Property Management Services Authority Conducts Exchange with Representatives of the Royal Institution of Chartered Surveyors

The Property Management Services Authority (PMSA) met with the representatives of the Royal Institution of Chartered Surveyors (RICS) again today, including Chris Alder, Senior Executive Officer of Standards and Regulation, Belinda Howell, Executive Director of Regulation & Assurance Operations, Ian Jeal, Executive Director of Education & Qualifications Standards, Suki Gill, Head of Investigations & Enforcement (who are based in the United Kingdom) and Jiaxin Xing, Senior Regulation Officer, Ryan Cheng, Profession Support & Assurance Technical Specialist (Valuation), and Seabook Yam, Senior Public Affairs Officer (who are based in Greater China and Hong Kong), to introduce the work of the PMSA and the latest status of the implementation of the property management (PM) industry licensing regime in Hong Kong, and exchanged ideas on regulation, formulation of codes of conduct, and international trend of PM industry, as well as promotion of sustainable and continuous professional development.

Professor Eddie Hui, Vice-chairperson of the PMSA, said during the exchange, “As the statutory authority responsible for regulating and promoting the PM industry, the PMSA relies on the continuous support from professional bodies in the industry, including RICS, to ensure the smooth implementation of the licensing regime.  In the past few years, in addition to encouraging its members who are PM practitioners to apply for licences, the RICS has also actively participated in various activities of the PMSA to jointly promote continuous development of the industry.  The PMSA will continue to work with the RICS to enhance the professionalism of Hong Kong’s PM industry for the provision of quality PM services to the community.”

Representatives of the RICS expressed support for the continuous development of the PM industry and the promotion of self-optimization.  The RICS will strengthen its membership approval mechanism including the requirement for competency in respect of its members.  In addition, the RICS also indicated that it would strengthen cooperation with Hong Kong educational institutions to strengthen the acceptability of their recognized academic qualification.

Professor Hui added, “Since the implementation of the PM industry licensing regime, the PMSA has been actively strengthening ties and communication with different international PM professional bodies, highlighting the strengths of Hong Kong with the Mainland as hinterland and its own international outlook to link up the local industry with their counterparts in other parts of the world, thereby raising the professional status and standard of the PM industry of Hong Kong.  The further exchange with representatives of the RICS this time has further enhanced the PMSA’s understanding of the opportunities and challenges faced by the PM industry in different places, thereby promoting collaboration and integration and creating more room for development of the industry in future.  The PMSA looks forward to closer cooperation and exchange with the RICS in future.”

The RICS delegation visited Hong Kong in November last year after the PM industry licensing regime was fully implemented, initiating exchange and strengthening collaboration with the PMSA.

Under the licensing regime, there are currently around 800 licensed PM companies and nearly 15,000 licensed PM practitioners in the market, providing PM services to over 2.4 million units in different types of properties in Hong Kong. This major professional force not only provides quality and professional PM services to the public, but also dedicates itself to supporting the implementation of various Government policies to help resolve different social issues, actively contributing towards healthy and sustainable development in future. They are undoubtedly invaluable assets and resources of Hong Kong.

Ends/Wednesday, 4 December 2024
Issued at HKT 18:00​​​​
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