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 retail sales could sink up to 50 per cent as city shuts out Chinese visitors amid coronavirus outbreak

Keith Wu Shiu-kee, CEO of Sunlight Real Estate Investment Trust, says the impact of the outbreak on retail sales would be far worse than during the protests.

47 minutes ago

Keith Wu Shiu-kee, CEO of Sunlight Real Estate Investment Trust, says the impact of the outbreak on retail sales would be far worse than during the protests.

Hong Kong’s retail sales could sink up to 50 per cent as city shuts out Chinese visitors amid coronavirus outbreak
Hong Kong retailers stage unprecedented strike in 14 shopping centres to demand lifeline as foot traffic plunges amid coronavirus outbreak

Hong Kong’s retailers, hotels and restaurateurs are taking the brunt of the city’s economic woes, with some stores losing as much as 90 per cent in annual sales.

18 Feb 2020 - 11:58PM

Hong Kong’s retailers, hotels and restaurateurs are taking the brunt of the city’s economic woes, with some stores losing as much as 90 per cent in annual sales.

Hong Kong retailers stage unprecedented strike in 14 shopping centres to demand lifeline as foot traffic plunges amid coronavirus outbreak
What is the future for Hong Kong’s luxury retailers, as China’s big spenders avoid city of protests and coronavirus quarantines?

As Hong Kong shut most of its border checkpoints with mainland China to stop the coronavirus outbreak from spreading in the city, the dearth of visitors is upending the local retail industry

17 Feb 2020 - 11:24AM

As Hong Kong shut most of its border checkpoints with mainland China to stop the coronavirus outbreak from spreading in the city, the dearth of visitors is upending the local retail industry

What is the future for Hong Kong’s luxury retailers, as China’s big spenders avoid city of protests and coronavirus quarantines?
Flat viewings dwindle, transaction volume slumps as coronavirus infects some residents in Hong Kong housing estates

The coronavirus outbreak is hurting Hong Kong’s residential property market as the number of flat viewings dwindles, and transaction volume shrinks in private housing estates where some infected patients were detected.

4 Feb 2020 - 7:57PM

The coronavirus outbreak is hurting Hong Kong’s residential property market as the number of flat viewings dwindles, and transaction volume shrinks in private housing estates where some infected patients were detected.

Flat viewings dwindle, transaction volume slumps as coronavirus infects some residents in Hong Kong housing estates
Four in 10 Hong Kong hotel staff may lose jobs as coronavirus outbreak deters the few remaining visitors still braving the city’s protest rallies

The downturn in the hospitality industry would add to the woes of a city already in its first technical recession in more than a decade.

3 Feb 2020 - 10:37PM

The downturn in the hospitality industry would add to the woes of a city already in its first technical recession in more than a decade.

Four in 10 Hong Kong hotel staff may lose jobs as coronavirus outbreak deters the few remaining visitors still braving the city’s protest rallies
Double whammy of coronavirus and protests is about to send Hong Kong’s home prices plunging, say property analysts

Analysts say things are about to get much worse after the official price index for used homes dipped 1.7 per cent in December under the weight of social unrest

31 Jan 2020 - 11:09PM

Analysts say things are about to get much worse after the official price index for used homes dipped 1.7 per cent in December under the weight of social unrest

Double whammy of coronavirus and protests is about to send Hong Kong’s home prices plunging, say property analysts
Hong Kong homebuyers’ tours of Greater Bay Area property projects expected to decline amid Wuhan coronavirus outbreak

Regular tours of cities covered by Beijing’s Greater Bay Area development plan by Hong Kong homebuyers will be delayed by the spread of the Wuhan coronavirus, reducing transaction volumes in this area by up to 15 per cent year on year, analysts said.

29 Jan 2020 - 6:30AM

Regular tours of cities covered by Beijing’s Greater Bay Area development plan by Hong Kong homebuyers will be delayed by the spread of the Wuhan coronavirus, reducing transaction volumes in this area by up to 15 per cent year on year, analysts said.

Hong Kong homebuyers’ tours of Greater Bay Area property projects expected to decline amid Wuhan coronavirus outbreak
Huanxi Media shares skyrocket as Douyin’s parent pays 630 million yuan to stream its movies as Wuhan virus forces Chinese cinemas to close

ByteDance will pay at least 630 million yuan (US$90.8 million) to Huanxi Media for new movies and dramas to stream on platforms including Douyin over Lunar New Year holiday

17 Feb 2020 - 2:29PM

ByteDance will pay at least 630 million yuan (US$90.8 million) to Huanxi Media for new movies and dramas to stream on platforms including Douyin over Lunar New Year holiday

Huanxi Media shares skyrocket as Douyin’s parent pays 630 million yuan to stream its movies as Wuhan virus forces Chinese cinemas to close
Hong Kong developers, real estate agencies put on alert as Wuhan virus threatens to inflict more retail losses after protests

Hong Kong developers and property agencies are beginning to step up efforts to defend against the Wuhan virus amid heightened concerns that the outbreak could have a long-lasting impact on retail sales.

