Message from PFMD Chairman (January 2012)

Kung Hei Fat Choy! I wish you and your family a healthy and prosperous year of the Dragon. There is not much activity over the Christmas and Lunar New Year holidays. As mentioned in my Chairman Message last month regarding the forming of a task force to follow up the legislation of Licensing the Property Management Companies and Practitioners, it was decided in our Council Meeting on 10 January 2012 and they are Kenneth Chan, Gary Yeung, Dick Kwok, Edmond Cheng, James Chan, Eric Chan and Ben Chong. I am also pleased to report that Gary Yeung, Edmond Cheng and Eric Chan were appointed by the Home Affairs Department to join the committee for the preparation of the aforementioned legislation. I shall report update progress in due course.

 
Another task force was also formed to establish closer relationship and co-operation with our China counterparts in Beijing, Shanghai and Guangdong under CEPA arrangement. Members include Kenneth Chan, TT Cheung, Gary Yeung, Eddie Hui and Dick Kwok. We are planning several visits this year to Beijing and Shanghai.
 
Thanks to Professor Eddie Hui. He will lead a team of researchers to prepare a study on “The Impact of Property Management Quality on Real Estate Co-Related with Property Price” and the full report is expected to be published in a year’s time. It will be the first attempt to reveal the relationship between the Property  Management Services and the Property Value.
 
On 16 January 2012, Charles Hung had joined the Media Luncheon organized by HKIS. He had made a brief presentation to introduce our division to news reporters on floor and also addressed our views on the coming legislation of Licensing the Property Management Companies and Practitioners. This is a great opportunity for us to exchange our professional views and expressed our stance to the public on various property management related issues.
 
With the new legislation of the Lift and Escalators Ordinance and the introduction of the workers registration system, a new Code of Practice (COP) is now being prepared and Gary Yeung had joined the EMSD task force whose will be responsible for the vetting of this new COP. Our focus will be on the liability of Property Manager in discharge of his duties in accordance with the new COP. Will keep you posted of any update in due course.
 
Members are reminded that the deadline for submission of Green Building Award 2012 – Towards Zero Carbon is 17 February 2012. Please visit the official website: www.gba.hk/main.html for details.