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.

Show more

Latest from Lam Ka-sing

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.

5 hours ago

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
Hong Kong home prices extend rout in October as protests escalated and economy mired in recession

Home prices in Hong Kong fell for a fifth month in October after an escalation in anti-government protests kept investors at bay despite efforts by the government to shore up the market, according to the latest official data.

29 Nov 2019 - 11:41PM

Home prices in Hong Kong fell for a fifth month in October after an escalation in anti-government protests kept investors at bay despite efforts by the government to shore up the market, according to the latest official data.

Hong Kong home prices extend rout in October as protests escalated and economy mired in recession
Best Mart 360 shuns ‘war zone’ Hong Kong for mainland China in growth plan after protesters trash 75 of its 102 stores

Best Mart 360 has been a frequent target of radical protesters who claim it has links to gangs in the Chinese province of Fujian and now plans to move into mainland China

29 Nov 2019 - 5:06PM

Best Mart 360 has been a frequent target of radical protesters who claim it has links to gangs in the Chinese province of Fujian and now plans to move into mainland China

Best Mart 360 shuns ‘war zone’ Hong Kong for mainland China in growth plan after protesters trash 75 of its 102 stores
Sun Hung Kai pays a record HK$42.23 billion for Austin Road commercial plot in Hong Kong’s costliest land tender

The winning bid is at the low end of a valuation range of between HK$41.1 billion and HK$63 billion, or between HK$13,000 per square foot and HK$20,000 per sq ft.

28 Nov 2019 - 12:16AM

The winning bid is at the low end of a valuation range of between HK$41.1 billion and HK$63 billion, or between HK$13,000 per square foot and HK$20,000 per sq ft.

Sun Hung Kai pays a record HK$42.23 billion for Austin Road commercial plot in Hong Kong’s costliest land tender
Hong Kong property prices expected to slide further as fears of protests remain despite pan-democrats’ thumping election win

Property owners continue to reduce prices to fund their emigration plans, while a survey conducted by University of Hong Kong shows more than half of the respondents expect property prices to fall further.

27 Nov 2019 - 8:29AM

Property owners continue to reduce prices to fund their emigration plans, while a survey conducted by University of Hong Kong shows more than half of the respondents expect property prices to fall further.

Hong Kong property prices expected to slide further as fears of protests remain despite pan-democrats’ thumping election win
Hong Kong’s higher mortgage cap deters at least one developer from building micro-flats as buyers can now afford larger homes

Hong Kong’s residential property market, the world’s most expensive on a per square foot basis for nine consecutive years, has lost its footing this year, weighed down by a combination of the year-long US-China trade war, unprecedented political unrest in the city and an impending flood of new homes as developers are forced by the local government’s vacancy tax to stop hoarding completed flats.

20 Nov 2019 - 8:00AM

Hong Kong’s residential property market, the world’s most expensive on a per square foot basis for nine consecutive years, has lost its footing this year, weighed down by a combination of the year-long US-China trade war, unprecedented political unrest in the city and an impending flood of new homes as developers are forced by the local government’s vacancy tax to stop hoarding completed flats.

Hong Kong’s higher mortgage cap deters at least one developer from building micro-flats as buyers can now afford larger homes
Developers pick up Kai Tak’s most valuable harbourfront land plot at 27 per cent discount as protests send property market into tailspin

Valuers had slashed their estimates for the site, which offers unobstructed views of one of the world’s most iconic skylines across the Victoria Harbour from Kowloon, by between 15 per cent and 20 per cent, since Hong Kong’s descent into regular anti-government protests that began in early June.

14 Nov 2019 - 10:44AM

Valuers had slashed their estimates for the site, which offers unobstructed views of one of the world’s most iconic skylines across the Victoria Harbour from Kowloon, by between 15 per cent and 20 per cent, since Hong Kong’s descent into regular anti-government protests that began in early June.

Developers pick up Kai Tak’s most valuable harbourfront land plot at 27 per cent discount as protests send property market into tailspin
Hong Kong’s hotel valuations drop, vacancy rates soar, as business travellers and tourists avoid city amid street protests

Tourists and duty-free shoppers from mainland China led the exodus, with their number of room nights falling 24 per cent during the week.

13 Nov 2019 - 12:10PM

Tourists and duty-free shoppers from mainland China led the exodus, with their number of room nights falling 24 per cent during the week.

Hong Kong’s hotel valuations drop, vacancy rates soar, as business travellers and tourists avoid city amid street protests
Hong Kong’s October stamp duty income jumps as non-resident property buyers pile in to pick up bargains amid oversupply

The data shows how investment capital continues to pour into Hong Kong, even as the city’s economy was driven into its first technical recession in more than a decade by six months of anti-government protests and the worst political crisis in history.

12 Nov 2019 - 6:32PM

The data shows how investment capital continues to pour into Hong Kong, even as the city’s economy was driven into its first technical recession in more than a decade by six months of anti-government protests and the worst political crisis in history.

Hong Kong’s October stamp duty income jumps as non-resident property buyers pile in to pick up bargains amid oversupply
Kai Tak runway parcel tender receives muted response even after valuation is cut by 15 per cent

Only Sun Hung Kai Properties, CK Asset and two consortiums led by Sino Land and China Overseas Land & Investment submit bids for sea-facing parcel on the runway of Hong Kong’s former airport.

8 Nov 2019 - 10:53PM

Only Sun Hung Kai Properties, CK Asset and two consortiums led by Sino Land and China Overseas Land & Investment submit bids for sea-facing parcel on the runway of Hong Kong’s former airport.

Kai Tak runway parcel tender receives muted response even after valuation is cut by 15 per cent
Hong Kong agencies Centaline, Midland see commercial property agents depart as deals plunge amid protests

Centaline Commercial and Midland IC&I, two of Hong Kong’s largest property agencies, have either cut headcount or seen staff members leave amid a slump in commercial property transactions.

