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  • September 19, 2014
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  1. Comment - Insight & Opinion - BRICKS & MORTAR

    Rising wages for construction workers pressure mainland developers

    Posted Sep 15th 2014, 02:44pm by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Construction boom forcing firms to pay more to recruit workers as HK also under strain Mainland developers feel pressure of rising wages Hong Kong developers and contractors have long moaned about a labour shortage at the city's construction sites, but wage pressures have also been building up across the border. In a recent chat with a top manager ...

    http://www.scmp.com/comment/insight-opinion/article/1593085/rising-wages-construction-workers-pressure-mainland
  2. Property - Hong Kong & China - REAL ESTATE

    China State Construction Engineering sees profit rise 34.4pc

    Posted Aug 25th 2014, 12:06pm by Langi Chiang

    ... Langi Chiang langi.chiang@scmp.com China State Construction Engineering (CSCEC), the mainland’s largest real estate conglomerate, posted a 34.4 per cent year-on-year rise in net profit ... market downturn, tight credit and local government debts. The conglomerate suffered a net cash outflow of 7.4 billion yuan in the first half. It controls Hong Kong-listed China State Construction ...

    http://www.scmp.com/property/hong-kong-china/article/1580520/china-state-construction-engineering-sees-profit-rise-344pc
  3. Business - Companies - EARNINGS

    Building boom drives China State Construction’s first-half profit up 25pc

    Posted Aug 14th 2014, 01:59pm by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com China State Construction International posted a 24.93 per cent jump in first-half net profit as construction business boomed in Hong Kong and Macau. ... advantage of the booming market, the group’s construction business has become prosperous,” chairman and chief executive Zhou Yong said on Thursday in the company’s earnings results statement. Taking ...

    http://www.scmp.com/business/companies/article/1573468/building-boom-sees-china-state-constructions-first-half-profit
  4. Business - Comment - JAKE'S VIEW

    Hong Kong contractors' bid-rigging is behind rising prices

    Posted Sep 18th 2014, 05:57am by Jake Van Der Kamp

    ... you the deflator index for private construction costs in Hong Kong. It is taken from the gross domestic product figures and based on a value of 100 for September 2003, the approximate beginning of the present longer-term economic cycle. It shows private construction costs have gone up 130 per cent over the period. This is much more than the deflator for the overall economy, ...

    http://www.scmp.com/business/article/1594838/hong-kong-contractors-bid-rigging-behind-rising-prices
  5. Property - Hong Kong & China - PROPERTY

    Hainan cracks down on idle land parcels

    Posted Aug 25th 2014, 03:31am by Langi Chiang

    ... cracks down on idle land parcels Construction across Hainan has sped up as a government campaign forces property firms to either develop or lose the land parcels they have been hoarding. ... two cities, Haikou and Sanya, are from outside the island. Developers have been holding 92.8 million sqmetres of land in 1,150 parcels. Construction on these had not started within a year ...

    http://www.scmp.com/property/hong-kong-china/article/1580469/hainan-cracks-down-idle-land-parcels
  6. Property - Hong Kong & China - PROPERTY

    Government's affordable home drive protects mainland China jobs

    Posted Sep 15th 2014, 04:43am by Langi Chiang

    ... Chinese leaders have relaxed monetary policies for a select number of sectors in recent months, including agriculture, small business and home construction for the poor. But they have kept up ... concerned about defaults, bankruptcies, and liquidations among private developers, construction companies, and other residential real estate-related companies that made fat profit margins during ...

    http://www.scmp.com/property/hong-kong-china/article/1592734/governments-affordable-home-drive-protects-mainland-china
  7. Property - Hong Kong & China - REGULATION

    Beating the bid-riggers: Angry homeowners use competition law to battle price-fixing

    Posted Sep 15th 2014, 04:43am by Benjamin Robertson, Elaine Yau

    ... Benjamin Robertson and Elaine Yau A group of disgruntled HK homeowners is harnessing competition law to battle inflated costs from manipulated construction tenders Beating the bid-riggers Angry and out-of-pocket Hong Kong homeowners now challenging the city’s government to stand up to alleged construction sector bid-rigging cartels hope they have found a new weak spot: ...

    http://www.scmp.com/property/hong-kong-china/article/1592797/beating-bid-riggers
  8. Property - Hong Kong & China - PROPERTY

    Developers keen as MTR's Tai Wai residential project up for tender

    Posted Sep 16th 2014, 03:15am by Yvonne Liu

    ... "The location of the site is very good. And the new land premium levy would be less than that in 2012. But the construction cost of residential [developments] has risen to more than HK$4,000 ... of interest, as did property trust Link Reit. The railway operator will release the project for tender soon. Surveyors estimated the total investment cost, including land premium, construction ...

    http://www.scmp.com/property/hong-kong-china/article/1593409/developers-keen-mtrs-tai-wai-residential-project-tender
  9. Property - Hong Kong & China - HOUSING

    China's unsold housing stock soars 190pc over four years

    Posted Sep 16th 2014, 11:53am by Yvonne Liu

    ... to growth in property investment, land supply and housing construction over recent years. Although local governments across the mainland have eased restrictions on the purchase of second homes, ...

    http://www.scmp.com/property/hong-kong-china/article/1593743/mainlands-unsold-housing-stock-soars-190pc-over-four-years
  10. Property - Hong Kong & China - TENDER

    MTR Tai Wai housing project back on market

    Posted Sep 11th 2014, 06:01am by Yvonne Liu

    ... two years ago," said Alvin Lam Tsz-pun, a director at Midland Surveyors. "But the developers still need to afford the construction cost and profit-sharing with the MTR. It is still a heavy investment." Construction costs have risen sharply over the past two years. It costs at least HK$4,500 per square foot to build mass residential homes. Since the Tai Wai project ...

    http://www.scmp.com/property/hong-kong-china/article/1589742/mtr-tai-wai-housing-project-back-market

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