tenants to adopt a wait-and-see attitude before they sign new leases.

13 Aug 2019 - 11:34PM

The operator of Hysan Place and Lee Theatre shopping centres expects its tenants to adopt a wait-and-see attitude before they sign new leases.

Hysan Development, the biggest landlord in Causeway Bay, feels the brunt of protests, expects July sales drop in ‘early teens’
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
Hong Kong’s top builders spot a bargain as they submit tenders for Kai Tak plot whose value has been slashed

Market observers expect relatively conservative bids after CHFT Advisory and Appraisal cut its estimates for the plot by up to 20 per cent from between HK$4.25 billion and HK$4.5 billion to between HK$3.4 billion and HK$3.6 billion.

9 Aug 2019 - 11:15PM

Market observers expect relatively conservative bids after CHFT Advisory and Appraisal cut its estimates for the plot by up to 20 per cent from between HK$4.25 billion and HK$4.5 billion to between HK$3.4 billion and HK$3.6 billion.

Hong Kong’s top builders spot a bargain as they submit tenders for Kai Tak plot whose value has been slashed
Wharf Holdings warns China’s stringent property curbs could weigh on future profit

The company’s underlying profit fell 12 per cent in the first half to HK$2.24 billion from HK$2.53 billion a year earlier.

8 Aug 2019 - 11:09PM

The company’s underlying profit fell 12 per cent in the first half to HK$2.24 billion from HK$2.53 billion a year earlier.

Wharf Holdings warns China’s stringent property curbs could weigh on future profit
Hong Kong protesters call off Harbour City disruption after shopping centre’s owners ban police unless crime is being committed

Wharf Reic owns shopping centres in Tsim Sha Tsui, Causeway Bay and Diamond Hill, and has asked police not to enter unless a crime is being committed after protesters threaten ‘Summer Happy Hour’ disruption.

8 Aug 2019 - 11:44PM

Wharf Reic owns shopping centres in Tsim Sha Tsui, Causeway Bay and Diamond Hill, and has asked police not to enter unless a crime is being committed after protesters threaten ‘Summer Happy Hour’ disruption.

Hong Kong protesters call off Harbour City disruption after shopping centre’s owners ban police unless crime is being committed
Converting old civil servants’ buildings multiplies the number of flats and could help relieve Hong Kong’s land shortage, say analysts

Orion Court in Kowloon Tong, built under a government scheme to house civil servants, could yield three times more gross floor area after redevelopment

7 Aug 2019 - 8:00AM

Orion Court in Kowloon Tong, built under a government scheme to house civil servants, could yield three times more gross floor area after redevelopment

Converting old civil servants’ buildings multiplies the number of flats and could help relieve Hong Kong’s land shortage, say analysts
Hong Kong mall landlord Wharf says ‘perfect storm’ of trade war, anti-extradition bill protests has hurt retail

A “perfect storm” created by the coming together of the US-China trade war and Hong Kong’s anti-extradition bill protests has adversely affected retail sales at Times Square and Harbour City, two shopping centres owned by Wharf Real Estate Investment Company, it said on Tuesday.

7 Aug 2019 - 6:00AM

A “perfect storm” created by the coming together of the US-China trade war and Hong Kong’s anti-extradition bill protests has adversely affected retail sales at Times Square and Harbour City, two shopping centres owned by Wharf Real Estate Investment Company, it said on Tuesday.

Hong Kong mall landlord Wharf says ‘perfect storm’ of trade war, anti-extradition bill protests has hurt retail
Property buyers snap up Great Eagle Holdings’ flats in Tai Po even as two simultaneous rallies rattle Hong Kong’s nerves

The weekend sell-out would be the high point of a bleak week for the property industry, when a five-month price rally in used homes ended with June’s price gauge dropping by 0.8 per cent, according to Rating and Valuation Department data.

4 Aug 2019 - 10:54AM

The weekend sell-out would be the high point of a bleak week for the property industry, when a five-month price rally in used homes ended with June’s price gauge dropping by 0.8 per cent, according to Rating and Valuation Department data.

