Guardian wins contract

THE Hong Kong Housing Authority will award the first pilot scheme for privatising Yiu Tung Shopping Centre in Shau Kei Wan to Guardian Property Management to lease and manage.

It is the first time a Housing Authority-funded shopping centre will be given to a private firm and is the first step in the authority's bid to privatise management and leasing of its new commercial developments.

The Yiu Tung Shopping Centre, in the new Yiu Tung Housing Estate, should be completed by mid-November.