Lam Ka-sing

Hong Kong

Lam Ka-sing

Reporter, Business

He joined the Post in 2017 and has won numerous awards. He has a Master of Science degree in real estate from the University of Hong Kong and a bachelor’s degree in international journalism from Hong Kong Baptist University. He is a student member in the general practice division of The Hong Kong Institute of Surveyors.

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Latest from Lam Ka-sing

Hong Kong’s lived-in home prices to revisit 2017 levels as more rate increases prolong housing market correction

The housing industry is due for further correction, according to property analysts, as some secondary-market transactions approached 2017 lows.

The housing industry is due for further correction, according to property analysts, as some secondary-market transactions approached 2017 lows.

28 Sep 2022 - 10:06AM
Young Hongkongers snap up cheap flats in Northern Metropolis as relaxed mortgage, quarantine rules offset rising interest rates

The scrapping of hotel quarantine requirements and a relaxation of mortgage rules boosted sales of cheaper new homes in the Northern Metropolis area, said analysts, as young buyers snapped up flats priced from HK$3.07 million (US$391,085) each.

The scrapping of hotel quarantine requirements and a relaxation of mortgage rules boosted sales of cheaper new homes in the Northern Metropolis area, said analysts, as young buyers snapped up flats priced from HK$3.07 million (US$391,085) each.

27 Sep 2022 - 10:00PM
First-home buyers swoop in on Sun Hung Kai’s Wetland flats to get ahead of Hong Kong’s first mortgage hikes in four years

The limited offer came on the day when five of Hong Kong’s largest banks raised their prime rates for the first time in four years, hot on the heels of a 75-basis point increase in base rate by the local monetary authority.

The limited offer came on the day when five of Hong Kong’s largest banks raised their prime rates for the first time in four years, hot on the heels of a 75-basis point increase in base rate by the local monetary authority.

22 Sep 2022 - 11:41PM
Hong Kong to see stronger demand for shop space under expected end of mandatory hotel quarantine, property executive says

One in nine street-level shops was vacant during a recent survey, but an end to quarantines for incoming travellers would boost retail and catering, according to a property executive.

One in nine street-level shops was vacant during a recent survey, but an end to quarantines for incoming travellers would boost retail and catering, according to a property executive.

21 Sep 2022 - 2:10PM
Hong Kong property market favours bargain hunters as prices drop, with 1 in 10 home sellers in August incurring a loss

The Hong Kong home market favours buyers as a looming prime rate hike and an ongoing wave of emigration continue to depress prices.

The Hong Kong home market favours buyers as a looming prime rate hike and an ongoing wave of emigration continue to depress prices.

20 Sep 2022 - 8:30AM
Recent Hong Kong homebuyers stand to lose millions as prices decline – some already have

Many people who bought flats in Hong Kong over the past five years are looking at a loss if they decide to sell now, as housing prices continue to slide. One has already lost HK$5.85 million (US$745,334).

Many people who bought flats in Hong Kong over the past five years are looking at a loss if they decide to sell now, as housing prices continue to slide. One has already lost HK$5.85 million (US$745,334).

14 Sep 2022 - 11:02AM
Dismal sales by Miami Quay shows Hong Kong’s home market is in a ‘depression’, expert says

Only about 30 per cent, or 41 of the 137 flats on sale at Miami Quay in Kai Tak have been sold, according to agents.

Only about 30 per cent, or 41 of the 137 flats on sale at Miami Quay in Kai Tak have been sold, according to agents.

12 Sep 2022 - 9:21PM
Sun Hung Kai Properties foresees constrained demand amid rising rates and Covid-19 disruptions, as profit declines

Hong Kong’s biggest developer by market capitalisation reported on Thursday a 3.8 per cent drop in underlying profit for the 12 months ending in June.

Hong Kong’s biggest developer by market capitalisation reported on Thursday a 3.8 per cent drop in underlying profit for the 12 months ending in June.

8 Sep 2022 - 7:30PM
Hong Kong property sellers roll out perks and promotions, but a bathtub video gets one agency into slightly hot water

Hong Kong property companies are offering a range of perks and – in the case of one agent – appearing in a bath towel in a video to entice potential buyers.

Hong Kong property companies are offering a range of perks and – in the case of one agent – appearing in a bath towel in a video to entice potential buyers.

6 Sep 2022 - 9:26AM
Hong Kong’s Swire Properties zeroes in on Shenzhen as part of its US$12.7 billion, 10-year investment plan

Swire plans to bring its Taikoo Li and Taikoo Hui mixed-use projects to Shenzhen. It recently signed an agreement with the Futian district government to develop a retail-led commercial project.

