Skip to main content


Kai Tak site accident being probed

The Government expressed that it is highly concerned about an accident involving the collapse of a bamboo scaffold at a Kai Tak construction site today in which two workers were killed and three others injured.   A preliminarily investigation by the Buildings Department (BD) found that the scaffold, measuring about 15m by 8m, fell to the ground from the external wall on the 19th floor of a building under construction.   The BD said it will conduct a comprehensive investigation into the cause of the incident, including whether the scaffold, as temporary works, complied with the Buildings Ordinance and whether the registered contractor and any related persons have properly discharged their responsibilities.   It added that if anyone is found in contravention of the ordinance, it will take follow-up actions, including instigating prosecution and referring to the Contractors Disciplinary Board for disciplinary proceedings.   The Labour Department (LD) also launched an immed

Mortgage loans down 1.7%

The value of residential mortgage loans approved in November was $24.5 billion, a 1.7% decline compared with October, the Monetary Authority announced today.


Mortgage loans financing primary market transactions rose 10.1% to $6.2 billion, while those financing secondary market transactions increased 17.1% to $9.4 billion.


Loans for refinancing decreased 20.8% to $9 billion.


Mortgage loans drawn down during the month dipped 20.1% to $16.2 billion.


The number of mortgage applications in November stood at 6,000, representing a month-on-month increase of 12%.


The outstanding value of mortgage loans dropped 0.04% to stand at $1.8575 trillion at the end of November.

Popular Posts