Pretty much what you'd expect based on the era, the place, and the people involved. Wu Ma and Sammo Hung add a bit more focus on the action, the horror elements are never scary but more plot-based, and the comedy is cheesy but fun in its own right. It's all pretty amusing, but far from great.
In order to get this hands on an inheritance, Lucho fakes his own death. His friend can't believe Lucho is gone and starts an investigation, getting a little too close to the truth. Trying to keep him from finding out what really happened, Lucho dies for real and ends up haunting his friend as a ghost.
Hung and Ma are funny, the martial arts scenes are decent enough (but nothing out of the ordinary) and the horror is pretty bland though it gets pretty over-the-top as the plot continues. If you've seen a couple of these films you should know what to expect, it's not a stand-out, but good fun regardless.