Browsing: Hong Kong

Cost of reclamation for artificial islands needs to be capped

Danny Chung Artificial islands, as proposed by the Government in the 2013 Policy Address, may need to be built in shallower waters in order that are economically viable as a source of new land, according to


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West Kowloon Cultural District costs may double

Danny Chung The government may have to go back cap in hand to legislators for more funding as development costs more than double for the much-delayed showcase project the West Kowloon Cultural District (WKCD). Local Chinese


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Govt awards public works worth HK$5 billion in February 2013

Danny Chung The government and related organisations awarded public sector contracts worth a total of HK$5 billion for construction and building services work during February. According to the latest government gazette notice published last week, the


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K Wah International posts record profit

Mid-sized developer K Wah International Holdings (0173), controlled by tycoon Lui Che-woo, saw its net profit and revenue climb to record highs in 2012, on the back of strong demand for residential property. For the year


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Cheung Kong net profit falls 30%

Leading Hong Kong developer Cheung Kong (Holdings) (0001) saw its net profit for 2012 fall by nearly 30% due to no repeat of a one-off gain that was recorded for the year before. For the year


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Net profit at Wharf increases by half

Property to ports conglomerate The Wharf (Holdings) (0004) saw its net profit leap by over a half to a record HK$47 billion thanks to increased revenues and higher fair values for its investment properties. For the


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CIC splashes out $214 million to train more workers

The Construction Industry Council is rolling out new training schemes at a cost of HK$214 million which the council hopes will lead to 8,700 new workers a year being trained for the construction industry. Council chairman


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Dredging plan for Kwai Tsing container terminals

The government is proposing to dredge the seabed of Kwai Tsing Container Basin and parts of the approach channel to allow docking of the new generation of container ships in a project costing about HK$490 million.


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Govt lists five reclamation sites for further consultation

Contractors can look forward to more near-shore reclamation work, equivalent to the area of about two West Kowloon Reclamations, if sites proposed by the government get the nod from the public. The government launched Stage 2


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Office conversion plan for Paul Y Centre

Paul Y Centre, where Paul Y Engineering (0577) has its offices, is set for a wholesale conversion to commercial use if a planning application gets approved. In an application submitted late last month, the registered owners


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