Colliers and Hong Kong Architects Advocate for Early Initiation of Public Projects
Monday, 12 August 2024, 08:49
Colliers: A Call to Action for Public Projects
Benny Chan Chak-bun, chief of the Hong Kong Institute of Architects, has fervently pushed for the early launch of key public projects. Noticing a trend of repeated failed tenders, many architecture firms have reluctantly begun laying off employees and placing staff on unpaid leave.
Consequences for Staff and the Sector
- Layoffs are affecting the morale of construction workers.
- Many developers are hesitating to invest in future projects.
- Schools and other public infrastructure projects remain stalled.
With strong advocacy from analysts and industry leaders alike, the timely initiation of these projects is viewed as essential for economic recovery.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.