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Non-traditional Hong Kong bidder tops property giants in Tung Chung HK$1.6b land auction

    Non-traditional Hong Kong bidder tops property giants in Tung Chung HK$1.6b land auction

    2 months ago02 mins

    Hong Kong construction and engineering company Able Engineering has secured a residential site in Tung Chung for a higher-than-expected HK$1.627 billion (US$207 million) premium, outbidding five groups of major developers in the city. Able Best, a construction and private development unit of Able Engineering, secured a 50-year land grant for the 152,332 sq ft plot,…

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    Contractors’ botches lead to bans on bidding for Hong Kong public projects

      Contractors’ botches lead to bans on bidding for Hong Kong public projects

      6 months ago02 mins

      Contractors at the centre of construction botches at three Hong Kong light public housing sites last year have been banned from bidding for public projects for up to a year, the government has said. The firm responsible for overseeing work quality, Able Engineering, has also been ordered to pay the extra costs for fixing the…

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