Link costing $12m a month while it awaits listing
The Link real estate investment trust is spending an average of $12 million a month on operational costs as it awaits a public listing, Secretary for Housing, Planning and Lands, Michael Suen Ming-yeung, told legislators yesterday. Mr Suen said the management of facilities under the Link would not be subject to any tendering exercise as it was a direct subsidiary of the Housing Authority, which is currently paying all its costs.
Trio of companies 'about to sign' in industrial park
Three companies are close to sealing a deal with the Hong Kong Science and Technology Parks Corporation to operate in the Tseung Kwan O Industrial Park, which has a vacancy rate of 51 per cent, Secretary for Commerce, Industry and Technology John Tsang Chun-wah told legislators.
Mr Tsang said while more than half of the park's land area was vacant, that did not mean rents were too high.
Consumer council urges opening power market
