Property Digest, March 6, 2013

PUBLISHED : Wednesday, 06 March, 2013, 12:00am
UPDATED : Wednesday, 06 March, 2013, 4:40am

Merger sees UK firm expand reach into HK

Britain-based consultancy Turner & Townsend has merged its Hong Kong office with H.A. Brechin & Co, chartered quantity surveyors and cost consultants, to form Turner & Townsend Brechin. H.A. Brechin - with a 100-strong workforce in Hong Kong, Shenzhen, and Macau - specialises in cost and quantity surveying services to the property and infrastructure sectors. The merger will further open up market opportunities for Turner & Townsend in Asia, increasing its access to larger projects and higher-profile clients in Hong Kong, especially within the public sector, said Turner & Townsend. Brechin's clients include the Hong Kong Airport Authority, Swire and the MTR Corp. The firm also works with the Architectural Services Department and the Hospital Authority. Peggy Sito


Vancouver sees 29pc decline in home sales

The number of homes sold in greater Vancouver fell 29.4 per cent in February from a year earlier, the city's real estate board said. Realtors sold 1,797 homes last month from 2,545 in February 2012, the Real Estate Board of Greater Vancouver said. The number of homes sold was the second lowest in February since 2001 and 30.9 per cent below the 10- year sales average for the month, it said. Bloomberg