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

Hong Kong residents who can afford overseas homes flock to seek sanctuaries abroad as protests rage on at home

The trend underscores how nearly five months of unprecedented street rallies in Hong Kong has altered the purchasing and investment pattern of the city’s residents, as the prices of new flats and lived-in homes had taken a beating.

4 minutes ago

The trend underscores how nearly five months of unprecedented street rallies in Hong Kong has altered the purchasing and investment pattern of the city’s residents, as the prices of new flats and lived-in homes had taken a beating.

Hong Kong residents who can afford overseas homes flock to seek sanctuaries abroad as protests rage on at home
Hong Kong’s luxury home sales sink to five-year low in September as caution prevails amid protests

Only 93 homes worth more than HK$20 million each, totalling HK$4.68 billion were sold in September, according to Centaline Property Agency.

22 Oct 2019 - 10:29PM

Only 93 homes worth more than HK$20 million each, totalling HK$4.68 billion were sold in September, according to Centaline Property Agency.

Hong Kong’s luxury home sales sink to five-year low in September as caution prevails amid protests
Housing policy cushions Hong Kong’s property slump, adding US$3 billion to wealth of city’s six richest real estate tycoons

Government’s effort to boost home ownership by raising the mortgage cap is likely to unleash pent-up demand, help in the recovery of home prices and also open up a range of options for buyers, say analysts.

18 Oct 2019 - 9:24AM

Government’s effort to boost home ownership by raising the mortgage cap is likely to unleash pent-up demand, help in the recovery of home prices and also open up a range of options for buyers, say analysts.

Housing policy cushions Hong Kong’s property slump, adding US$3 billion to wealth of city’s six richest real estate tycoons
Hongkongers pursue overseas passports and sell homes at huge discounts to fund move as city’s protests rage on

Emigration inquiries have risen fourteen fold since the protests started more than four months ago, says Midland Immigration Consultancy.

18 Oct 2019 - 5:11PM

Emigration inquiries have risen fourteen fold since the protests started more than four months ago, says Midland Immigration Consultancy.

Hongkongers pursue overseas passports and sell homes at huge discounts to fund move as city’s protests rage on
Sun Hung Kai offers relief for struggling retailers, plans to waive rents on days shopping centres are closed due to protests

At least eight of SHKP’s malls have had to remain shut for days, including World Trade Centre in Causeway Bay and New Town Plaza in Sha Tin.

15 Oct 2019 - 9:58PM

At least eight of SHKP’s malls have had to remain shut for days, including World Trade Centre in Causeway Bay and New Town Plaza in Sha Tin.

Sun Hung Kai offers relief for struggling retailers, plans to waive rents on days shopping centres are closed due to protests
Owners of Hong Kong villas and luxury homes turn to daily leases to find tenants to occupy their investments as buyers stay away  

Larger homes have been particularly vulnerable to the downturn in Hong Kong’s real estate industry, with prices sliding 2.9 per cent from May to August, more than the 1.3 per cent decline for small flats.

15 Oct 2019 - 7:44PM

Larger homes have been particularly vulnerable to the downturn in Hong Kong’s real estate industry, with prices sliding 2.9 per cent from May to August, more than the 1.3 per cent decline for small flats.

Owners of Hong Kong villas and luxury homes turn to daily leases to find tenants to occupy their investments as buyers stay away
 
Sun Hung Kai, CK Asset to launch 453 flats on the same day, vying for buyers’ cheques as Hong Kong’s property downturn looms

The competing sales, due to take place the day after Hong Kong’s Chief Executive Carrie Lam Cheng Yuet-ngor delivers her much-anticipated policy address – her most important speech every year at the start of the legislative calender in October – will test the market’s appetite for residential property, after four months of street protests wreaked havoc on the local economy.

15 Oct 2019 - 8:39AM

The competing sales, due to take place the day after Hong Kong’s Chief Executive Carrie Lam Cheng Yuet-ngor delivers her much-anticipated policy address – her most important speech every year at the start of the legislative calender in October – will test the market’s appetite for residential property, after four months of street protests wreaked havoc on the local economy.

