On the Property Management Services Ordinance of Hong Kong: concerns and implications

Yat Lung Philip Wong, Joseph Lai

Research output: Journal article publicationJournal articleAcademic researchpeer-review

Abstract

Purpose: This paper aims to examine the concerns and implications of the recently enacted Property Management Services Ordinance (Cap. 626) (PMSO) of Hong Kong. Design/methodology/approach: A review was undertaken to identify the characteristics of the property management-related legislation of common law jurisdictions similar to Hong Kong, which include Australia, Canada and the United Kingdom. Then, the development of the property management-related ordinances in Hong Kong and the key features of the PMSO were examined. Finally, a case study was conducted to demonstrate the potential problems of the PMSO. Findings: There are various kinds of legislative controls on property management services in the above common law jurisdictions. The PMSO, which is the first to regulate property management services providers through a licencing system and introduce control on training and professional development, imposes limits on freedom of contract and self-regulation of professionals. Potential problems with the implementation of the PMSO are also revealed. Research limitations/implications: This research analyses four common law jurisdictions. Property management services contracts in these jurisdictions are subject to governance by their case laws and market operations. Practical implications: By virtue of the new licencing system of the PMSO, property management services contracts in Hong Kong become a new kind of specific contracts. Originality/value: This paper illustrates the relationship between freedom of contract and public benefit. It contributes knowledge to the area of government policy formulation in property management.

Original languageEnglish
JournalProperty Management
DOIs
Publication statusPublished - 8 Jun 2021

Keywords

  • Buildings
  • Contract
  • Government policy
  • Laws
  • Property management

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)
  • Finance

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