Swire plans to bring its Taikoo Li and Taikoo Hui mixed-use projects to Shenzhen. It recently signed an agreement with the Futian district government to develop a retail-led commercial project.

5 Sep 2022 - 8:30AM
Miami Quay sells at 10 per cent discount as Kai Tak developers grapple with monorail loss in a slowing housing market

The average price of second-hand homes have fallen in Hong Kong, as a resurgent Covid-19 outbreak – and the quarantine rules to contain it – has driven the city into a technical recession.

The average price of second-hand homes have fallen in Hong Kong, as a resurgent Covid-19 outbreak – and the quarantine rules to contain it – has driven the city into a technical recession.

3 Sep 2022 - 9:29AM
Hongkongers sell lived-in Home Ownership Scheme flats at losses, as rising interest rates weigh on sentiment

Buyers who paid high prices for their subsidised government housing flats under the Home Ownership Scheme (HOS), have resold at losses recently, as rising interest rates hurt buying sentiment.

Buyers who paid high prices for their subsidised government housing flats under the Home Ownership Scheme (HOS), have resold at losses recently, as rising interest rates hurt buying sentiment.

31 Aug 2022 - 8:30AM
Chinese Nike rival Xtep leverages social media, live-streaming to set record sales, downplays popular digital tokens

Xtep International is seeking to catch bigger home rivals Li Ning and Anta Sports Products in the footwear and apparel industry by leveraging the power of social media and live-streaming.

Xtep International is seeking to catch bigger home rivals Li Ning and Anta Sports Products in the footwear and apparel industry by leveraging the power of social media and live-streaming.

29 Aug 2022 - 8:20AM
Link, Yuexiu and SF set up Hong Kong guild for Reits to list and burnish city’s hub status for real estate investment trusts

Link Reit, Yuexiu Reit and SF Reit have joined hands to co-found the Hong Kong Reits Association and build a collaborative platform for the city’s HK$210 billion (US$26.7 billion) Reit sector, and strengthen Hong Kong’s status as an international financial centre.

Link Reit, Yuexiu Reit and SF Reit have joined hands to co-found the Hong Kong Reits Association and build a collaborative platform for the city’s HK$210 billion (US$26.7 billion) Reit sector, and strengthen Hong Kong’s status as an international financial centre.

25 Aug 2022 - 10:01PM
Hong Kong’s Link Reit to hold off action against tenants that owe rent following end of government moratorium

Link Reit, Asia’s largest real estate investment trust, said it would not immediately take legal action against tenants who owe rent following the end of a Hong Kong government enforced three-month ‘protection period’.

Link Reit, Asia’s largest real estate investment trust, said it would not immediately take legal action against tenants who owe rent following the end of a Hong Kong government enforced three-month ‘protection period’.

23 Aug 2022 - 10:49AM
Hong Kong seeks to raise plot ratios, building heights at Northern Metropolis projects to ease housing shortage

The Hong Kong government has applied to relax plot ratios and building height restrictions at 37 parcels of land by up to 30 per cent in northern Fanling and Kwu Tung, as part of its Northern Metropolis development plan to boost the city’s housing supply.

The Hong Kong government has applied to relax plot ratios and building height restrictions at 37 parcels of land by up to 30 per cent in northern Fanling and Kwu Tung, as part of its Northern Metropolis development plan to boost the city’s housing supply.

19 Aug 2022 - 10:04PM
HSBC raises mortgage rate, dealing a blow to Hong Kong homeowners, with other banks set to follow suit

HSBC’s move means someone taking on a HK$5 million (US$637,385) mortgage over a 30-year period at a rate of Hibor+1.3 per cent, will pay an extra HK$656 a month, according to mReferral.

HSBC’s move means someone taking on a HK$5 million (US$637,385) mortgage over a 30-year period at a rate of Hibor+1.3 per cent, will pay an extra HK$656 a month, according to mReferral.

18 Aug 2022 - 9:10PM
URA’s Kwun Tong town centre redevelopment tender likely to draw muted response amid bleak economic outlook, analysts say

Market observers expect only three to four bids from top developers given the economic outlook and diminished valuation for the site.

Market observers expect only three to four bids from top developers given the economic outlook and diminished valuation for the site.

17 Aug 2022 - 8:40AM
Casino operator Wynn Macau paints dire picture after first-half loss widens by two-thirds to US$459 million

The company’s net loss increased by 66.8 per cent to HK$3.6 billion (US$459 million) for the six months ending on June 30, according to an exchange filing on Thursday.

The company’s net loss increased by 66.8 per cent to HK$3.6 billion (US$459 million) for the six months ending on June 30, according to an exchange filing on Thursday.

