Conclusion


In the past, people tended to equate property management with the work of a caretaker or security guard. With the passage of time, this way of thinking has been significantly altered. Hong Kong has experienced enormous growth in both private real estate sector and public housing. High-rise buildings with hi-tech facilities in the business districts have also remodeled the landscape in Hong Kong. These developments have generated a corresponding demand for highly trained housing personnel and good quality services for managing the more sophisticated environment. It is under these circumstances that property management has gradually developed into a highly professional field of business.


The government’s policy on building management is another stimulus to the development of this profession. In recent years, the government has strengthened the monitoring and regulations over management of buildings. In view of the complexity, more property owners have to rely on property management agencies’ assistance in handling legal, financial and maintenance issues. Furthermore, the government’s progressive implementation of the scheme on greater involvement of the private sector in the estate management and maintenance also gives property management agencies much more opportunities for growth.


To compete in a fast changing business environment, both public institutions and private companies have realised the benefit of cost saving through effective utilisation of resources. Many organisations have outsourced the non-core activities of their business, including security, cleansing, building repair and maintenance, to professional management bodies.


Apart from providing high quality security guarding service, well-established property management agencies enhance their standard of building management through offering innovative services. With the integration of advanced technology, agencies are more able to widen their scope to meet different needs and create a comfortable and safe living environment. All these developments bring about increasing demand for quality personnel in the field.



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