Sun Hung Kai, CK Asset to launch 453 flats on the same day, vying for buyers’ cheques as Hong Kong’s property downturn looms
Property group urges Hong Kong government to issue land bonds to speed up rural development and ease housing crisis

The Hong Kong Real Property Federation will meet the government to put forward its suggestion ahead of Carrie Lam’s policy address on October 16

11 Oct 2019 - 10:47PM

The Hong Kong Real Property Federation will meet the government to put forward its suggestion ahead of Carrie Lam’s policy address on October 16

Property group urges Hong Kong government to issue land bonds to speed up rural development and ease housing crisis
Rise in Hongkongers applying for Australian emigration amid protests boosts recovery in Melbourne, Sydney property markets

A recovery in the Melbourne and Sydney property markets is being boosted by Hong Kong investors fleeing the anti-government protests, experts said.

8 Oct 2019 - 7:51PM

A recovery in the Melbourne and Sydney property markets is being boosted by Hong Kong investors fleeing the anti-government protests, experts said.

Rise in Hongkongers applying for Australian emigration amid protests boosts recovery in Melbourne, Sydney property markets
Hong Kong’s desperate homeowners slash prices by 20 per cent after unprecedented violence on National Day

Market observer says Tuesday’s violence prompted sellers to lower prices as homeowners believe in the safety of cash.

3 Oct 2019 - 12:09PM

Market observer says Tuesday’s violence prompted sellers to lower prices as homeowners believe in the safety of cash.

Hong Kong’s desperate homeowners slash prices by 20 per cent after unprecedented violence on National Day
Hong Kong’s lived-in home prices see steepest decline of the year as protests, trade war persist

The price index for lived-in homes in August slumped 1.4 per cent to 389.8, a third successive monthly fall

30 Sep 2019 - 11:03PM

The price index for lived-in homes in August slumped 1.4 per cent to 389.8, a third successive monthly fall

Hong Kong’s lived-in home prices see steepest decline of the year as protests, trade war persist
Most expensive Kai Tak project launch, first in two years, meets tepid demand amid market hit by protests and trade war

The flats had an average price of HK$24,677 (US$3,147) per sq ft, the highest of any new project ever launched there.

28 Sep 2019 - 8:40AM

The flats had an average price of HK$24,677 (US$3,147) per sq ft, the highest of any new project ever launched there.

Most expensive Kai Tak project launch, first in two years, meets tepid demand amid market hit by protests and trade war
Hong Kong developer New World’s farmland donation ‘destroyed shareholder value’, analysts say

New World Development’s donation of 3 million sq ft of farmland for public housing on Wednesday has led some analysts to say the company, Hong Kong’s fourth-largest developer, had harmed shareholders’ interest and breached its fiduciary duty.

27 Sep 2019 - 8:24AM

New World Development’s donation of 3 million sq ft of farmland for public housing on Wednesday has led some analysts to say the company, Hong Kong’s fourth-largest developer, had harmed shareholders’ interest and breached its fiduciary duty.

Hong Kong developer New World’s farmland donation ‘destroyed shareholder value’, analysts say
New World donates almost a fifth of its farmland reserves towards building public homes to ease Hong Kong’s housing woes

The donation could compel the remainder of Hong Kong’s biggest landowning families to contribute toward the city’s land supply to alleviate a housing problem said by Chinese state media to have fuelled the biggest public unrest in the city’s history.

26 Sep 2019 - 4:12PM

The donation could compel the remainder of Hong Kong’s biggest landowning families to contribute toward the city’s land supply to alleviate a housing problem said by Chinese state media to have fuelled the biggest public unrest in the city’s history.

New World donates almost a fifth of its farmland reserves towards building public homes to ease Hong Kong’s housing woes
Hong Kong hoteliers issue SOS as plunging rates reach US$9 a night and occupancy hits 20 per cent amid protests

Hong Kong hotel operators have called on the government to waive rents and even allow properties to offer empty rooms on long-term leases, or for sale, as a way of survival amid a steep decline in occupancy and rates brought on by 16 weeks of protests in the city.

27 Sep 2019 - 5:37PM

Hong Kong hotel operators have called on the government to waive rents and even allow properties to offer empty rooms on long-term leases, or for sale, as a way of survival amid a steep decline in occupancy and rates brought on by 16 weeks of protests in the city.

Hong Kong hoteliers issue SOS as plunging rates reach US$9 a night and occupancy hits 20 per cent amid protests
Causeway Bay’s retail vacancy rate to soar, with one in 10 shops standing empty as Hong Kong’s street rallies enter their 15th week

Hong Kong’s retail sales fell 6.7 per cent in June, the fifth consecutive month of declines as protest rallies picked up pace.