Property buyers snap up Great Eagle Holdings’ flats in Tai Po even as two simultaneous rallies rattle Hong Kong’s nerves
Hong Kong’s index of used homes fell in June as trade war, public unrest combine to stop property market bull run

Hong Kong’s property bull run has been hobbled since a June 9 march by an estimated 1 million protesters unleashed a wave of civil unrest that had never been seen in city of 7.5 million residents.

31 Jul 2019 - 10:37PM

Hong Kong’s property bull run has been hobbled since a June 9 march by an estimated 1 million protesters unleashed a wave of civil unrest that had never been seen in city of 7.5 million residents.

Hong Kong’s index of used homes fell in June as trade war, public unrest combine to stop property market bull run
This London online property agent is using group buying power to disrupt how flats are sold to overseas investors

UK online agent leverages group buying to provide discount investment properties targeted at overseas investors.

31 Jul 2019 - 5:21PM

UK online agent leverages group buying to provide discount investment properties targeted at overseas investors.

This London online property agent is using group buying power to disrupt how flats are sold to overseas investors
Shops in Causeway Bay see sales hit by Hong Kong protests, says landlord Hang Lung, as retail rents seen tanking

Knight Frank predicts rents for high-street shops will fall by up to 10 per cent in 2019 as major retail landlord says its tenants have taken a hit

30 Jul 2019 - 8:43PM

Knight Frank predicts rents for high-street shops will fall by up to 10 per cent in 2019 as major retail landlord says its tenants have taken a hit

Shops in Causeway Bay see sales hit by Hong Kong protests, says landlord Hang Lung, as retail rents seen tanking
Hong Kong property transactions drop by 48 per cent to yearly low, deposits worth HK$3.5 million forfeited as protests weigh on sentiment

Hong Kong homebuyers are having second thoughts about the biggest purchase of their lives, as nearly two months of unprecedented public unrest cast a pall over the city’s real-estate market.

31 Jul 2019 - 9:44PM

Hong Kong homebuyers are having second thoughts about the biggest purchase of their lives, as nearly two months of unprecedented public unrest cast a pall over the city’s real-estate market.

Hong Kong property transactions drop by 48 per cent to yearly low, deposits worth HK$3.5 million forfeited as protests weigh on sentiment
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
‘Let the police do their job’: Hong Kong stock exchange chief cautions against military intervention

PLA’s role is to protect national sovereignty, and ‘one country, two systems’ should be safeguarded, Charles Li says.

26 Jul 2019 - 6:26AM

PLA’s role is to protect national sovereignty, and ‘one country, two systems’ should be safeguarded, Charles Li says.

‘Let the police do their job’: Hong Kong stock exchange chief cautions against military intervention
Shopping mall owners take a drubbing in the stock market as Hong Kong protests damage confidence in retail sector

Swire Properties and Wharf Reic’s shares have declined the most since the huge rally on June 9 that kickstarted what has now been weeks of demonstrations punctuated by violent clashes with police

24 Jul 2019 - 11:07PM

Swire Properties and Wharf Reic’s shares have declined the most since the huge rally on June 9 that kickstarted what has now been weeks of demonstrations punctuated by violent clashes with police

Shopping mall owners take a drubbing in the stock market as Hong Kong protests damage  confidence in retail sector
Hong Kong sells Kai Tak’s biggest residential plot at discount as city’s unrest drives investors to sidelines and saps risk appetite

The sale comes at an inopportune moment, as the city’s business and investment sentiments are dampened by a combination of the year-long US-China trade war, and almost two months of deteriorating civic order in one of Asia’s safest urban centres.

30 Jul 2019 - 3:45PM

The sale comes at an inopportune moment, as the city’s business and investment sentiments are dampened by a combination of the year-long US-China trade war, and almost two months of deteriorating civic order in one of Asia’s safest urban centres.

Hong Kong sells Kai Tak’s biggest residential plot at discount as city’s unrest drives investors to sidelines and saps risk appetite
UK authorities fail to reassure investors in what could be the country’s biggest property scam this year

Investors in holiday homes and student accommodation projects in the United Kingdom have been left disappointed after authorities failed to provide a satisfactory response in what could be the country’s biggest property scam this year.

24 Jul 2019 - 7:30AM

Investors in holiday homes and student accommodation projects in the United Kingdom have been left disappointed after authorities failed to provide a satisfactory response in what could be the country’s biggest property scam this year.

