Browsing: Hong Kong

Construction output up 12.3pc in Q2

Total value for 2013 could top $172b Construction output for 2013 is likely to be heading for another record breaking year as the construction industry continues to work at high gear. Statistics released last Thursday by


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Hong Kong most expensive place for construction

Macau ranked fifth in top ten list Hong Kong is the most expensive place in the world for construction work, providing further confirmation for what many people, especially developers, have been suspecting and experiencing for some


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Watch it on labour imports, says union official

Labour Advisory Board to subject applications to greater scrutiny Contractors should not have any illusions about importing labour in order to maintain progress, especially on those projects where strikes have occurred, a union worker has warned.


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Town planning green light for Shangri-La hotel at Hung Hom

Danny Chung:   Plans by hotel operator Shangri-La Asia (0069) for a luxury hotel on a prime Hung Hom site took a step closer to fruition after town planners gave the green light to the project.


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Sun Hung Kai North Point project caught on the wrong foot

  Danny Chung Leading developer Sun Hung Kai Properties (0016) has been caught wrong-footed after a decision on its planning application for a prime site in North Point was deferred by the Town Planning Board last


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West Kowloon Cultural District project financial black hole, public subsidies likely

Danny Chung:   The government has warned the public to steel themselves for additional cash subsidies for its troubled West Kowloon Cultural District project amid concerns the project would be a financial black hole. Answering questions


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Public works contracts worth $1.25 billion awarded May 2013

Danny Chung:     Official records show public rental and subsidised housing projects accounted for most of the contracts awarded in the public sector in May 2013. According to the government gazette and websites of government


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Fair value gains push up Chevalier profit

Danny Chung:     Net profit at construction to information technology company Chevalier International Holdings (0025) has jumped by over half thanks to fair value gains on investment property and other investments. For the year ending


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Kowloon Development shrugs off property market worries

Danny Chung:     Mid-sized developer Kowloon Development (0034) has shrugged off worries facing the property market and economy and will stick to its business plans as it seeks to maintain property sales. Speaking after the


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We can work it out: The art of negotiation

Danny Chung   We can work it out: The art of negotiation What does choosing which film to watch with the better half after dinner, buying a property and dealing with a child who wants a


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