22 Jan 2020 - 4:49PM

Hong Kong developers and property agencies are beginning to step up efforts to defend against the Wuhan virus amid heightened concerns that the outbreak could have a long-lasting impact on retail sales.

Hong Kong developers, real estate agencies put on alert as Wuhan virus threatens to inflict more retail losses after protests
Luxury brands use pop-up stores to skirt Hong Kong’s sky-high retail rents amid consumer spending smashed by protests

Typically short-term leases, pop-ups enable the vendor to lure shoppers without having to commit to the expense of renting a permanent premises.

15 Jan 2020 - 11:46AM

Typically short-term leases, pop-ups enable the vendor to lure shoppers without having to commit to the expense of renting a permanent premises.

Luxury brands use pop-up stores to skirt Hong Kong’s sky-high retail rents amid consumer spending smashed by protests
Macau’s property market set for gloomy 2020 despite Beijing’s plans to transform it into a financial hub, say analysts

Beijing has unveiled incentives to diversify the city’s economy away from its reliance on the casino industry, but analysts say the property market will remain in the doldrums until more concrete plans emerge

14 Jan 2020 - 1:04PM

Beijing has unveiled incentives to diversify the city’s economy away from its reliance on the casino industry, but analysts say the property market will remain in the doldrums until more concrete plans emerge

Macau’s property market set for gloomy 2020 despite Beijing’s plans to transform it into a financial hub, say analysts
Hong Kong faces HK$10 billion potential shortfall in land sales revenue as city faces first fiscal deficit in 15 years

Property analysts say Hong Kong is likely to miss its target of collecting HK$143 billion from land sales and premium revenue because of weaker market sentiment and failed site tenders.

8 Jan 2020 - 8:55AM

Property analysts say Hong Kong is likely to miss its target of collecting HK$143 billion from land sales and premium revenue because of weaker market sentiment and failed site tenders.

Hong Kong faces HK$10 billion potential shortfall in land sales revenue as city faces first fiscal deficit in 15 years
Hong Kong hotels target staycations as the city’s tourism industry endures its worst slump since Sars

With tourists avoiding the city because of the months-long unrest, hotel operators are targeting families with discount package deals and activities to shore up declining occupancy rates.

7 Jan 2020 - 7:14PM

With tourists avoiding the city because of the months-long unrest, hotel operators are targeting families with discount package deals and activities to shore up declining occupancy rates.

Hong Kong hotels target staycations as the city’s tourism industry endures its worst slump since Sars
Hong Kong can learn from Israel’s start-up experience, position itself as leading fintech and blockchain hub, Tel Aviv official says

Hong Kong can follow Israel’s example of nurturing start-ups, and position itself as a leading financial technology and blockchain centre, an official with Tel Aviv’s municipality has said.

6 Jan 2020 - 6:00AM

Hong Kong can follow Israel’s example of nurturing start-ups, and position itself as a leading financial technology and blockchain centre, an official with Tel Aviv’s municipality has said.

Hong Kong can learn from Israel’s start-up experience, position itself as leading fintech and blockchain hub, Tel Aviv official says
Hong Kong may miss annual homes supply target as protests delay land sales

Hong Kong may fall short of its annual target of supplying new private homes to in the city as street protests and an economic recession disrupted its efforts to alleviate a housing shortage in the world’s most expensive residential market.

31 Dec 2019 - 11:42PM

Hong Kong may fall short of its annual target of supplying new private homes to in the city as street protests and an economic recession disrupted its efforts to alleviate a housing shortage in the world’s most expensive residential market.

Hong Kong may miss annual homes supply target as protests delay land sales
Hong Kong property prices are likely to fall across the board in 2020, industry insiders say

Prices of Hong Kong properties – residential, retail and office – are expected to fall in 2020, with the city’s ongoing anti-government protests, the US-China trade war and an economy in technical recession weighing on the sector.

31 Dec 2019 - 9:28AM

Prices of Hong Kong properties – residential, retail and office – are expected to fall in 2020, with the city’s ongoing anti-government protests, the US-China trade war and an economy in technical recession weighing on the sector.

