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 deferred vacancy tax carries a US$279 million price tag, adding to the financial woes of a recession-busting budget deficit

The lost revenue, equivalent to 11.1 per cent of the government’s 2020-2021 income from rates, comes as Hong Kong’s economy was driven into its worst recession on record by the US-China trade war, more than a year of anti-government protests and a consumption slump brought by the coronavirus outbreak.

1 Jul 2020 - 7:17AM

The lost revenue, equivalent to 11.1 per cent of the government’s 2020-2021 income from rates, comes as Hong Kong’s economy was driven into its worst recession on record by the US-China trade war, more than a year of anti-government protests and a consumption slump brought by the coronavirus outbreak.

Hong Kong’s deferred vacancy tax carries a US$279 million price tag, adding to the financial woes of a recession-busting budget deficit
Kung Fu Hustle’s Stephen Chow mortgages The Peak house where HSBC’s Taipan House once stood

Hong Kong’s Stephen Chow, director of Kung Fu Hustle, has mortgaged his property on The Peak for a loan from JPMorgan Chase.

25 Jun 2020 - 10:45PM

Hong Kong’s Stephen Chow, director of Kung Fu Hustle, has mortgaged his property on The Peak for a loan from JPMorgan Chase.

Kung Fu Hustle’s Stephen Chow mortgages The Peak house where HSBC’s Taipan House once stood
Sun Hung Kai malls to give away nearly US$1 million in cash vouchers to woo back coronavirus-wary shoppers

Sun Hung Kai alone plans to give out cash vouchers totalling HK$7 million (US$903,208) in July at its shopping centres, which include APM in Kwun Tong and Harbour North in North Point, and New Town in Sha Tin.

24 Jun 2020 - 9:32PM

Sun Hung Kai alone plans to give out cash vouchers totalling HK$7 million (US$903,208) in July at its shopping centres, which include APM in Kwun Tong and Harbour North in North Point, and New Town in Sha Tin.

Sun Hung Kai malls to give away nearly US$1 million in cash vouchers to woo back coronavirus-wary shoppers
Banks cut prices on foreclosed properties in Hong Kong as buyers turn cautious amid distress, market correction

Banks are being forced to reduce prices on foreclosed properties to recoup their loans as buyers turn cautious about a deeper market correction.

24 Jun 2020 - 9:07AM

Banks are being forced to reduce prices on foreclosed properties to recoup their loans as buyers turn cautious about a deeper market correction.

Banks cut prices on foreclosed properties in Hong Kong as buyers turn cautious amid distress, market correction
New book pays homage to Cheng Yu-tung, Hong Kong tycoon who enjoyed helping friends, goldsmith apprentice who once upstaged Donald Trump

New biography sheds light into Cheng Yu-tung’s personal life, business philosophy and friendship, told by two legendary billionaires, former employees and friends.

21 Jun 2020 - 10:28PM

New biography sheds light into Cheng Yu-tung’s personal life, business philosophy and friendship, told by two legendary billionaires, former employees and friends.

New book pays homage to Cheng Yu-tung, Hong Kong tycoon who enjoyed helping friends, goldsmith apprentice who once upstaged Donald Trump
Regional bank in Xinjiang cuts dividend, bowing to China regulator’s pressure to preserve capital and prepare for slump

China, which last week asked banks to sacrifice up to 1.5 trillion yuan in profits this year, is not the only country to pressure banks into preserving capital, following similar moves by UK and European regulators.

20 Jun 2020 - 11:07PM

China, which last week asked banks to sacrifice up to 1.5 trillion yuan in profits this year, is not the only country to pressure banks into preserving capital, following similar moves by UK and European regulators.

Regional bank in Xinjiang cuts dividend, bowing to China regulator’s pressure to preserve capital and prepare for slump
‘Optimistic’ CK Asset’s new development in Lohas Park is district’s most expensive initial launch ever

The average price at Sea To Sky, the biggest new project in Hong Kong’s largest residential enclave in about two years, will be HK$15,823 per square foot after discounts for a first batch of 285 flats.

22 Jun 2020 - 4:46PM

The average price at Sea To Sky, the biggest new project in Hong Kong’s largest residential enclave in about two years, will be HK$15,823 per square foot after discounts for a first batch of 285 flats.

