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.
OKI And Hitachi To Launch Joint Venture For ATM And Automated Equipment In October
OKI, Hitachi, and Hitachi Channel Solutions have announced that they have reached agreements to integrate their automat... Read more
The Race For Hong Kongs First Stablecoin Licenses Is Almost Over
I’ve been refreshing the Hong Kong Monetary Authority’s register of licensed stablecoin issuers frequently over the... Read more
HTF Securities And Alchemy Pay Expand Hong Kong Type 1 License For Virtual Assets
Alchemy Pay has announced that, in partnership with HTF Securities Limited, it has successfully expanded HTF Securities... Read more
Ping An Digital Bank Rebrands As Deposits Exceed HK$12 Billion
Ping An Digital Bank has introduced a new brand identity, aligning more closely with its parent, Ping An Insurance. The... Read more
Futus PantherTrade Launches Full-Scale Licensed Operations In Hong Kong
Futu has announced that its wholly-owned virtual asset trading platform, PantherTrade, has begun full-scale licensed op... Read more
Mastercard Enables AI Agent To Complete Live Ride-Booking Payment In South Korea
Mastercard has completed a live, authenticated agentic transaction in South Korea, marking a key development in AI-powe... Read more
