Managing Property in Hong Kong

The economic gateway to China - Hong Kong is one- Cleaning services
of the most popular destinations in the world, with a- Environmental and landscape services
lively property market. With the increased awareness- Hygiene and safety management
of property enhancement, improvement in marketApart from these, there are service providers
laws, and innovative requirements of people,offering excellent services for office and industrial
property management now finds a prominent positionsectors. Above all, some kind of service providers
in the Hong Kong property market.renders simple tenancy management services, aside
Managing property in Hong Kong is a burgeoningfrom management of property.
industry, and is considered a core segment of facilityThe services in this category usually cover providing
management services. In other words, managinginfo on housing policies and procedures to required
property is one of the prominent service industries inpeople, dealing with standard forms and notification
the city. Management of property in Hong Kong isletters, assisting people in filling tenancy related forms
simply the managing of property as well as providingand applications, and arranging meeting for tenancy
services in connection with the propertyrelated purposes. Let it be any type of property
management, to owners, tenants, and other requiredmanagement, the services also include quality
people.maintenance of plumbing system, thereby ensuring
The prime goal of managing property is to maintainthe people of Hong Kong with a stable as well as
the value of a property by creating and preserving areliable water supply system.
comfortable as well as well-ordered living, working,Managing property offers a host of benefits. One of
and shopping. Managing property is sometimesthe prime benefits is that it ensures meticulous care
confused with tenancy management, which isand maintenance of your residential as well as
primarily the enforcement of the Housing Ordinance,commercial places. Professional as well as personal
tenancy agreements, and implementation of housingassistance and useful advice on property
rules and regulations.maintenance are the other benefits of managing
A large number of firms in Hong Kong, ranging fromproperty in Hong Kong.
small business units and governmental departmentsOne of the most significant executants of property
to large business corporations, are now benefitedmanagement in the city is Hong Kong Housing
from managing property. Property management isAuthority (HA) - a statutory body responsible for the
categorized into: management of residential propertyimplementation of majority of public housing
and management of commercial property. Managingprograms in Hong Kong, which include rental housing
residential property in Hong Kong includes managingsystem, housing for elderly people, and subsidized
residential spaces, from small houses to premium ashome ownership.
well as luxury residential units.As one of the major housing developers in the
Services offered in connection with managingproperty market, Hong Kong Housing Authority has
residential property include:introduced an innovative system ensuring excellence
- Concierge servicesin the sector of public housing property management
- Renovation and repair servicessystem. Recently, HA undertook a special
- Provision of managementmanagement system, exclusively for managing
- Maintenance Servicesproperty and tenancy system in Hong Kong, known
In commercial management of property, the servicesas Public Rental Housing (PRH.) Under this system, HA
are mostly offered for large commercial areas, withcontracts some of its property management services
more than seven million sq ft. Among the servicesto property services companies, which in turn
offered in connection with this type of managing ofdischarge a range of duties in connection with
property is:property management, like cleaning and maintenance
- Maintenance of common areas and facilitiesservices, repair services, and rent collection.
- Installation of drainage systemApart from HA, executants of managing of property
- Operation as well as coordination of plant andin Hong Kong also consist of a variety of private
equipmentsproperty management firms, foreign-based service
- Operation and maintenance of electrical andproviders, and participatory management
mechanical systemsorganizations. HA has now organized an award for
- Services with regard to the maintenance of fireprivate firms that excel in services in connection with
systemmanagement of property, namely, Best Property
- Plumbing servicesManagement Award. A specialty of service providers
- Repair servicein Hong Kong is that majority of them have excellent
- Routine maintenanceknowledge and expertise on the mainland market.
In some instances, services in connection withThis in turn assures quality as well as reliable services
management of commercial property are inclusive ofto the people of Hong Kong.
- Provision of effective security system