Hong Kong property prices are likely to fall across the board in 2020, industry insiders say
Wheelock to loan three plots of land at HK$1 each to NGOs for 2,000 ‘transitional’ homes to ease housing crisis

The developer offers to lease 500,000 sq ft of land to the Hong Kong Council of Social Service and Lok Sin Tong charity to provide homes for families on the waiting list for public housing.

30 Dec 2019 - 11:39PM

The developer offers to lease 500,000 sq ft of land to the Hong Kong Council of Social Service and Lok Sin Tong charity to provide homes for families on the waiting list for public housing.

Wheelock to loan three plots of land at HK$1 each to NGOs for 2,000 ‘transitional’ homes to ease housing crisis
Japan, Italy are only losers in 2020 as home prices set to fall on Olympics, GDP hangovers: Fitch

Japan’s home prices are expected to fall next year as demand from foreign investors weakens after the Summer Olympics, while the weakest economy in Europe is likely to pressure prices in Italy, according forecasts by Fitch Ratings.

23 Dec 2019 - 10:43AM

Japan’s home prices are expected to fall next year as demand from foreign investors weakens after the Summer Olympics, while the weakest economy in Europe is likely to pressure prices in Italy, according forecasts by Fitch Ratings.

Japan, Italy are only losers in 2020 as home prices set to fall on Olympics, GDP hangovers: Fitch
State-backed conglomerate Citic Pacific wins bid for Tai Hang luxury residential site for HK$3.2 billion

Hong Kong-listed and Chinese state-backed conglomerate Citic Pacific has won a luxury residential plot in Tai Hang, southeast of Causeway Bay, for HK$3.2 billion (US$410.8 million), the city’s Lands Department said on Wednesday.

18 Dec 2019 - 11:58PM

Hong Kong-listed and Chinese state-backed conglomerate Citic Pacific has won a luxury residential plot in Tai Hang, southeast of Causeway Bay, for HK$3.2 billion (US$410.8 million), the city’s Lands Department said on Wednesday.

State-backed conglomerate Citic Pacific wins bid for Tai Hang luxury residential site for HK$3.2 billion
Hong Kong-listed chain Best Mart 360, which had 75 stores trashed during protests, opens in Macau

Hong Kong-listed snack shop chain Best Mart 360 on Tuesday opened the first of as many as 15 stores planned for Macau, as it diversifies away from the city, where 75 out of its 102 stores have been targeted by anti-government protesters over the past seven months.

17 Dec 2019 - 10:53PM

Hong Kong-listed snack shop chain Best Mart 360 on Tuesday opened the first of as many as 15 stores planned for Macau, as it diversifies away from the city, where 75 out of its 102 stores have been targeted by anti-government protesters over the past seven months.

Hong Kong-listed chain Best Mart 360, which had 75 stores trashed during protests, opens in Macau
Hong Kong protests create space for new businesses to expand, as traditional retailers, restaurants retreat after seven months of falling sales

New retail entrants are taking advantage of the downturn in Hong Kong’s economy to expand rapidly, as a rising number of big chains give up leases, forcing landlords to lower rents.

17 Dec 2019 - 7:31PM

New retail entrants are taking advantage of the downturn in Hong Kong’s economy to expand rapidly, as a rising number of big chains give up leases, forcing landlords to lower rents.

Hong Kong protests create space for new businesses to expand, as traditional retailers, restaurants retreat after seven months of falling sales
Sun Hung Kai Properties, Hong Kong’s largest developer, says situation ‘Sars-like’ with hotels revenue down by 50 per cent

Sun Hung Kai Properties, Hong Kong’s biggest developer by value, said revenue at its hotels division had plummeted by up to half in November and December, as the city’s tourism industry struggled to stay afloat amid seven months of anti-government protests and the US-China trade war.

16 Dec 2019 - 7:00AM

Sun Hung Kai Properties, Hong Kong’s biggest developer by value, said revenue at its hotels division had plummeted by up to half in November and December, as the city’s tourism industry struggled to stay afloat amid seven months of anti-government protests and the US-China trade war.

Sun Hung Kai Properties, Hong Kong’s largest developer, says situation ‘Sars-like’ with hotels revenue down by 50 per cent
Hong Kong’s favourite speculative bet is burning investors as protests puncture bubble in parking lot prices

Six months of anti-government protests in Hong Kong have burst the bubble in the market for car parking bays in the city as windfalls from flipping the asset evaporated and speculators were stung by losses in several transactions this year.

15 Dec 2019 - 10:25PM

Six months of anti-government protests in Hong Kong have burst the bubble in the market for car parking bays in the city as windfalls from flipping the asset evaporated and speculators were stung by losses in several transactions this year.

