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

Hong Kong’s office rental market shows signs of recovery as more space is taken up than vacated for first time in two years

The three months to September saw ‘net absorption’ for the first time in two years, meaning more space was taken up than vacated, according to Cushman & Wakefield.

The three months to September saw ‘net absorption’ for the first time in two years, meaning more space was taken up than vacated, according to Cushman & Wakefield.

Hong Kong’s office rental market shows signs of recovery as more space is taken up than vacated for first time in two years
12 Oct 2021 - 10:48PM
Global property prices set to lose upside momentum on negative policy shock and China slowdown

Growth in real estate prices is set to moderate as global central banks start to lift interest rates, China’s market-cooling measures bite.

Growth in real estate prices is set to moderate as global central banks start to lift interest rates, China’s market-cooling measures bite.

Global property prices set to lose upside momentum on negative policy shock and China slowdown
12 Oct 2021 - 6:07PM
Evergrande’s bid to sell Yuen Long plot, included in Hong Kong’s proposed Northern Metropolis, draws little interest

Evergrande, which has invested US$1.1 billion on the 2.2 million sq ft plot, was reportedly willing to sell it for a loss of US$115.6 million.

Evergrande, which has invested US$1.1 billion on the 2.2 million sq ft plot, was reportedly willing to sell it for a loss of US$115.6 million.

Evergrande’s bid to sell Yuen Long plot, included in Hong Kong’s proposed Northern Metropolis, draws little interest
11 Oct 2021 - 10:33PM
Hong Kong property deals set to plunge in October amid fears Beijing is tightening its grip on the housing market

The number of properties changing hands is likely to fall by more than 20 per cent, say analysts, after Chinese officials reportedly told local developers to use their influence to champion state interests.

The number of properties changing hands is likely to fall by more than 20 per cent, say analysts, after Chinese officials reportedly told local developers to use their influence to champion state interests.

Hong Kong property deals set to plunge in October amid fears Beijing is tightening its grip on the housing market
6 Oct 2021 - 11:05PM
Rare residential plot in Repulse Bay likely to draw strong bids from developers as outlook for luxury housing improves

The small plot, worth an estimated HK$900 million, is the first in Repulse Bay to come up for government tender in nine years and is likely to attract the attention of developers, according to analysts.

The small plot, worth an estimated HK$900 million, is the first in Repulse Bay to come up for government tender in nine years and is likely to attract the attention of developers, according to analysts.

Rare residential plot in Repulse Bay likely to draw strong bids from developers as outlook for luxury housing improves
6 Oct 2021 - 3:17PM
US home prices grew 3.5 times faster than China in second quarter as Evergrande crisis weighs on sentiment: Knight Frank

While home prices in the US jumped 19.6 per cent in the second quarter compared to 5.6 per cent in China, the gap is expected to narrow, say analysts.

While home prices in the US jumped 19.6 per cent in the second quarter compared to 5.6 per cent in China, the gap is expected to narrow, say analysts.

US home prices grew 3.5 times faster than China in second quarter as Evergrande crisis weighs on sentiment: Knight Frank
6 Oct 2021 - 6:59AM
Bad news for Hong Kong tenants as rents predicted to chart record-high in coming months

Improving economic outlook proves a headache for tenants as they grapple with higher rents. It could get worse in the coming months on supply deficit.

Improving economic outlook proves a headache for tenants as they grapple with higher rents. It could get worse in the coming months on supply deficit.

Bad news for Hong Kong tenants as rents predicted to chart record-high in coming months
5 Oct 2021 - 7:01PM
New World submits proposal to demolish and rebuild part of The Pavilia Farm project hit by construction defects

Company is awaiting approval from the Buildings Department to demolish and rebuild towers one and eight of the third phase of the project in Tai Wai, says Adrian Cheng.

Company is awaiting approval from the Buildings Department to demolish and rebuild towers one and eight of the third phase of the project in Tai Wai, says Adrian Cheng.

New World submits proposal to demolish and rebuild part of The Pavilia Farm project hit by construction defects
30 Sep 2021 - 7:36PM
Hong Kong keeps third-quarter land supply steady as focus shifts to Carrie Lam’s October 6 plan to ease city’s housing shortage

The unchanged policy focuses the spotlight on Chief Executive Carrie Lam Cheng Yuet-ngor when she is widely expected to deliver a blueprint to boost land supply and alleviate housing shortage in her final policy address on October 6.

