Hong Kong housing authorities have terminated three public estate contracts with a construction company linked to five workplace deaths in three accidents, despite the court suspending a ban on its operating licence. The move means all six projects managed by Aggressive Construction Company have been taken over despite the suspension order. The Housing Authority said…
A Hong Kong construction company linked to five workplace deaths in three accidents will have a ban on its operating licence lifted following a temporary court order, even as two of the firm’s six contracts have been terminated. The Development Bureau said on Wednesday that Aggressive Construction Company would remain on the government’s registered list…
Hong Kong’s cash-strapped Urban Renewal Authority (URA) has frozen the salaries of its 700 staff for the second time in four years, following an earlier decision by the government to pause pay rises for civil servants. The authority confirmed to the Post on Sunday that it had made the decision after reviewing employee salaries, a…
Hong Kong’s second-largest public housing provider plans to send out a fresh round of tenancy agreements in September that will require well-off residents to pay extra rent, with those who refuse expected to move out in four months, the group’s chairman has said. Ling Kar-kan, Hong Kong Housing Society chairman, also said on Saturday the…
The Hong Kong Housing Society (HKHS) has signed HK$12 billion ($1.54 billion) five-year term and revolving syndicated loan facilities with 12 local and international banks, making it HKHS’ largest ever syndicated loan; it includes a HK$3 billion social tranche. The overall pricing of the loan facilities is based on the Hong Kong Interbank Offered Rate…