Advertisement

Sung heir takes divergent path

2-MIN READ2-MIN
Peggy Sito

Grandson of famous builder follows where the money is - designing restaurants in luxury hotels

Inheriting the family business often means having to face a host of challenges, especially when the business belongs to a sunset industry.

So David Sung Hai-soon reckons it is not worth following in the footsteps of his late grandfather, the famous construction engineer Sung Tak-sui.

Advertisement

The elder Sung was one of the builders of the HSBC Building on Shanghai's Bund district in 1923 and the founder of construction firm Sung Foo Kee, which erected most of the landmark edifices in Hong Kong's Central district such as the Mandarin Oriental hotel and Prince Building.

'Hong Kong's construction industry is a sunset industry as the growth pace of its economy slows. It is also capital intensive as contractors need to buy the building materials in advance and get paid by the developers only months later,' Mr Sung said.

Advertisement

'And it is an industry that easily draws criticism from the public.'

Advertisement
Select Voice
Select Speed
1.00x