Browsing: Industry News

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


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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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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


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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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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


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Excel Concrete wins $7.5 million damages over Yau Tong site

Concrete producer Excel Concrete has won damages of nearly HK$7.5 million over a failed attempt to lease a piece of land in Yau Tong for use as a concrete batching plant. In a written judgement released


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Hong kong Land underlying profit up 11%

Hongkong Land, the biggest landlord in Central, posted an 11 percent increase in underlying profit for 2012, despite experiencing weak demand for office and retail space. In a press release, the company said underlying profit attributable


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14 bidders for Ocean Park first hotel

Ocean Park’s tender for the development and operation of its first hotel has received keen interest from developers with over a dozen expressions of interest received so far. The theme park company’s chairman Allan Zeman confirmed


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Govt finds land for offsite cut and bend

Contractors could be in for some big savings in steelfixing costs if plans for land to house an offsite cut and bend facility for steel reinforcement fabrication get the go ahead from the government. Responding to


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Build King annual profit plunges 19%

Mid sized contractor Build King Holdings (0240) saw its annual profit plunge 19 percent despite a government driven construction boom that has brought full order books for many contractors, In its annual results released last Friday,


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