UK authorities fail to reassure investors in what could be the country’s biggest property scam this year
Violence in Hong Kong’s Yuen Long casts long shadow over property projects in New Territories

Mob violence in areas such as Yuen Long will affect demand for new projects in the northern New Territories of Hong Kong, with sales expected to drop 20 per cent this month, Centaline Property Agency said on Tuesday.

23 Jul 2019 - 11:03PM

Mob violence in areas such as Yuen Long will affect demand for new projects in the northern New Territories of Hong Kong, with sales expected to drop 20 per cent this month, Centaline Property Agency said on Tuesday.

Violence in Hong Kong’s Yuen Long casts long shadow over property projects in New Territories
Hong Kong’s sky-high land prices force local developers to seek opportunities elsewhere

Far East, Swire Properties and Nan Fung are among the builders who have announced new projects abroad as it becomes more difficult to buy land at home

23 Jul 2019 - 10:33PM

Far East, Swire Properties and Nan Fung are among the builders who have announced new projects abroad as it becomes more difficult to buy land at home

Hong Kong’s sky-high land prices force local developers to seek opportunities elsewhere
Hong Kong’s property buyers are rushing for the sidelines to wait out city’s festering political crisis and almost-daily protest rallies

The downbeat forecast for July is a blow to Hong Kong’s property bull run, which had barely begun to recover its pace after a five-month stumble.

23 Jul 2019 - 3:02AM

The downbeat forecast for July is a blow to Hong Kong’s property bull run, which had barely begun to recover its pace after a five-month stumble.

Hong Kong’s property buyers are rushing for the sidelines to wait out city’s festering political crisis and almost-daily protest rallies
Developer of some of Hong Kong’s smallest abodes may have sold at a loss just to clear the flats off its books to avoid vacancy tax

Jiayuan International Group slashed prices of more than 300 units at the T-Plus development in Tuen Mun, pricing them close to what it would have paid to buy into the building

18 Jul 2019 - 12:02PM

Jiayuan International Group slashed prices of more than 300 units at the T-Plus development in Tuen Mun, pricing them close to what it would have paid to buy into the building

Developer of some of Hong Kong’s smallest abodes may have sold at a loss just to clear the flats off its books to avoid vacancy tax
Can Kai Tak, Hong Kong’s former airport, take off as the city’s second business district?

If Kai Tak’s past was a showcase of Hong Kong’s can-do spirit and entrepreneurship, its present reflects some of the problems that ail the city, rendering its future in doubt.

24 Jul 2019 - 12:34PM

If Kai Tak’s past was a showcase of Hong Kong’s can-do spirit and entrepreneurship, its present reflects some of the problems that ail the city, rendering its future in doubt.

Can Kai Tak, Hong Kong’s former airport, take off as the city’s second business district?
Developers set to unleash 817 flats in the biggest weekend sale since extradition bill protests rocked Hong Kong

Market observers believe the T-Plus project will be a sell-out as the massive price cuts of up to 37.6 per cent will tempt buyers.

12 Jul 2019 - 8:00AM

Market observers believe the T-Plus project will be a sell-out as the massive price cuts of up to 37.6 per cent will tempt buyers.

Developers set to unleash 817 flats in the biggest weekend sale since extradition bill protests rocked Hong Kong
Two Hong Kong banks cut valuation of used homes as civic unrest threatens to knock property bull run off its footing

Home prices in Hong Kong are poised for declines as the biggest spate of civic unrest in the city’s history threatens to push the property bull run off its footing.

10 Jul 2019 - 12:34AM

Home prices in Hong Kong are poised for declines as the biggest spate of civic unrest in the city’s history threatens to push the property bull run off its footing.

Two Hong Kong banks cut valuation of used homes as civic unrest threatens to knock property bull run off its footing
Hong Kong developers ramp up sales as buyers cheer signs of easing in US-China trade tensions

Buyers snapped up more than 700 new homes during weekend sales amid signs of an easing in Washington-Beijing tensions

3 Jul 2019 - 9:15AM

Buyers snapped up more than 700 new homes during weekend sales amid signs of an easing in Washington-Beijing tensions

Hong Kong developers ramp up sales as buyers cheer signs of easing in US-China trade tensions