Lam Ka-sing

Hong Kong

Lam Ka-sing

Reporter, Business

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.

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Latest from Lam Ka-sing

Lohas Park phase 13’s massive investment outlay likely to attract bids only from top developers and consortiums

Only around 10 players are likely to submit bids for phase 13, which will see up to 2,500 flats built at a cost of between HK$17 billion and HK$20 billion.

28 Oct 2020 - 11:00AM

Only around 10 players are likely to submit bids for phase 13, which will see up to 2,500 flats built at a cost of between HK$17 billion and HK$20 billion.

Lohas Park phase 13’s massive investment outlay likely to attract bids only from top developers and consortiums
Axed Cathay Pacific staff may not stay unemployed for long as property agents, insurers snap them up, absorbing shock of Hong Kong’s biggest ever lay-off

Hong Kong companies are racing to recruit cabin crew and ground staff let go by the flagship carrier in a move that may take some of the sting out of the city’s biggest ever corporate lay-off.

28 Oct 2020 - 12:14PM

Hong Kong companies are racing to recruit cabin crew and ground staff let go by the flagship carrier in a move that may take some of the sting out of the city’s biggest ever corporate lay-off.

Axed Cathay Pacific staff may not stay unemployed for long as property agents, insurers snap them up, absorbing shock of Hong Kong’s biggest ever lay-off
World’s costliest office market shows first signs of weakness, as Hong Kong withdraws biggest commercial site this year, developer cuts rent at Kai Tak tower by 20 per cent

In the first signs of a slowdown in Hong Kong’s office property market, the city withdrew this year’s largest commercial site from tender, while Nan Fung lowered the asking rent for an office tower under construction by up to 20 per cent.

21 Oct 2020 - 11:12PM

In the first signs of a slowdown in Hong Kong’s office property market, the city withdrew this year’s largest commercial site from tender, while Nan Fung lowered the asking rent for an office tower under construction by up to 20 per cent.

World’s costliest office market shows first signs of weakness, as Hong Kong withdraws biggest commercial site this year, developer cuts rent at Kai Tak tower by 20 per cent
Vending machines enjoy a boom in Hong Kong as coronavirus drives sales of face masks, instant meals

Some of Hong Kong’s shopping mall and office landlords are slashing the rent they charge for vending machines because they enable transactions without physical contact and draw traffic.

21 Oct 2020 - 8:57AM

Some of Hong Kong’s shopping mall and office landlords are slashing the rent they charge for vending machines because they enable transactions without physical contact and draw traffic.

Vending machines enjoy a boom in Hong Kong as coronavirus drives sales of face masks, instant meals
China Evergrande fails to offload leftover units at The Emerald Bay Phase 2 project in Hong Kong

It had sold just seven out of 262 units as of 7pm local time, which agents attributed to an oversupply of new flats in the district.

16 Oct 2020 - 11:11PM

It had sold just seven out of 262 units as of 7pm local time, which agents attributed to an oversupply of new flats in the district.

China Evergrande fails to offload leftover units at The Emerald Bay Phase 2 project in Hong Kong
Where have all the buyers gone, as Hong Kong is poised for 12,000 new homes to flood the market in the next three months?

While 11,578 new homes in 38 projects could be launched this quarter, it is unlikely all of them will be sold.

13 Oct 2020 - 7:21PM

While 11,578 new homes in 38 projects could be launched this quarter, it is unlikely all of them will be sold.

Where have all the buyers gone, as Hong Kong is poised for 12,000 new homes to flood the market in the next three months?
Deutsche Bank subsidiary files petition seeking liquidation of Hong Kong-listed developer Goldin Financial Holdings

A subsidiary of Deutsche Bank has filed a petition in Bermuda seeking the liquidation of Hong Kong-listed developer Goldin Financial Holdings, the company said in a filing to the city’s exchange on Monday.

12 Oct 2020 - 10:42PM

A subsidiary of Deutsche Bank has filed a petition in Bermuda seeking the liquidation of Hong Kong-listed developer Goldin Financial Holdings, the company said in a filing to the city’s exchange on Monday.

Deutsche Bank subsidiary files petition seeking liquidation of Hong Kong-listed developer Goldin Financial Holdings
Coronavirus has failed to dent Hong Kong’s fintech push, future role as fundraising hub for bay area, say experts

The city’s finance industry has remained ‘vibrant’ with unemployment in the sector below 3 per cent, much better than the overall figure of 6.1 per cent , says Rocky Tung, a government adviser.

