Property Management Services Authority Holds “Embracing the New Era for Property Management” Commemorative Ceremony
Industry Signs Electronic Pledge Together to Set World Record

(Hong Kong, 31 August 2023) The Property Management Services Authority (PMSA) held the “Embracing the New Era for Property Management” Commemorative Ceremony at the 3rd International Property Management and Procurement Expo (Expo) today, during which certificates of appreciation were presented to various stakeholders who have supported the implementation of the property management (PM) industry licensing regime. In addition, over 15,000 members of the PM industry and other stakeholders attending in person and online signed electronic pledge together within less than 24 hours (2:00pm, 30 August to 12:00 noon, 31 August) to support the PM industry in upholding the three core values of “Quality”, “Integrity” and “Advancement” when providing PM services, and the signing was successfully recognised by the World Record Association as record for “Most Number of People Signing Electronic Pledge to Support the Sustainable Development of the PM Profession”.

The three-year transitional period under the PM industry licensing regime ended on 31 July this year. The PMSA has issued as of today nearly 750 property management company (PMC) licences, and over 12,000 property management practitioners (PMPs) have been licensed, reflecting that the PM industry of Hong Kong has entered into a new era for PM whereby relevant PMCs and PMPs are all licensed and advancing towards enhanced quality and professionalism. To mark this historical occasion, the PMSA held the “Embracing the New Era for PM” Commemorative Ceremony 2023 which was officiated by Mr. Clarence LEUNG, Under Secretary for Home and Youth Affairs; Mr TE Chi Wang, Deputy Director of Home Affairs; and Dr James WONG, Chairperson of the PMSA.

Under Secretary LEUNG said in the opening address, “Good-quality PMCs and PM teams are important elements to enhance residents' sense of happiness and security. PMCs can assist owners to fulfil their responsibilities in building management, ensure building safety and sanitation, maintain property value, and most importantly, enable the public to live and work in harmony.” Chairperson WONG of the PMSA also emphasised, “Under the PM industry licensing regime, licensed PMCs and PMPs managing various types of properties and responsible for various aspects of PM work within the industry will uphold the three core values of “Quality”, “Integrity” and “Advancement”, driving the industry to advance towards enhanced quality and professionalism, and striving to enable the public to live and work in harmony.”

The smooth implementation of the PM industry licensing regime owes its success to the support of various stakeholders. Therefore, the PMSA presented at the ceremony certificates of appreciation to relevant Government departments, public bodies, PM industry recognised professional bodies, industry organisations, tertiary educational institutions and PMPs acting as spokespersons for advancing the PM industry as tokens of PMSA’s heartfelt gratitude.

The Commemorative Ceremony concluded with the “Quality  Integrity  Advancement” Electronic Pledge Signing Ceremony. Led by Mr TE Chi Wang, Deputy Director of Home Affairs; Dr James WONG, Chairperson of the PMSA and Prof Eddie HUI, Vice Chairperson of the PMSA, members of the PM industry and other stakeholders attending in person and online signed electronic pledge together to give their support for the PM industry to uphold the three core values. The number of participants signing the electronic pledge reached 15,368 and was recognised on site by the World Record Association as setting the record for “Most Number of  People Signing Electronic Pledge to Support the Sustainable Development of the PM Profession”.
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