6 Nov 2019 - 4:30PM

Centaline Commercial and Midland IC&I, two of Hong Kong’s largest property agencies, have either cut headcount or seen staff members leave amid a slump in commercial property transactions.

Hong Kong agencies Centaline, Midland see commercial property agents depart as deals plunge amid protests
Hong Kong’s homebuyers greet developers’ attempt to sell leftover residential property with their collective cold shoulder

The weekend’s dismal sales contrasted the sell-out performance on Friday by the Grand Ming Group, which sold all 375 flats at The Grand Marine project in Tsing Yi.

3 Nov 2019 - 12:39PM

The weekend’s dismal sales contrasted the sell-out performance on Friday by the Grand Ming Group, which sold all 375 flats at The Grand Marine project in Tsing Yi.

Hong Kong’s homebuyers greet developers’ attempt to sell leftover residential property with their collective cold shoulder
Land contributed by third-largest developer can house “some 40,000” people in transitional housing

Developer to hand over parcel of land in Kam Tin for social housing project.

2 Nov 2019 - 11:21PM

Developer to hand over parcel of land in Kam Tin for social housing project.

Land contributed by third-largest developer can house “some 40,000” people in transitional housing
Hong Kong’s homebuyers snap up every flat on offer during sales launch after banks cut rates for the first time in 11 years

The first reduction in Hong Kong’s borrowing costs since 2008 is driving homebuyers to bargains at a property launch on Friday. Five other projects will open for sales in the city on Saturday to test demand amid recession.

1 Nov 2019 - 11:02PM

The first reduction in Hong Kong’s borrowing costs since 2008 is driving homebuyers to bargains at a property launch on Friday. Five other projects will open for sales in the city on Saturday to test demand amid recession.

Hong Kong’s homebuyers snap up every flat on offer during sales launch after banks cut rates for the first time in 11 years
Hong Kong home prices in four-month losing streak, fell at fastest pace in nine months in September as protests intensified

Home prices in Hong Kong, the world’s least affordable housing market, declined for a fourth month in September, dropping by their fastest pace in nine months.

31 Oct 2019 - 10:45PM

Home prices in Hong Kong, the world’s least affordable housing market, declined for a fourth month in September, dropping by their fastest pace in nine months.

Hong Kong home prices in four-month losing streak, fell at fastest pace in nine months in September as protests intensified
Bonjour says au revoir, the second major retailer to leave world’s costliest high street in Causeway Bay amid protests

Cosmetics chain Bonjour Holdings is exiting Causeway Bay’s Russell Street, following in the footsteps of Italian fashion house Prada.

31 Oct 2019 - 7:56AM

Cosmetics chain Bonjour Holdings is exiting Causeway Bay’s Russell Street, following in the footsteps of Italian fashion house Prada.

Bonjour says au revoir, the second major retailer to leave world’s costliest high street in Causeway Bay amid protests
Billionaire Cecil Chao experiments with co-living to avoid Hong Kong’s looming vacancy tax

Cecil Chao Sze-tsung, chairman of Cheuk Nang (Holdings), says the upcoming vacancy tax will have a big impact on developers.

30 Oct 2019 - 8:29AM

Cecil Chao Sze-tsung, chairman of Cheuk Nang (Holdings), says the upcoming vacancy tax will have a big impact on developers.

Billionaire Cecil Chao experiments with co-living to avoid Hong Kong’s looming vacancy tax
China Evergrande’s Emerald Bay housing project in Tuen Mun is a sell-out as buyers find low prices, discounts hard to resist

The mainland developer sold all 167 flats on offer at its first housing project in Hong Kong

29 Oct 2019 - 7:00AM

The mainland developer sold all 167 flats on offer at its first housing project in Hong Kong

China Evergrande’s Emerald Bay housing project in Tuen Mun is a sell-out as buyers find low prices, discounts hard to resist
New Hong Kong property projects fail to dazzle as buyers turn to secondary market amid downbeat sentiment

New property projects launched on Friday failed to take off, as a relaxation of mortgage restrictions diverts homebuyers to Hong Kong’s secondary property market.

25 Oct 2019 - 11:01PM

New property projects launched on Friday failed to take off, as a relaxation of mortgage restrictions diverts homebuyers to Hong Kong’s secondary property market.

New Hong Kong property projects fail to dazzle as buyers turn to secondary market amid downbeat sentiment
Hong Kong’s third-quarter housing supply shrinks, foiling policymakers’ attempt to improve affordability for first-time buyers

Hong Kong’s developers are churning out newly-completed homes at a slower pace at a time when they are needed most, underlining the acute supply that some said has become a fodder for anti-government protests since June.

25 Oct 2019 - 11:33PM

Hong Kong’s developers are churning out newly-completed homes at a slower pace at a time when they are needed most, underlining the acute supply that some said has become a fodder for anti-government protests since June.

Hong Kong’s third-quarter housing supply shrinks, foiling policymakers’ attempt to improve affordability for first-time buyers
Hong Kong retailers that have borne brunt of protesters’ ire look to sell properties, end leases

Restaurant operator Fulum Group Holdings has put eight properties worth some US$327.78 million on sale, while Best Mart 360 and Genki Sushi are debating whether to renew leases of some of their outlets in protest-hit areas.

24 Oct 2019 - 9:19AM

Restaurant operator Fulum Group Holdings has put eight properties worth some US$327.78 million on sale, while Best Mart 360 and Genki Sushi are debating whether to renew leases of some of their outlets in protest-hit areas.

Hong Kong retailers that have borne brunt of protesters’ ire look to sell properties, end leases
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.

23 Oct 2019 - 1:02PM

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