The Anderson Road project scandal from CK Asset in Hong Kong: A timeline of the events

A CK Asset Residential Project in Hong Kong was in the spotlight after the anti-corruption agency had arrested 10 suspects and discovered subcontractors who were said to be offered in the below average incentives for the superiors in exchange for lax monitoring of steel reinforcement work.

The most recent bribery scandal is not the only swallowing for the project in KWun Tong, in which his contractor was changed in 2023 and his advance payment was rejected twice last year.

Post pursues the development and controversy of the project.

March 2020: Tender charge

The government was shown as the second “Starter Home” project by Hong Kong and invited committees for the location in the Anderson Road in KWun Tong to help first buyers who are not entitled to subsidy apartments.

Apart from the provision of private apartments, at least 1,000 apartments in the project must be sold to 80 percent of market prices to Hong Kong, which have never observed residential properties and have reached income and financial borders.

May 2020: Successful bidders unveiled

The subsidiary of the CK Asset subsidiary invested eight other competitors, including companies among the city's most important developers, and won the offer with a premium of 4.9 billion HK $ (USD $ 625.7 million).