10 Oct 2020 - 8:30AM

The city’s finance industry has remained ‘vibrant’ with unemployment in the sector below 3 per cent, much better than the overall figure of 6.1 per cent , says Rocky Tung, a government adviser.

Coronavirus has failed to dent Hong Kong’s fintech push, future role as fundraising hub for bay area, say experts
Desperate landlords offer renovation subsidies to lure tenants as Hong Kong’s vacant office space hits 21-year high

Some Hong Kong landlords have begun offering a one-off subsidy to help new tenants fit out their office space as the vacancy rate hits a 21-year high.

8 Oct 2020 - 10:58PM

Some Hong Kong landlords have begun offering a one-off subsidy to help new tenants fit out their office space as the vacancy rate hits a 21-year high.

Desperate landlords offer renovation subsidies to lure tenants as Hong Kong’s vacant office space hits 21-year high
Hong Kong hoteliers cautious about openings even as third coronavirus wave eases and staycations rise during ‘golden week’

Hong Kong’s third coronavirus wave might have eased and local demand might have risen during the recent public holiday, but the city’s hotel operators are not taking any chances and remain cautious in what is still a challenging market.

7 Oct 2020 - 7:00AM

Hong Kong’s third coronavirus wave might have eased and local demand might have risen during the recent public holiday, but the city’s hotel operators are not taking any chances and remain cautious in what is still a challenging market.

Hong Kong hoteliers cautious about openings even as third coronavirus wave eases and staycations rise during ‘golden week’
Hong Kong’s home rental market faces tough fourth quarter as recession makes redundancies more likely

With many Hong Kong companies reliant on government handouts to stay afloat, more redundancies are likely in the next six months, which will dent local housing demand, says Savills.

5 Oct 2020 - 9:51AM

With many Hong Kong companies reliant on government handouts to stay afloat, more redundancies are likely in the next six months, which will dent local housing demand, says Savills.

Hong Kong’s home rental market faces tough fourth quarter as recession makes redundancies more likely
Cartier closes boutique at 1881 Heritage as it consolidates retail network in Tsim Sha Tsui amid Hong Kong’s luxury sales slump

The rationalisation underscores the strategic changes that retail operators must make to survive Hong Kong’s retail slump, as tourist arrivals trickled to a standstill.

3 Oct 2020 - 11:50PM

The rationalisation underscores the strategic changes that retail operators must make to survive Hong Kong’s retail slump, as tourist arrivals trickled to a standstill.

Cartier closes boutique at 1881 Heritage as it consolidates retail network in Tsim Sha Tsui amid Hong Kong’s luxury sales slump
Hong Kong retail landlords spice up festive weekends with rebates, live events as easier social-distancing rules lure shoppers back to malls

Hong Kong retail landlords are relishing the chance to fire up sales with a new round of incentives to complement online promotions as easier social-distancing rules lure shoppers back to malls.

1 Oct 2020 - 10:03PM

Hong Kong retail landlords are relishing the chance to fire up sales with a new round of incentives to complement online promotions as easier social-distancing rules lure shoppers back to malls.

Hong Kong retail landlords spice up festive weekends with rebates, live events as easier social-distancing rules lure shoppers back to malls
Hong Kong’s August home price index drops by the most in six months as recession, Covid-19 sap investment appetite

The data, a lagging indicator in the secondary market, underscores the uncertainties in the world’s most expensive real estate market, as owner-occupiers and investors grapple with the best timing to take the plunge.

30 Sep 2020 - 4:23PM

The data, a lagging indicator in the secondary market, underscores the uncertainties in the world’s most expensive real estate market, as owner-occupiers and investors grapple with the best timing to take the plunge.

Hong Kong’s August home price index drops by the most in six months as recession, Covid-19 sap investment appetite
Hong Kong tycoon King Cho accumulates car parking spaces in Greater Bay Area betting on growth potential

Dubbed the ‘king of car parks’, Hong Kong investor King Cho plans to spend over US$100 million to grow his portfolio of car parking spaces in the bay area.

30 Sep 2020 - 11:21AM

Dubbed the ‘king of car parks’, Hong Kong investor King Cho plans to spend over US$100 million to grow his portfolio of car parking spaces in the bay area.

