Housing Project Hit By Substandard Steel Blunder
"); jQuery("#212 h3").html("
"); });
2018-05-23 HKT 22:35
The Housing Society has confirmed that tonnes of concrete reinforcing rods in its redevelopment project in Shau Kei Wan were made from substandard steel.
Seven-and-a-half tonnes of the rods were used in a car park and ground-floor structures at the Ming Wah Dai Ha subsidised public housing project.
The society said the contractor is replacing the rods, and throwing away another 12 tonnes of unused ones.
It said a sub-contractor was hurrying and used the bars before getting test reports back - which later showed they were made of substandard steel.
The society said the extra construction costs and possible income loss due to delay will be paid by the contractor.
It expects the first phase of the project, which will provide 960 flats, should still be completed on schedule by the end of next year. The last of the three phases is expected to be finished in 2031.
HSBC, StanChart, Alibaba Cloud Among First Cohort Of HKMAs Gen AI Sandbox
The Hong Kong Monetary Authority (HKMA) and Cyberport have announced the first cohort of its Generative Artificial Inte... Read more
QuickFest 2025 To Focus On AI, Automation, And The Future Of Accounting
QuickFest, the virtual conference tailored for accounting professionals, bookkeepers, and consultants, will return on 1... Read more
5 Stories That Shaped Hong Kongs Fintech Scene In 2024
In 2024, Hong Kong further cemented its position as a leading fintech hub in the world, with the number of fintech comp... Read more
Top 11 Fintech Events In Hong Kong, Japan And Korea In 2025
East Asian countries, especially Hong Kong, China and South Korea, have become global hotspots for fintech innovation, ... Read more
Hong Kong SFC Grants Four VATP Licences, Boosting Virtual Asset Growth
The Securities and Futures Commission (SFC) announced today that it has granted Hong Kong VATP licences to four virtual... Read more
ZA Bank Chief Exec Ronald Iu Reportedly Stepping Down, May Join PAObank
Chief Executive of Hong Kong’s ZA Bank, Ronald Iu, is reportedly planning to step down early next year, according to ... Read more