The unchanged policy focuses the spotlight on Chief Executive Carrie Lam Cheng Yuet-ngor when she is widely expected to deliver a blueprint to boost land supply and alleviate housing shortage in her final policy address on October 6.

Hong Kong keeps third-quarter land supply steady as focus shifts to Carrie Lam’s October 6 plan to ease city’s housing shortage
4 Oct 2021 - 2:32PM
Carrie Lam’s policy address could push Hong Kong developers to put 10,000 flats up for sale in fourth quarter

As many as 10,000 new flats may become available for sale in the fourth quarter in Hong Kong, after Carrie Lam Cheng Yuet-ngor, the city’s leader, unveils a widely expected blueprint for increasing land supply on October 6.

As many as 10,000 new flats may become available for sale in the fourth quarter in Hong Kong, after Carrie Lam Cheng Yuet-ngor, the city’s leader, unveils a widely expected blueprint for increasing land supply on October 6.

Carrie Lam’s policy address could push Hong Kong developers to put 10,000 flats up for sale in fourth quarter
4 Oct 2021 - 2:32PM
Hong Kong home prices slip from all-time high amid concerns about stock market wealth, policy speculation

Lived-in home prices retreated in August for the first time this year from an all-time high. Analysts blamed it on concerns surrounding negative wealth effect and policy curbs.

Lived-in home prices retreated in August for the first time this year from an all-time high. Analysts blamed it on concerns surrounding negative wealth effect and policy curbs.

Hong Kong home prices slip from all-time high amid concerns about stock market wealth, policy speculation
28 Sep 2021 - 10:32PM
Veteran Hong Kong investors take advantage of recovery in non-residential property sector to exit holdings

The family of Tang Shing-bor, who died in May and was known as the ‘shop king’, is selling 39 properties, while Lam Hiu-ngai, the founder of Kai Bo Food Supermarket, has put 21 properties up for sale.

The family of Tang Shing-bor, who died in May and was known as the ‘shop king’, is selling 39 properties, while Lam Hiu-ngai, the founder of Kai Bo Food Supermarket, has put 21 properties up for sale.

Veteran Hong Kong investors take advantage of recovery in non-residential property sector to exit holdings
28 Sep 2021 - 7:13PM
Bank of China dangles cash reward for going green with mortgages for sustainable housing

The local unit of China’s third-largest lender is teaming up with developers to reward homebuyers for choosing residential projects with green credentials.

The local unit of China’s third-largest lender is teaming up with developers to reward homebuyers for choosing residential projects with green credentials.

Bank of China dangles cash reward for going green with mortgages for sustainable housing
22 Sep 2021 - 7:30AM
Hong Kong’s banks pull the plug on a second unfinished housing project, halting mortgage loans to Kwai Hung’s Mangrove flats

HSBC, Bank of China (Hong Kong), Hang Seng Bank, Bank of East Asia and Standard Chartered are lenders that have stayed away from mortgages for uncompleted units at Kwai Hung Group’s Mangrove development. All 130 units at the development in Hung Hom will be up for sale this Saturday.

HSBC, Bank of China (Hong Kong), Hang Seng Bank, Bank of East Asia and Standard Chartered are lenders that have stayed away from mortgages for uncompleted units at Kwai Hung Group’s Mangrove development. All 130 units at the development in Hung Hom will be up for sale this Saturday.

Hong Kong’s banks pull the plug on a second unfinished housing project, halting mortgage loans to Kwai Hung’s Mangrove flats
17 Sep 2021 - 1:12PM
Citibank posts US$41.1 million windfall from selling a Hong Kong outlet, in a sign that commercial property market is bottoming out

Citibank sold a shop in Hong Kong’s Central business district at a profit of HK$320 million (US$41.1 million) last month, according to Land Registry records.

Citibank sold a shop in Hong Kong’s Central business district at a profit of HK$320 million (US$41.1 million) last month, according to Land Registry records.

