Browsing: Slider

Legco subcommittee to review $853 million funding requests

Legislators will be scrutinizing three public works projects with a total cost of HK$852.7 million at money-of-the-day (MOD) prices that the government is seeking funds for. The Public Works Subcommittee of the Finance Committee of the


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Govt awards public works worth HK$11 billion January 2013

The government awarded nearly HK$11 billion worth of contracts for construction and building services work in January 2013, with civil works accounting for most of it. According to a gazettal notice last month, total value of


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Hysan to redevelop Sunning Plaza, Court

  Hysan Development (0014), one of the biggest landlords in the prime retail district of Causeway Bay, plans to redevelop two properties at Sunning Road into a mixed use complex. “Our next re-development target is the combined


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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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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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Govt, taxpayers foot bill for illegal channel work

The government and taxpayers have been left footing the bill after being forced to spend over a million dollars reinstating a drainage channel that was illegally diverted to allow building of an access road. The drainage


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Govt consigns application list to dustbin

The government has finally thrown in the towel with the application list system and will rely on regular land sales from now on as it grapples with tight land supply and stubbornly high property prices. The


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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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