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NWS Holdings annual profit dives 24pc

Construction segment yields $235m operating profit Annual profit at infrastructure company NWS Holdings (0659), a unit of developer giant New World Development (0017), has dived by nearly a quarter due mainly to no repeat of a


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Call for new statutory body to oversee renovation works

HKIS says new body would ensure better tendering and quality of work A new statutory body or authority should be set up to supervise consultants and contractors involved in renovation of old buildings to prevent tender


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It’s about time! Work finally starts at cultural centre project

Ground-breaking for first facility Xiqu Centre at West Kowloon Work has finally started on the first facility for the government’s showcase project, the West Kowloon Cultural District, fifteen years after it was first mooted. The West


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Using BIM on public works projects

Govt pressing ahead with trial use With Building Information Modelling (BIM) seemingly in vogue at present, the government is jumping on the bandwagon as it looks to save time, cost and disputes on public works contracts.


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New tender rules for renovation work

Bid to stamp out abuse on govt subsidised projects Things have just got a lot more difficult for unscrupulous contractors and criminal gangs hoping to cream off government subsidies for doing up old private buildings. The


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CEDD inviting consultants for underground space study

Study expected to take 2 years and yield 10 sites Danny Chung The government is pushing ahead with proposals for greater adoption of underground cavern development by inviting consultants to undertake a study of underground space


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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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Macau LRT remains in quagmire over delays

GIT demands proposals to resolve month-long work stoppage The Macau government’s troubled Light Rail Transit project looks increasingly unlikely to meet the project’s target completion date as the government remains mired in disputes with its contractors.


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Bachy to kick off construction at Cultural District

WKCDA awards foundation contract for Xiqu Centre The long-delayed West Kowloon Cultural District project has finally got itself to the construction starting line with the award of the foundation contract for the first facility. The West


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