Browsing: Industry News

Public works worth $16.4 billion awarded in March

Danny Chung Public works contracts worth nearly HK$16.4 billion in total were awarded by government departments and government controlled organisations last month as investment in public infrastructure and housing continued unabated. According to the government gazette


Read More
Steelfixing daily rate to rise to $1,490

Danny Chung Main contractors will be coughing up more and earlier too for steelfixing labour as a predetermined wage increase agreement kicks in. In a joint press release last Friday, the Hong Kong Bar-Bendering Contractors Association


Read More
Report: Management grade pay higher than Hong Kong median salary

Danny Chung Management and professional grade staff working in the construction industry continue to be command higher salaries than the median Hong Kong salary according to a new industry report. According to the “Hong Kong Construction


Read More
Hsin Chong buys Beijing property for $975 million

Danny Chung Mid sized contractor Hsin Chong Construction Group (0404) will buy a commercial property in Beijing for 780 million yuan (HK$975 million) in its drive to build its property business in China. In a stock


Read More
Govt pressing ahead with NEC forms

Danny Chung The government is continuing with its pilot programme of procuring public works contracts using the New Engineering Contract (NEC) form with the eventual goal of establishing a procurement policy using the form. In a


Read More
Construction spending could top $870 billion over next five years, says CIC

Total construction spending for the next five years in both the private and public sectors could reach as high as HK$870 billion, according new estimates from the Construction Industry Council. The spending encompasses civil works, building


Read More
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


Read More
Leighton Contractors bag SCL Hung Hom job

Australian contractor Leighton Contractors (Asia) has won a major contract for the Shatin to Central Link worth A$656 million (about HK$5.28 billion), barely a month after it secured a major hospital contract from the government. In


Read More
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


Read More
Leighton Contractors bag $2.97 billion hospital project

After what must have been a nail-biting seven month wait, Australian contractor Leighton Contractors (Asia) has bagged a design-and-build contract for Tin Shui Wai Hospital worth HK$2.97 billion. In a press release late last month, Leighton


Read More