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05:19
Tai Po deadly blaze exposes bid-rigging in Hong Kong building renovation market
Rising costs and aging properties led to bid-rigging and collusion in city’s building renovation industry.
Read more: https://sc.mp/7f9fab
The deadliest fire in Hong Kong in seven decades has brought to light a dark and greedy side of the building renovation industry. The sector has seen notorious acts of bid-rigging and collusive conduct, with constructors cutting corners to gain profits. The government has launched an investigation into the cause of the blaze that took the lives of at least 159 people.
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