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  • October 26, 2014
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  1. Property - Hong Kong & China - LABOUR

    Rising Hong Kong construction costs require creative approach, says consultancy

    Posted Oct 21st 2014, 06:33pm by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Imported workers and new methods of building may offer solutions to industry, experts say Construction costs continue to soar, beating inflation Rising building costs in Hong Kong show no sign of abating, with construction inflation consistently exceeding the city's overall inflation rate, consultants say. With the sector struggling to find ...

    http://www.scmp.com/property/hong-kong-china/article/1621344/rising-hk-construction-costs-require-creative-approach-says
  2. Business - Economy - PROPERTY

    Shanghai named world's leading city for shopping centre construction

    Posted Oct 20th 2014, 01:58pm by Sandy Li

    ... centres Eight of the 10 busiest cities for shopping centre construction around the world are in China, according to property firm CBRE, which warns that Shenyang and Wuxi are at high risk ... square metres under construction, followed by Chengdu, the capital of Sichuan province, with 3.2 million sq metres. It said Shenyang was "one of the first cities in China where the retail ...

    http://www.scmp.com/business/economy/article/1620553/shenyang-and-wuxi-risk-oversupply-shopping-centres-warns-cbre
  3. Property - International - BRITAIN

    London home prices lose their fizz as construction booms in city

    Posted Oct 08th 2014, 07:16am by Bloomberg

    ... as construction booms Twenty-one cranes loom over the south bank of the River Thames from Battersea Power Station to the St George Wharf tower. Here, in the biggest concentration of residential projects ... is redeveloping the Battersea station as part of a plan to turn the neighbourhood into a prime address. As the blocks of flats rise, the price increases that underpinned the construction boom have come ...

    http://www.scmp.com/property/international/article/1611459/london-home-prices-lose-their-fizz-construction-booms-city
  4. Property - International

    Australian construction activity expands at fastest pace in nine years

    Posted Oct 07th 2014, 02:07pm by Reuters

    ... Reuters in Sydney Australian construction activity expanded at the fastest pace in nine years last month, led by a boom in housing and a recovery in commercial building, according to a survey released on Tuesday. The overall index of construction activity jumped 4.1 points to 59.1 in September, well above the 50 threshold that separates growth from contraction, the report ...

    http://www.scmp.com/property/international/article/1611327/australian-construction-activity-expands-fastest-pace-nine
  5. News - China

    Chinese authorities attempt to put the brakes on wasteful urban construction

    Posted Sep 26th 2014, 02:56pm by Nectar Gan

    ... in the rampant construction of new urban districts across China in an attempt to stem the appearance of so-called “ghost towns”, the Ministry of Land and Resources said on Thursday. Permission will not be given for construction of any new urban area unless central districts of the city have become overcrowded or there is a need to avoid natural disasters, The Beijing News reported Dong Zuoji, ...

    http://www.scmp.com/news/china/article/1600882/chinese-authorities-attempt-put-brakes-wasteful-urban-construction
  6. 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
  7. Business - Banking & Finance - EARNINGS

    China Construction Bank posts slower 9pc gain in first-half profit

    Posted Aug 30th 2014, 01:29am by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com Net profit reaches 130.7 billion yuan to meet market target while bad loans expand 12pc Construction Bank posts slower 9pc gain in first half China Construction Bank Corp, the mainland's second-largest lender by assets, raised net profit 9 per cent in the first half, a period marked by decelerating growth in the state banking sector. The bank ...

    http://www.scmp.com/business/banking-finance/article/1581924/china-construction-bank-posts-slower-9pc-gain-first-half
  8. 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
  9. News - Hong Kong - Public safety

    Elite rescuers go underground as MTR construction ramps up

    Posted Aug 22nd 2014, 03:06am by SAMUEL CHAN

    ... below sea level has been part of the team's regular training. It is usually based on construction workers trapped deep below ground after blasting or excavation goes wrong. "Usually these sites have elevators, but there is no better substitute for men [to get people out] if machines break down," Chow said. Most underground construction now under way takes place at MTR rail ...

    http://www.scmp.com/news/hong-kong/article/1578554/elite-rescuers-go-underground-mtr-construction-ramps
  10. News - Hong Kong - TRANSPORT

    Shops at Hung Hom Station closing ahead of transfer point construction

    Posted Aug 20th 2014, 04:14am by BRIAN YAP

    ... Brain Yap brian.yap@scmp.com First phase of work begins soon to create new MTR connection to Central Hung Hom shops closing before construction Fifteen out of 32 shops and restaurants ... early this month, and all of them are expected to have been closed down by the time the work commences early next month," said MTR corporation construction manager Patrick Cheng Kai-shing. ...

    http://www.scmp.com/news/hong-kong/article/1577148/shops-hung-hom-station-closing-ahead-transfer-point-construction

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