50 arrested in HK$500m building maintenance bid-rigging crackdown

    50 arrested in HK$500m building maintenance bid-rigging crackdown

    Hong Kong authorities have arrested 50 people, including some with alleged triad backgrounds, in a crackdown on bid-rigging activities involving 27 housing estates and buildings and about HK$500 million (US$64.1 million) in contracts. The ICAC said the suspects included the alleged mastermind and core members of a syndicate behind bid-rigging activities for the repair and…

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    Hong Kong property recovery tested as bigger student housing deals gain traction

      Hong Kong property recovery tested as bigger student housing deals gain traction

      Hong Kong’s student housing sector is entering a new phase as larger institutional-style deals emerge from the city’s distressed commercial property market, signalling that professional investors are cautiously returning after years of falling asset values. Investors and analysts said the market was moving beyond the smaller hotel conversions that dominated the past two years, with…

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