18 Sep 2019 - 8:00AM

Hong Kong’s retail sales fell 6.7 per cent in June, the fifth consecutive month of declines as protest rallies picked up pace.

Causeway Bay’s retail vacancy rate to soar, with one in 10 shops standing empty as Hong Kong’s street rallies enter their 15th week
Pressure from Beijing, looming vacancy tax will force Hong Kong’s developers into faster and cheaper project launches, say analysts

The looming tax on unsold flats and a series of Chinese state-media commentaries citing unaffordable housing as a factor in the protests rocking Hong Kong have put the city’s developers under pressure, say analysts

17 Sep 2019 - 7:13PM

The looming tax on unsold flats and a series of Chinese state-media commentaries citing unaffordable housing as a factor in the protests rocking Hong Kong have put the city’s developers under pressure, say analysts

Pressure from Beijing, looming vacancy tax will force Hong Kong’s developers into faster and cheaper project launches, say analysts
Sun Hung Kai’s hotel, shopping mall businesses take a drubbing as tourist numbers plunge amid Hong Kong protests

Hong Kong’s biggest developer has seen occupancy rates of its hotels fall as low as 50 per cent amid social unrest, says chairman Raymond Kwok

13 Sep 2019 - 6:39AM

Hong Kong’s biggest developer has seen occupancy rates of its hotels fall as low as 50 per cent amid social unrest, says chairman Raymond Kwok

Sun Hung Kai’s hotel, shopping mall businesses take a drubbing as tourist numbers plunge amid Hong Kong protests
Wheelock’s new flats in Tseung Kwan O get tepid reception as protests keep chipping away at sentiment

Slow day of sales for batch of flats at Marini, Grand Marini projects shows how political crisis is rapidly sapping appetite among buyers

12 Sep 2019 - 8:00AM

Slow day of sales for batch of flats at Marini, Grand Marini projects shows how political crisis is rapidly sapping appetite among buyers

Wheelock’s new flats in Tseung Kwan O get tepid reception as protests keep chipping away at sentiment
Sun Hung Kai Properties bows to slumping market, pricing flats near protest-hit Sham Shui Po at 2017 rates

Sun Hung Kai Properties has priced new flats at Cullinan West III in Nam Cheong at HK$21,722 (US$2,770) per sq ft, similar to a previous batch two years ago

11 Sep 2019 - 9:30AM

Sun Hung Kai Properties has priced new flats at Cullinan West III in Nam Cheong at HK$21,722 (US$2,770) per sq ft, similar to a previous batch two years ago

Sun Hung Kai Properties bows to slumping market, pricing flats near protest-hit Sham Shui Po at 2017 rates
With Prada out, can Hong Kong’s Russell Street outshine Fifth Avenue or Champs-Élysées as the world’s costliest retail strip?

Market observers expect overall rents in Russell Street to fall by up to 30 per cent as social unrest has dampened the overall spending mood, particularly for luxury goods.

11 Sep 2019 - 12:00PM

Market observers expect overall rents in Russell Street to fall by up to 30 per cent as social unrest has dampened the overall spending mood, particularly for luxury goods.

With Prada out, can Hong Kong’s Russell Street outshine Fifth Avenue or Champs-Élysées as the world’s costliest retail strip?
Lived-in home prices in Hong Kong’s battlefield districts suffer the biggest declines as protest rallies extend into their 14th week

Hong Kong’s real estate market, ever so sensitive to the city’s macroeconomic and political climate, is trying to find its footing as three months of protest rallies show no sign of letting up.

10 Sep 2019 - 4:01PM

Hong Kong’s real estate market, ever so sensitive to the city’s macroeconomic and political climate, is trying to find its footing as three months of protest rallies show no sign of letting up.

Lived-in home prices in Hong Kong’s battlefield districts suffer the biggest declines as protest rallies extend into their 14th week
Prince Edward MTR station shut down as handful of protesters gather, while Hong Kong airport operator warns crowd at bus station to leave, citing court order

Station has become a flashpoint in protests rocking the city as people demand that rail operator release footage over August 31 police action.

7 Sep 2019 - 5:41PM

Station has become a flashpoint in protests rocking the city as people demand that rail operator release footage over August 31 police action.