Citibank posts US$41.1 million windfall from selling a Hong Kong outlet, in a sign that commercial property market is bottoming out
16 Sep 2021 - 9:35AM
Standard Chartered eyes threefold increase in wealth management revenues from Greater Bay Area

Standard Chartered plans to hire 1,500 people over the next three to four years to support its overall Greater Bay Area plan as it eyes a slice of the US$46.5 billion Wealth Management Connect.

Standard Chartered plans to hire 1,500 people over the next three to four years to support its overall Greater Bay Area plan as it eyes a slice of the US$46.5 billion Wealth Management Connect.

Standard Chartered eyes threefold increase in wealth management revenues from Greater Bay Area
15 Sep 2021 - 11:08PM
Magnum Real Estate to accept bitcoin in sale of Manhattan retail properties in another first for US commercial market

Potential buyers from anywhere, including Hongkongers or mainland Chinese, can buy the Manhattan retail assets with bitcoin.

Potential buyers from anywhere, including Hongkongers or mainland Chinese, can buy the Manhattan retail assets with bitcoin.

Magnum Real Estate to accept bitcoin in sale of Manhattan retail properties in another first for US commercial market
14 Sep 2021 - 6:52PM
Sun Hung Kai chairman pins retail, hospitality recovery hopes on ‘normal flow of people’ between Hong Kong, mainland

The progress of vaccinations and the lifting of cross-border travel restrictions were prerequisites for a full recovery of the retail sector, Raymond Kwok Ping-luen, SHKP’s chairman and managing director, said on Thursday.

The progress of vaccinations and the lifting of cross-border travel restrictions were prerequisites for a full recovery of the retail sector, Raymond Kwok Ping-luen, SHKP’s chairman and managing director, said on Thursday.

Sun Hung Kai chairman pins retail, hospitality recovery hopes on ‘normal flow of people’ between Hong Kong, mainland
9 Sep 2021 - 9:34PM
Hong Kong steps in to protect buyers of Grand Homm flats, letting customers rip up contracts with refunds and interest

The move opens the way for buyers of Grand Homm’s luxury apartments to back out of property magnate Pan Sutong’s private project and underscores how cost overruns are putting the squeeze on the magnate.

The move opens the way for buyers of Grand Homm’s luxury apartments to back out of property magnate Pan Sutong’s private project and underscores how cost overruns are putting the squeeze on the magnate.

Hong Kong steps in to protect buyers of Grand Homm flats, letting customers rip up contracts with refunds and interest
8 Sep 2021 - 9:45PM
Vanuatu to become more popular among mainland Chinese, Hong Kong investors once it allows property investment for residency, passport

Vanuatu in the South Pacific Ocean is expected to attract more investors from Hong Kong and mainland China once it launches a real estate investment for residency programme.

Vanuatu in the South Pacific Ocean is expected to attract more investors from Hong Kong and mainland China once it launches a real estate investment for residency programme.

Vanuatu to become more popular among mainland Chinese, Hong Kong investors once it allows property investment for residency, passport
8 Sep 2021 - 7:30AM
Hong Kong bans Pan Sutong from pre-selling Grand Homm flats in Ho Man Tin amid concern over developer’s cash crunch

The ban, the first exercise of the local authority’s mandate since presale consent was granted in 2013, marked an unprecedented step to deter unfinished residential projects from blighting the cityscape.

The ban, the first exercise of the local authority’s mandate since presale consent was granted in 2013, marked an unprecedented step to deter unfinished residential projects from blighting the cityscape.

Hong Kong bans Pan Sutong from pre-selling Grand Homm flats in Ho Man Tin amid concern over developer’s cash crunch
7 Sep 2021 - 11:24PM
Fivelements to shut Times Square spa amid quibbles over rent, as uncertainties of Hong Kong’s recovery stymies businesses

Fivelements is the latest to pull back, as businesses grapple with how to price Hong Kong’s commercial real estate while consumption is yet to fully recover.

Fivelements is the latest to pull back, as businesses grapple with how to price Hong Kong’s commercial real estate while consumption is yet to fully recover.

Fivelements to shut Times Square spa amid quibbles over rent, as uncertainties of Hong Kong’s recovery stymies businesses
3 Sep 2021 - 9:21AM
Security tokens will boost multibillion dollar Asia-Pacific investment property sector, market players say

The multibillion dollar Asia-Pacific investment property market could be boosted by the use of security tokens, which could allow individual professional investors to take part in large-scale projects with entry tickets prices possibly as low as US$128.

