The syndicates typically involve building management or consulting companies and builders working together to ensure owners’ corporations sign up to renovation and maintenance contracts with big mark-ups, Chiu Yan-loy (left) said. Lam Cheuk-ting (right) called for a new department to renovate the market. Photos: SCMP Pictures, Sam Tsang

Hong Kong flat owners warned of new scam by bid-rigging syndicates

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The syndicates typically involve building management or consulting companies and builders working together to ensure owners’ corporations sign up to renovation and maintenance contracts with big mark-ups, Chiu Yan-loy (left) said. Lam Cheuk-ting (right) called for a new department to renovate the market. Photos: SCMP Pictures, Sam Tsang
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