Prince Edward MTR station shut down as handful of protesters gather, while Hong Kong airport operator warns crowd at bus station to leave, citing court order
Hong Kong’s owners raise home prices, hot on the heels of Carrie Lam withdrawing city’s controversial extradition bill

Six listings increased their asking prices by up to HK$300,000, or 3.4 per cent, as soon as the extradition bill that originally sparked the protests was formally abandoned.

6 Sep 2019 - 12:50AM

Six listings increased their asking prices by up to HK$300,000, or 3.4 per cent, as soon as the extradition bill that originally sparked the protests was formally abandoned.

Hong Kong’s owners raise home prices, hot on the heels of Carrie Lam withdrawing city’s controversial extradition bill
Will Hong Kong protests, US-China trade war come to the rescue of city’s oversupplied co-working spaces sector?

Co-working space operators in Hong Kong could actually benefit from the ongoing anti-government protests, as well as the US-China trade war, according to industry experts.

5 Sep 2019 - 10:03PM

Co-working space operators in Hong Kong could actually benefit from the ongoing anti-government protests, as well as the US-China trade war, according to industry experts.

Will Hong Kong protests, US-China trade war come to the rescue of city’s oversupplied co-working spaces sector?
Extradition bill’s withdrawal ‘is first step’ in getting Hong Kong back to business

From real estate to manufacturing, city’s battered commerce sector welcomes Carrie Lam’s announcement after three months of crisis.

5 Sep 2019 - 12:23AM

From real estate to manufacturing, city’s battered commerce sector welcomes Carrie Lam’s announcement after three months of crisis.

Extradition bill’s withdrawal ‘is first step’ in getting Hong Kong back to business
Developers’ cosy ties with politics may explain Hong Kong’s biggest woe: widening income gap in the least affordable city on earth

As Hong Kong’s unprecedented outbursts of civic unrest enter a 14th week, the link between business and politics – and its implication for the lives of the city’s 7.5 million residents – is coming under increasing scrutiny.

9 Sep 2019 - 6:19AM

As Hong Kong’s unprecedented outbursts of civic unrest enter a 14th week, the link between business and politics – and its implication for the lives of the city’s 7.5 million residents – is coming under increasing scrutiny.

Developers’ cosy ties with politics may explain Hong Kong’s biggest woe: widening income gap in the least affordable city on earth
Hong Kong’s sales agents face a bleak year end, with 8,000 jobs on the line, as months of rallies crimp property transactions

Analysts say Hong Kong’s property market this year will see the least number of deals since the Sars outbreak in 2003 even as homeowners offer larger price cuts in the hope of making a quick sale.

29 Aug 2019 - 10:38PM

Analysts say Hong Kong’s property market this year will see the least number of deals since the Sars outbreak in 2003 even as homeowners offer larger price cuts in the hope of making a quick sale.

Hong Kong’s sales agents face a bleak year end, with 8,000 jobs on the line, as months of rallies crimp property transactions
Rents at The Center, Hong Kong’s most expensive office tower, cut by 5 per cent as companies defer expansion plans amid protests

Office space in Hong Kong’s fifth-tallest building was leased at HK$95 per sq ft in August, months after the building’s new owners had decided to push up the rents for the higher floors to over HK$100 per sq ft, according to property agents.

28 Aug 2019 - 4:19PM

Office space in Hong Kong’s fifth-tallest building was leased at HK$95 per sq ft in August, months after the building’s new owners had decided to push up the rents for the higher floors to over HK$100 per sq ft, according to property agents.

Rents at The Center, Hong Kong’s most expensive office tower, cut by 5 per cent as companies defer expansion plans amid protests
Mainland Chinese developer Jiayuan says Hong Kong micro flats profitable despite price cuts, reports 23 per cent rise in interim profit

Jiayuan International, the mainland Chinese property developer behind Hong Kong’s smallest micro flats ever, said the development was profitable even after it cut prices by as much as 38 per cent.

27 Aug 2019 - 9:56PM

Jiayuan International, the mainland Chinese property developer behind Hong Kong’s smallest micro flats ever, said the development was profitable even after it cut prices by as much as 38 per cent.

Mainland Chinese developer Jiayuan says Hong Kong micro flats profitable despite price cuts, reports 23 per cent rise in interim profit