Hong Kong tycoon King Cho accumulates car parking spaces in Greater Bay Area betting on growth potential
Hong Kong office rents expected to decline 30 per cent this year, as work from home becomes more common in mid to long term

Hong Kong’s office leasing market faces a new low this year, with rents declining by as much as 30 per cent, as companies assess their need for space and adopt work from home arrangements because of the coronavirus pandemic, analysts said.

27 Sep 2020 - 10:39PM

Hong Kong’s office leasing market faces a new low this year, with rents declining by as much as 30 per cent, as companies assess their need for space and adopt work from home arrangements because of the coronavirus pandemic, analysts said.

Hong Kong office rents expected to decline 30 per cent this year, as work from home becomes more common in mid to long term
Hong Kong developer Swire Properties to launch Eight Star Street residential project after acquiring prime Wan Chai site over 15 years

Swire Properties is among major developers in the city that are actively building up their land banks through the acquisition of old buildings for housing projects in urban areas amid a limited supply of fresh plots.

24 Sep 2020 - 11:01PM

Swire Properties is among major developers in the city that are actively building up their land banks through the acquisition of old buildings for housing projects in urban areas amid a limited supply of fresh plots.

Hong Kong developer Swire Properties to launch Eight Star Street residential project after acquiring prime Wan Chai site over 15 years
Developers eye Guishan Island’s reclamation to augment Lantau plan in easing Hong Kong’s land woes in test for Greater Bay Area

The Guishan proposal is the most ambitious plan to untie the Gordian knot of housing affordability in the world’s most expensive urban centre ever since Hong Kong’s Chief Executive Carrie Lam Cheng Yuet-ngor signed off on the Lantau Tomorrow Vision last year.

23 Sep 2020 - 8:30AM

The Guishan proposal is the most ambitious plan to untie the Gordian knot of housing affordability in the world’s most expensive urban centre ever since Hong Kong’s Chief Executive Carrie Lam Cheng Yuet-ngor signed off on the Lantau Tomorrow Vision last year.

Developers eye Guishan Island’s reclamation to augment Lantau plan in easing Hong Kong’s land woes in test for Greater Bay Area
Sun Hung Kai Properties makes massive changes to West Kowloon project, drops one tower and adds more open space

The project, to be completed in phases by 2028, includes a 1.5km walkway, 38,000 sq ft of open space for central plaza, a mall and two office towers.

19 Sep 2020 - 1:04PM

The project, to be completed in phases by 2028, includes a 1.5km walkway, 38,000 sq ft of open space for central plaza, a mall and two office towers.

Sun Hung Kai Properties makes massive changes to West Kowloon project, drops one tower and adds more open space
Macau hotels and casinos look forward to upcoming golden week holiday as travel restrictions with China are eased

Five out of the 23 hotels tracked by Morgan Stanley have been fully booked for the first five days of October, compared to 16 during the golden week holiday last year.

17 Sep 2020 - 10:34PM

Five out of the 23 hotels tracked by Morgan Stanley have been fully booked for the first five days of October, compared to 16 during the golden week holiday last year.

Macau hotels and casinos look forward to upcoming golden week holiday as travel restrictions with China are eased
Hong Kong retail sector fortunes polarised as fresh food shops get pandemic boost

Shops selling fresh meat and seafood thrived as people avoided restaurants and cooked at home, while clothing stores and jewellers suffered a catastrophic downturn.

16 Sep 2020 - 8:50AM

Shops selling fresh meat and seafood thrived as people avoided restaurants and cooked at home, while clothing stores and jewellers suffered a catastrophic downturn.

Hong Kong retail sector fortunes polarised as fresh food shops get pandemic boost
Hong Kong’s retail sector, stuck in the doldrums, pushes vacancy rate of street-level shops to record high

The vacancy rate in the main shopping districts of Causeway Bay, Mong Kok, Central and Tsim Sha Tsui has reached a record high of 12.6 per cent, says Midland IC&I.

15 Sep 2020 - 11:44PM

The vacancy rate in the main shopping districts of Causeway Bay, Mong Kok, Central and Tsim Sha Tsui has reached a record high of 12.6 per cent, says Midland IC&I.

Hong Kong’s retail sector, stuck in the doldrums, pushes vacancy rate of street-level shops to record high
Harbour City offers more concession to beleaguered tenants but dozens refuse to sign up as they find terms stifling

Harbour City says tenants signing up to the new offer can cut the duration of lease to 12 months from 18 months previously, but other strict terms still apply.

