Browsing: Industry News

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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New public works contracts worth HK$80 billion

Public works projects with a total value of nearly HK$80 billion are set to awarded in the new financial year as the government maintains its high level of capital works expenditure. According to the estimates included


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Budget gets thumbs up from construction industry

The government’s new budget may have been panned for not doing enough to help the needy, for the construction industry at least the continuing high level of public spending on infrastructure and new spending proposals in


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