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West Kowloon Cultural Arts Hole sucks up billions more

Since the Hong Kong SAR government approved the HK$21.6 billion budget for the West Kowloon Cultural District, the construction cost have kept climbing and now the money is running out, back in May of last year


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Henderson Land predicts urban in-town prices to rebound after 6% drop

Henderson Land is said to hold a neutral view on the outlook for the Hong Kong housing market following the recent “policy easing”. According to the company the overall outlook remains driven by the very visible


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Fortune Global 500 company becomes major shareholder in Hsin Chong

Deep Market Penetration and Expertise to Accelerate Hsin Chong’s Business Development in China. Tewoo Group, a Fortune Global 500 company, and a leading conglomerate with core businesses in commodity trading, real estate development, logistics and financial


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Autotoll & JSI win Highway Department tender worth HK$323 million

Autotoll and JSI win Highways Department Tender of Hong Kong-Zhuhai-Macao Bridge worth HK$323 million. Autotoll Limited (Autotoll)  announced that the JV partnership of Autotoll Limited and Jiangsu Intellitrans Company Limited (JSI), JSI-AUTOTOLL JV has won Highways


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Moon Ocean cancels La Scala contracts

Hong Kong-listed Chinese Estates Holdings announced Monday that its fully owned subsidiary Moon Ocean will return all deposit money in full handed over for the presold property units in the mothballed La Scala project in Taipa


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China State halfway to 2014 target

State giant bags $27.6b worth of new contracts in first four months The Group recorded an accumulated new contract value of HK$27.56 billion in the four months ended 30 April 2014, representing a Year-on-Year (“YoY”) growth


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Malaysian  conglomerate $4B Resorts World Vegas project crosses hurdle

A Malaysian conglomerate that hopes to build a $4 billion Asian-themed resort at the site of a long-stalled hotel construction project on the Las Vegas Strip crossed a major regulatory hurdle Wednesday. Officials with the Nevada


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Daily wages & construction costs see a drop in Macau

Information from the Statistics and Census Service (DSEC) indicated that the average daily wage of construction workers decreased by 0.8% quarter-to-quarter to MOP631 in the first quarter of 2014, and the average daily wage of local


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New City of Dreams hotel tower under construction in Macau

Melco Crown Entertainment unveils details and design by Zaha Hadid Melco Crown Entertainment, a developer and owner of casino gaming and entertainment resort facilities in Asia, recently released the project details and architectural design of its


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Public Works Worth $5.54b awarded in February 2014

The current feverish pace in the construction industry shows no signs of let up yet with public works projects worth over HK$5 billion awarded during February this year. According to the government gazette and websites of


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