15 Sep 2020 - 8:40AM

Harbour City says tenants signing up to the new offer can cut the duration of lease to 12 months from 18 months previously, but other strict terms still apply.

Harbour City offers more concession to beleaguered tenants but dozens refuse to sign up as they find terms stifling
Sun Hung Kai Properties banks on more reversal of Covid-19 containment measures to revive retail, hotel businesses

Hong Kong’s biggest developer is banking on easier Covid-19 containment measures to help revive its stricken retail and hotel businesses and pull the city’s economy out of recession.

10 Sep 2020 - 10:52PM

Hong Kong’s biggest developer is banking on easier Covid-19 containment measures to help revive its stricken retail and hotel businesses and pull the city’s economy out of recession.

Sun Hung Kai Properties banks on more reversal of Covid-19 containment measures to revive retail, hotel businesses
Rising vacancy, sliding rents in Hong Kong signal cracks in world’s most expensive retail strip to persist into new year

Russell Street, the world’s most expensive retail strip, is likely to endure another six months of industry slump as shop owners struggle to replace premium tenants amid a recession.

10 Sep 2020 - 2:38PM

Russell Street, the world’s most expensive retail strip, is likely to endure another six months of industry slump as shop owners struggle to replace premium tenants amid a recession.

Rising vacancy, sliding rents in Hong Kong signal cracks in world’s most expensive retail strip to persist into new year
Hong Kong’s hotel investment market reels from coronavirus, protests, with prices tumbling and landlords suing

Only one hotel property in Hong Kong has changed hands successfully – at a steep discount – so far this year compared with seven in the first eight months of 2019 as the industry reels from a lack of tourists amid Covid-19.

9 Sep 2020 - 8:41AM

Only one hotel property in Hong Kong has changed hands successfully – at a steep discount – so far this year compared with seven in the first eight months of 2019 as the industry reels from a lack of tourists amid Covid-19.

Hong Kong’s hotel investment market reels from coronavirus, protests, with prices tumbling and landlords suing
Jiangmen needs a signature company like Shenzhen’s Tencent to thrive as a Greater Bay Area industrial base, Colliers says

The manufacturing city in the west of the bay area is attracting new businesses as it modernises, but it needs a ‘core industry’, says Bryan Chan of Colliers.

7 Sep 2020 - 8:55AM

The manufacturing city in the west of the bay area is attracting new businesses as it modernises, but it needs a ‘core industry’, says Bryan Chan of Colliers.

Jiangmen needs a signature company like Shenzhen’s Tencent to thrive as a Greater Bay Area industrial base, Colliers says
Explainer | ASML, Huawei and Qualcomm may be caught in the crossfire as SMIC runs risk of US blacklist in escalating tech war

The Trump administration is considering whether to add SMIC to a trade blacklist, which would force US suppliers to seek a difficult-to-obtain licence before shipping to the company, a Pentagon spokeswoman told Reuters on Friday.

6 Sep 2020 - 5:11PM

The Trump administration is considering whether to add SMIC to a trade blacklist, which would force US suppliers to seek a difficult-to-obtain licence before shipping to the company, a Pentagon spokeswoman told Reuters on Friday.

ASML, Huawei and Qualcomm may be caught in the crossfire as SMIC runs risk of US blacklist in escalating tech war
Hong Kong property transactions sink to lowest level since April as third wave of coronavirus weighs on sentiment

Although transaction volume slumped in August, agents expect buying sentiment to improve as the local Covid-19 outbreak is brought under control.

3 Sep 2020 - 10:26PM

Although transaction volume slumped in August, agents expect buying sentiment to improve as the local Covid-19 outbreak is brought under control.

Hong Kong property transactions sink to lowest level since April as third wave of coronavirus weighs on sentiment
Landlords of Hong Kong’s ‘Ginza-style’ commercial buildings slash rents and target non-restaurant tenants amid coronavirus downturn

Buildings in Hong Kong housing restaurants, bars and shops on higher floors – known by the Japanese term ‘Ginza’ – are struggling to retain tenants as previously unaffordable street-level rents tumble.

2 Sep 2020 - 8:28AM

Buildings in Hong Kong housing restaurants, bars and shops on higher floors – known by the Japanese term ‘Ginza’ – are struggling to retain tenants as previously unaffordable street-level rents tumble.

Landlords of Hong Kong’s ‘Ginza-style’ commercial buildings slash rents and target non-restaurant tenants amid coronavirus downturn