New renovation body will draw legitimate contractors back to market, sector says

Hong Kong’s new renovation monitoring body will encourage legitimate consultants and contractors previously plagued by intimidation from bid-rigging syndicates to return to the market, industry representatives have said, potentially lowering costs for homeowners in the long run. Renovation and construction sector players said on Monday that the new Building Maintenance Support and Services Council, headed by Financial Secretary Paul Chan Mo-po, would heighten scrutiny of the tendering process,...