The multibillion dollar Asia-Pacific investment property market could be boosted by the use of security tokens, which could allow individual professional investors to take part in large-scale projects with entry tickets prices possibly as low as US$128.

Security tokens will boost multibillion dollar Asia-Pacific investment property sector, market players say
1 Sep 2021 - 8:30AM
China to cap annual urban rent increases at 5 per cent to rein in runaway prices and make homes affordable to job seekers

The latest move follows a raft of administrative rules and crackdowns enforced across dozens of Chinese cities since at least 2016, as the government sought to rein in runaway rental and sales prices in the country’s white hot residential property market.

The latest move follows a raft of administrative rules and crackdowns enforced across dozens of Chinese cities since at least 2016, as the government sought to rein in runaway rental and sales prices in the country’s white hot residential property market.

China to cap annual urban rent increases at 5 per cent to rein in runaway prices and make homes affordable to job seekers
31 Aug 2021 - 10:59PM
Hong Kong home prices approach all-time high as analysts see headwinds toward year-end

Prices of lived-in homes should break an all-time high last seen in May 2019 even as property analysts see challenges from stock market swoon and emigration.

Prices of lived-in homes should break an all-time high last seen in May 2019 even as property analysts see challenges from stock market swoon and emigration.

Hong Kong home prices approach all-time high as analysts see headwinds toward year-end
27 Aug 2021 - 9:29PM
Midland, Hong Kong’s only listed property agency, warns that emigration could threaten economic development and housing market

Midland Holdings, Hong Kong’s only listed property agency, said on Thursday that a sustained wave of emigration could threaten the development of the city, its economic recovery and the housing market.

Midland Holdings, Hong Kong’s only listed property agency, said on Thursday that a sustained wave of emigration could threaten the development of the city, its economic recovery and the housing market.

Midland, Hong Kong’s only listed property agency, warns that emigration could threaten economic development and housing market
26 Aug 2021 - 10:37PM
Hong Kong’s property deals rise to two-year high as Chinese buyers, foreign investors snap up shops, offices and parking bays

The investment boom underpinned Hong Kong’s economic recovery, helped by a tapering in the Covid-19 outbreak.

The investment boom underpinned Hong Kong’s economic recovery, helped by a tapering in the Covid-19 outbreak.

Hong Kong’s property deals rise to two-year high as Chinese buyers, foreign investors snap up shops, offices and parking bays
27 Aug 2021 - 10:13AM
New launches prevent Hong Kong’s housing estates from breaking price records as property supply glut lingers

Of the 133 major housing estates tracked by Centaline Property Agency, 77 are yet to scale new heights in terms of average price, even though the overall gauge for lived-in units across the city recently soared to a record.

Of the 133 major housing estates tracked by Centaline Property Agency, 77 are yet to scale new heights in terms of average price, even though the overall gauge for lived-in units across the city recently soared to a record.

New launches prevent Hong Kong’s housing estates from breaking price records as property supply glut lingers
25 Aug 2021 - 8:30AM
HNA’s creditors put former chairman’s US$56 million Hong Kong penthouse up for sale in one of city’s biggest foreclosures

The flat was previously owned by Billion Able, which had HNA chairman Chen Feng as its director. The firm bought it in 2015 for US$55.6 million.

The flat was previously owned by Billion Able, which had HNA chairman Chen Feng as its director. The firm bought it in 2015 for US$55.6 million.

HNA’s creditors put former chairman’s US$56 million Hong Kong penthouse up for sale in one of city’s biggest foreclosures
19 Aug 2021 - 9:49PM
More mainland Chinese landlords will open co-working spaces in Hong Kong as a low-risk route into the office sector, say analysts

Hui Wing-mau, the chairman of Shanghai-based Shimao Property Holdings, has just opened his new flexible working space in the world’s most expensive office building, The Center, in Hong Kong’s Central district.

Hui Wing-mau, the chairman of Shanghai-based Shimao Property Holdings, has just opened his new flexible working space in the world’s most expensive office building, The Center, in Hong Kong’s Central district.

More mainland Chinese landlords will open co-working spaces in Hong Kong as a low-risk route into the office sector, say analysts
19 Aug 2021 - 3:00PM