12 Aug 2022 - 4:44PM
Hong Kong’s MTR subway network fails to stem sliding prices as real estate slump picks up pace

The secondary housing market is sinking further into the gloom as interest rate rises, competition from cheap new developments and a wave of emigration take a toll on demand, according to analysts.

The secondary housing market is sinking further into the gloom as interest rate rises, competition from cheap new developments and a wave of emigration take a toll on demand, according to analysts.

11 Aug 2022 - 3:24PM
Langfang city in Hebei announces relaxation of property curbs in sign market around Beijing is under intense pressure

The city of Langfang lifted virtually all home purchase and re-sale measures on Tuesday, including those on non-local residents

The city of Langfang lifted virtually all home purchase and re-sale measures on Tuesday, including those on non-local residents

10 Aug 2022 - 7:00AM
Hong Kong property owner Wharf Reic reports HK$1.47 billion loss for Covid-ravaged first half of year

Revenue declined 17 per cent compared with the first half of 2021, but the company reported a 3 per cent increase in underlying net profit while issuing a cautious outlook.

Revenue declined 17 per cent compared with the first half of 2021, but the company reported a 3 per cent increase in underlying net profit while issuing a cautious outlook.

4 Aug 2022 - 8:28PM
Hong Kong should stop building Home Ownership Scheme flats, reallocate land for public rental houses, says JLL

Government should consider suspending construction of subsidised flats aimed at low to middle income households and reallocate the land to address a chronic shortage of public rental properties, says chairman of JLL Hong Kong.

Government should consider suspending construction of subsidised flats aimed at low to middle income households and reallocate the land to address a chronic shortage of public rental properties, says chairman of JLL Hong Kong.

3 Aug 2022 - 11:18AM
Will sharp rises in interest rates diminish Hong Kong’s love affair with property?

Concerns about the city’s slowing economy, and continued restrictions to control the coronavirus could also deter buyers, property agents said.

Concerns about the city’s slowing economy, and continued restrictions to control the coronavirus could also deter buyers, property agents said.

31 Jul 2022 - 12:00PM
Hong Kong’s retail landscape is changing as landlords lure restaurants to fill spaces abandoned by shops during pandemic

The mix of tenants in malls and at street level is changing as restaurateurs pounce on slumping rents to expand, often taking the spaces left behind by retailers forced to leave during the pandemic.

The mix of tenants in malls and at street level is changing as restaurateurs pounce on slumping rents to expand, often taking the spaces left behind by retailers forced to leave during the pandemic.

9 Aug 2022 - 8:07AM
Hang Lung’s chairman warns of turbulent times ahead for Hong Kong’s real estate as city finds itself squeezed between US and China

The comments by Chan showed how Hong Kong has been caught since 2019 by a series of turbulent events, including months of anti-government protests, US sanctions and a Covid-19 pandemic in its third year.

The comments by Chan showed how Hong Kong has been caught since 2019 by a series of turbulent events, including months of anti-government protests, US sanctions and a Covid-19 pandemic in its third year.

28 Jul 2022 - 9:08PM
Hong Kong home prices: worst yet to come, with up to 30 per cent slump a possibility as market enters decline

The worst is yet to come for Hong Kong home prices, with the market at the start of a decline amid interest rate rises and economic slowdown, the 2022 SCMP China Conference heard on Thursday.

The worst is yet to come for Hong Kong home prices, with the market at the start of a decline amid interest rate rises and economic slowdown, the 2022 SCMP China Conference heard on Thursday.

28 Jul 2022 - 7:45PM
Hong Kong’s lived-in home prices slump to lowest level since December 2020 as caution prevails ahead of rate hike

Hong Kong’s home prices posted the biggest drop in four months in June as they were weighed down by rising interest rates and downbeat market sentiment.

Hong Kong’s home prices posted the biggest drop in four months in June as they were weighed down by rising interest rates and downbeat market sentiment.

27 Jul 2022 - 2:09PM
Hong Kong property firm K11 taps Paddington Bear, KidZania for 11 Skies complex’s first entertainment offerings

The first four tourist attractions of New World Development’s 11 Skies complex in Hong Kong International Airport’s Skycity are set to open from the end of 2023 to early 2024.

The first four tourist attractions of New World Development’s 11 Skies complex in Hong Kong International Airport’s Skycity are set to open from the end of 2023 to early 2024.

25 Jul 2022 - 6:30PM
More Hong Kong owners are selling homes at losses as emigration and rising interest rates turn city into buyers’ market

The downbeat sentiment in Hong Kong’s secondary home market is due to rising interest rates, a spate of new project launches, emigration and a badly performing stock market, agents say.

The downbeat sentiment in Hong Kong’s secondary home market is due to rising interest rates, a spate of new project launches, emigration and a badly performing stock market, agents say.

22 Jul 2022 - 8:37PM