Browsing: Hong Kong

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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Construction output for 2012 highest since 1998

The value of construction output in Hong Kong for 2012 reached HK$159.6 billion, its best performance since 1998, as the industry continues to fire on all cylinders. According to latest provisional figures from Census and Statistics


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French International School plans green expansion

French International School is planning on expanding its existing Blue Pool Road school campus with a proposed extension nearby. In its planning statement submitted as part of the section 16 planning application last month, the school


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Swire Properties adjusted underlying profit surges 59%

Swire Properties (1972), the real estate arm of conglomerate Swire Pacific (0019), saw its adjusted underlying profit for 2012 surge by 59 percent to HK$6.93 billion thanks to sales at its AZURA residential project in Hong


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Lawmakers to study reprovisioning Yau Ma Tei police station

Legislators will meet Friday to study the government’s proposals to reprovision Yau Ma Tei police station to allow construction of the proposed Central Kowloon Route (CKR). According to a paper submitted by the Transport and Housing


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MTRC to book inventory flat sales in 2013

Railway operator and property developer MTRC (0066) will be relying on sales of inventory flats to prop up the  contributions from its property development business for the 2013 financial year. “Based on the existing construction programme,


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