‘Optimistic’ CK Asset’s new development in Lohas Park is district’s most expensive initial launch ever
Foreclosures set to surge as Hong Kong homeowners struggle with finances due to recession, rising unemployment

The number of foreclosed properties could reach the highest level since the global financial crisis by early next year amid a worsening economy, says property auctioneer.

17 Jun 2020 - 7:10AM

The number of foreclosed properties could reach the highest level since the global financial crisis by early next year amid a worsening economy, says property auctioneer.

Foreclosures set to surge as Hong Kong homeowners struggle with finances due to recession, rising unemployment
NetEase jumps as much as 10 per cent on first day of trading after completing secondary offering in Hong Kong

NetEase jumped 6 per cent at the close. That compared with the first-day gain of 6.6 per cent for Alibaba Group Holding, parent of the South China Morning Post, that completed its secondary offering in the city in November.

11 Jun 2020 - 10:54PM

NetEase jumped 6 per cent at the close. That compared with the first-day gain of 6.6 per cent for Alibaba Group Holding, parent of the South China Morning Post, that completed its secondary offering in the city in November.

NetEase jumps as much as 10 per cent on first day of trading after completing secondary offering in Hong Kong
Macau casino malls come alive as shoppers spend vouchers, tenants rent for free

Major casinos in Macau have been buzzing of late with a refreshing twist. Residents with shopping vouchers are beginning to fill the casino malls while the city awaits the return of gamblers.

9 Jun 2020 - 7:03PM

Major casinos in Macau have been buzzing of late with a refreshing twist. Residents with shopping vouchers are beginning to fill the casino malls while the city awaits the return of gamblers.

Macau casino malls come alive as shoppers spend vouchers, tenants rent for free
In recession squeeze, rents are converging for Hong Kong’s micro flats and subdivided lots

Rents on tiny flats in some chic development projects are slipping to levels bordering the rates on the city’s notorious subdivided flats as landlords lose bargaining power in a recession-hit economy.

3 Jun 2020 - 6:47PM

Rents on tiny flats in some chic development projects are slipping to levels bordering the rates on the city’s notorious subdivided flats as landlords lose bargaining power in a recession-hit economy.

In recession squeeze, rents are converging for Hong Kong’s micro flats and subdivided lots
Another sell-out for Vanke as buyers grab all but one flat on offer at The Campton in Cheung Sha Wan

Vanke sells 93 out of 94 flats in the second batch of its popular residential project even after raising prices slightly.

2 Jun 2020 - 10:44PM

Vanke sells 93 out of 94 flats in the second batch of its popular residential project even after raising prices slightly.

Another sell-out for Vanke as buyers grab all but one flat on offer at The Campton in Cheung Sha Wan
‘Never seen that before’: Some Hong Kong residents hit the panic button as security law revives rush for the emigration gates

From the biggest stock sell-off in almost five years to failed home sales Hong Kong has turned into a pawn in the escalating rivalry between the US and China over trade, technology and capital markets.

1 Jun 2020 - 2:21PM

From the biggest stock sell-off in almost five years to failed home sales Hong Kong has turned into a pawn in the escalating rivalry between the US and China over trade, technology and capital markets.

‘Never seen that before’: Some Hong Kong residents hit the panic button as security law revives rush for the emigration gates
Pansy Ho steps into the spotlight as de facto head and uniter of the sprawling clan after the passing of the King of Gambling

Pansy is the eldest child of Ho’s second wife, the fifth out of 16 children in the extended clan, and described by the late magnate as the child who is most like him in personality.

2 Jun 2020 - 5:34PM

Pansy is the eldest child of Ho’s second wife, the fifth out of 16 children in the extended clan, and described by the late magnate as the child who is most like him in personality.

Pansy Ho steps into the spotlight as de facto head and uniter of the sprawling clan after the passing of the King of Gambling
Hong Kong home prices slip again, security law may keep the lid on market recovery, analysts say

Hong Kong home prices slip in April as rising political tensions undermine economic revival efforts, keep the city’s housing market in a stop-start mode.

29 May 2020 - 3:06PM

Hong Kong home prices slip in April as rising political tensions undermine economic revival efforts, keep the city’s housing market in a stop-start mode.

Hong Kong home prices slip again, security law may keep the lid on market recovery, analysts say
Vanke sells all flats at Hong Kong development, defies worsening Goldman Sachs forecast for property sector

With 8,700 registrations of intent received, more than 46 buyers were competing for each flat on sale at The Campton. One buyer even splashed out HK$30 million (US$3.87 million) for four flats.