Hong Kong’s favourite speculative bet is burning investors as protests puncture bubble in parking lot prices
Gaw Capital says Hong Kong protests affected renovation schedule of its newly opened mall

Gaw Capital and its partners own a portfolio of 29 neighbourhood shopping centres and car parks in the city worth US$4.48 billion.

13 Dec 2019 - 4:49PM

Gaw Capital and its partners own a portfolio of 29 neighbourhood shopping centres and car parks in the city worth US$4.48 billion.

Gaw Capital says Hong Kong protests affected renovation schedule of its newly opened mall
Buyers stay on sidelines at K. Summit as Hong Kong’s first home sale since November 24 district polls has a lacklustre start

Hong Kong’s property market has been in a downbeat mood since the decade-long bull run in Hong Kong’s home market stalled in recent months, as the combination of the trade war and the city’s political unrest have deterred property buyers from large capital commitments.

7 Dec 2019 - 11:33PM

Hong Kong’s property market has been in a downbeat mood since the decade-long bull run in Hong Kong’s home market stalled in recent months, as the combination of the trade war and the city’s political unrest have deterred property buyers from large capital commitments.

Buyers stay on sidelines at K. Summit as Hong Kong’s first home sale since November 24 district polls has a lacklustre start
Sun Hung Kai offers 421 flats in Kennedy Town and Central for rent, offering help to ease housing shortage as vacancy tax kicks in

Sun Hung Kai Properties, Hong Kong’s largest developer, is offering 421 units for lease with terms as short as one month to cater for the younger population ahead of the impending vacancy tax to stop developers hoarding empty units.

5 Dec 2019 - 11:04PM

Sun Hung Kai Properties, Hong Kong’s largest developer, is offering 421 units for lease with terms as short as one month to cater for the younger population ahead of the impending vacancy tax to stop developers hoarding empty units.

Sun Hung Kai offers 421 flats in Kennedy Town and Central for rent, offering help to ease housing shortage as vacancy tax kicks in
Hong Kong luxury retailers seek more rent relief as protests cut sales in deserted malls

The Bluebell group, Asia’s largest distributor of luxury brands, is asking Hong Kong landlords to consider scrapping the base rent in shopping malls, saying a slump in tourist footfalls will push even more retailers out of business in the coming months.

4 Dec 2019 - 12:54PM

The Bluebell group, Asia’s largest distributor of luxury brands, is asking Hong Kong landlords to consider scrapping the base rent in shopping malls, saying a slump in tourist footfalls will push even more retailers out of business in the coming months.

Hong Kong luxury retailers seek more rent relief as protests cut sales in deserted malls
Hong Kong’s November home sales jump to six-month high as buyers take advantage of relaxed mortgage policy, price cuts

Overall residential transactions surged 43.9 per cent month on month in November to 5,756, while value rises 17.4 per cent to HK$47.78 billion (US$6.1 billion), Land Registry figures show.

6 Dec 2019 - 8:39PM

Overall residential transactions surged 43.9 per cent month on month in November to 5,756, while value rises 17.4 per cent to HK$47.78 billion (US$6.1 billion), Land Registry figures show.

Hong Kong’s November home sales jump to six-month high as buyers take advantage of relaxed mortgage policy, price cuts
Hong Kong’s small businesses consider backup offices in Kowloon as they look to relocate from protest hotspots

Comparatively cheap offices in Cheung Sha Wan, Kowloon Bay and Shek Mun are most likely to benefit from the trend, says Patrick Mak of Knight Frank.

3 Dec 2019 - 7:38PM

Comparatively cheap offices in Cheung Sha Wan, Kowloon Bay and Shek Mun are most likely to benefit from the trend, says Patrick Mak of Knight Frank.

Hong Kong’s small businesses consider backup offices in Kowloon as they look to relocate from protest hotspots
Sa Sa to exit Singapore as Hong Kong protests, dwindling mainland tourists crush retail sales

Sa Sa International, Hong Kong's biggest cosmetics retailer, will close all its 22 stores in Singapore and cut 170 jobs to save costs as it struggles to stem six years of losses, months of anti-government protests, and the US-China trade war.

3 Dec 2019 - 7:52PM

Sa Sa International, Hong Kong's biggest cosmetics retailer, will close all its 22 stores in Singapore and cut 170 jobs to save costs as it struggles to stem six years of losses, months of anti-government protests, and the US-China trade war.

Sa Sa to exit Singapore as Hong Kong protests, dwindling mainland tourists crush retail sales