27 May 2020 - 10:31PM

With 8,700 registrations of intent received, more than 46 buyers were competing for each flat on sale at The Campton. One buyer even splashed out HK$30 million (US$3.87 million) for four flats.

Vanke sells all flats at Hong Kong development, defies worsening Goldman Sachs forecast for property sector
Law firms expect a wave of ‘see you in court’ as landlords sue distressed tenants for unpaid rent

Lawyers say enquiries relating to unpaid rents have surged recently as businesses collapse due to the twin blow of protests and pandemic.

27 May 2020 - 10:48AM

Lawyers say enquiries relating to unpaid rents have surged recently as businesses collapse due to the twin blow of protests and pandemic.

Law firms expect a wave of ‘see you in court’ as landlords sue distressed tenants for unpaid rent
Hong Kong homebuyers – spooked by recession, talk of national security law – forfeit US$1.5 million in deposits, walk away from purchases

Nineteen Hong Kong homebuyers who put down deposits for flats at the height of a market rally around June 2018 have walked away from their purchases, forfeiting as much as HK$11.83 million (US$1.53 million) and HK$12.4 million in two instances over the past month.

26 May 2020 - 9:30AM

Nineteen Hong Kong homebuyers who put down deposits for flats at the height of a market rally around June 2018 have walked away from their purchases, forfeiting as much as HK$11.83 million (US$1.53 million) and HK$12.4 million in two instances over the past month.

Hong Kong homebuyers – spooked by recession, talk of national security law – forfeit US$1.5 million in deposits, walk away from purchases
Developers use forced auctions to snap up Hong Kong’s older buildings for redevelopment amid city’s land shortage

Some developers who have already acquired at least 80 per cent of an old building are using compulsory purchase orders to take full ownership and renovate them into new flats

21 May 2020 - 11:01AM

Some developers who have already acquired at least 80 per cent of an old building are using compulsory purchase orders to take full ownership and renovate them into new flats

Developers use forced auctions to snap up Hong Kong’s older buildings for redevelopment amid city’s land shortage
Hong Kong property agents turn to virtual-reality tours, influencer-style videos to beat coronavirus-driven slump in home sales

Virtual-reality tours of properties have come to the rescue of major Hong Kong agencies amid the coronavirus pandemic, which has disrupted traditional sales channels and viewing patterns, with one company describing the technology as ‘life to us’, helping it ‘survive and stay competitive’.

20 May 2020 - 9:42AM

Virtual-reality tours of properties have come to the rescue of major Hong Kong agencies amid the coronavirus pandemic, which has disrupted traditional sales channels and viewing patterns, with one company describing the technology as ‘life to us’, helping it ‘survive and stay competitive’.

Hong Kong property agents turn to virtual-reality tours, influencer-style videos to beat coronavirus-driven slump in home sales
Developer CK Asset wins Hong Kong’s first plot of land earmarked for private and subsidised starter homes for lowly HK$4.9 billion as Covid-19 batters property market

CK Asset, Hong Kong’s second-biggest developer, will pay just HK$4.95 billion (US$638.8 million) for the site in Kwun Tong, amid fears of long-term damage to the market and wider economy amid coronavirus fallout.

19 May 2020 - 10:59PM

CK Asset, Hong Kong’s second-biggest developer, will pay just HK$4.95 billion (US$638.8 million) for the site in Kwun Tong, amid fears of long-term damage to the market and wider economy amid coronavirus fallout.

Developer CK Asset wins Hong Kong’s first plot of land earmarked for private and subsidised starter homes for lowly HK$4.9 billion as Covid-19 batters property market
Hong Kong’s homebuyers shun property sales for the fourth weekend in a row as they await better deals amid a glut of options

The reversal of fortune for Wheelock’s Grand Marini over two months underscores how Hong Kong’s residential property is becoming a buyers’ market, as investors and owner-occupiers hold out for the best deals amid a glut of choices.

16 May 2020 - 9:13PM

The reversal of fortune for Wheelock’s Grand Marini over two months underscores how Hong Kong’s residential property is becoming a buyers’ market, as investors and owner-occupiers hold out for the best deals amid a glut of choices.

Hong Kong’s homebuyers shun property sales for the fourth weekend in a row as they await better deals amid a glut of options
Hong Kong mixed development project receives nine bids, but offers will be low, analysts say

Hong Kong’s first residential plot of land designated for mixed development comprising private and subsidised homes is expected to attract low offers despite an enthusiastic response, with developers unwilling to invest big in an experimental project amid an economic recession, analysts said.

15 May 2020 - 11:03PM

Hong Kong’s first residential plot of land designated for mixed development comprising private and subsidised homes is expected to attract low offers despite an enthusiastic response, with developers unwilling to invest big in an experimental project amid an economic recession, analysts said.

Hong Kong mixed development project receives nine bids, but offers will be low, analysts say
‘Out of touch’ Hong Kong withdraws Kai Tak commercial plot from sale following tepid bids by developers amid economic contraction in city

A plot at the former Kai Tak Airport site, which can yield 1.16 million square feet (107,767 square metres) in gross floor area, failed to sell because it ‘failed to meet the government’s reserve price,’ according to a statement by the Lands Department.

13 May 2020 - 11:13PM

A plot at the former Kai Tak Airport site, which can yield 1.16 million square feet (107,767 square metres) in gross floor area, failed to sell because it ‘failed to meet the government’s reserve price,’ according to a statement by the Lands Department.

‘Out of touch’ Hong Kong withdraws Kai Tak commercial plot from sale following tepid bids by developers amid economic contraction in city
Hong Kong restaurants back in busy mode as social distancing measures are eased, but recovery still a long way off

Restaurants stay busy over the weekend as malls and Food and beverage operators launch promotions for Mother’s Day.

13 May 2020 - 8:41AM

Restaurants stay busy over the weekend as malls and Food and beverage operators launch promotions for Mother’s Day.

Hong Kong restaurants back in busy mode as social distancing measures are eased, but recovery still a long way off
Hong Kong developer loses record US$331.5 million on resale of residential land at Kai Tak as coronavirus darkens market outlook

Developer Goldin Financial loses a record US$331.5 million reselling a residential plot at Kai Tak, the city’s former airport, citing the gloomy outlook as Covid-19 ravages the economy

11 May 2020 - 10:36PM

Developer Goldin Financial loses a record US$331.5 million reselling a residential plot at Kai Tak, the city’s former airport, citing the gloomy outlook as Covid-19 ravages the economy

Hong Kong developer loses record US$331.5 million on resale of residential land at Kai Tak as coronavirus darkens market outlook
Hong Kong property slide divides Wall Street investment banks on recovery outlook for home prices

Hong Kong’s housing market slide is dividing analysts at Wall Street investment banks as they evaluate the recovery outlook for the world’s least affordable market.

8 May 2020 - 7:45AM

Hong Kong’s housing market slide is dividing analysts at Wall Street investment banks as they evaluate the recovery outlook for the world’s least affordable market.

Hong Kong property slide divides Wall Street investment banks on recovery outlook for home prices
Hong Kong retail landlords Link Reit, Wheelock and Emperor International set alarm bells ringing with profit warnings

Over the past two weeks, Link Reit, Wheelock and Company and Emperor International have all said they expect to report considerable losses.

7 May 2020 - 8:49AM

Over the past two weeks, Link Reit, Wheelock and Company and Emperor International have all said they expect to report considerable losses.

Hong Kong retail landlords Link Reit, Wheelock and Emperor International set alarm bells ringing with profit warnings
Craze for car parking spaces stalls as sentiment takes a hit amid weakening economy, coronavirus pandemic

Transactions of car parking spaces in April fell 67 per cent year on year to 225, while turnover declined by 84.2 per cent to US$46.17 million, data shows.

6 May 2020 - 9:45AM

Transactions of car parking spaces in April fell 67 per cent year on year to 225, while turnover declined by 84.2 per cent to US$46.17 million, data shows.

Craze for car parking spaces stalls as sentiment takes a hit amid weakening economy, coronavirus pandemic
In a first, Hong Kong health care firm allots shares to landlord to offset rent amid coronavirus ravaged economy

Hong Kong-based Union Medical Healthcare has found a unique way of meeting its rent obligation amid an economy ravaged by the coronavirus pandemic.

5 May 2020 - 8:32PM

Hong Kong-based Union Medical Healthcare has found a unique way of meeting its rent obligation amid an economy ravaged by the coronavirus pandemic.

In a first, Hong Kong health care firm allots shares to landlord to offset rent amid coronavirus ravaged economy