Cost Effectiveness of Property Management of Public Rental Housing in Hong Kong

Cost Effectiveness of Property Management of Public Rental Housing in Hong Kong PDF Author: Wing-Sum Lee
Publisher: Open Dissertation Press
ISBN: 9781361364741
Category :
Languages : en
Pages :

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Book Description
This dissertation, "Cost Effectiveness of Property Management of Public Rental Housing in Hong Kong" by Wing-sum, Lee, 李詠深, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: As at March of 2014, there are over 168 public housing estates and 766,300 public rental housing flats under the Hong Kong Housing Authority portfolio, it accommodating a total of more than two million people. The estate management and maintenance services are important for government to maintain social cohesion. Housing Department started to outsource property management of public rental housing to property services agents on 1 October 2000 by tender out. After 13 years run for the program, there are about 100 estates (60%) of public rental housing managed by property services agents. Recently, there is criticized that Housing Department outsource too many estates, it should be in-source the management back to itself. It is a chance to review the cost effectiveness and efficiency of outsourcing. This paper is trying to analyze and evaluate the outsourcing of property management of public rental housing in Hong Kong. A comparison on the services performance of public rental housing estates' tenants by the property services agents and Housing Department. Also secondary data will be used to evaluate the cost effectiveness by outsource the estate management and maintenance services. The objective is achieved by using tenant's survey. Result from this analysis show that the performance of property services agent provide a better services than Housing Department. It is no doubt that the performance of them is satisfactory and they are more cost effective. However, it does not imply that their services are far better than Housing Department, especially in repair and maintenance aspects. Recommendations are then made to help to review the problems of outsourcing and how to solve it. It is hope the finding can give the direction to Housing Department to use which management mode in new developed estate. DOI: 10.5353/th_b5334683 Subjects: Public housing - China - Hong Kong - Management

Cost Effectiveness of Property Management of Public Rental Housing in Hong Kong

Cost Effectiveness of Property Management of Public Rental Housing in Hong Kong PDF Author: Wing-Sum Lee
Publisher: Open Dissertation Press
ISBN: 9781361364741
Category :
Languages : en
Pages :

Get Book Here

Book Description
This dissertation, "Cost Effectiveness of Property Management of Public Rental Housing in Hong Kong" by Wing-sum, Lee, 李詠深, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: As at March of 2014, there are over 168 public housing estates and 766,300 public rental housing flats under the Hong Kong Housing Authority portfolio, it accommodating a total of more than two million people. The estate management and maintenance services are important for government to maintain social cohesion. Housing Department started to outsource property management of public rental housing to property services agents on 1 October 2000 by tender out. After 13 years run for the program, there are about 100 estates (60%) of public rental housing managed by property services agents. Recently, there is criticized that Housing Department outsource too many estates, it should be in-source the management back to itself. It is a chance to review the cost effectiveness and efficiency of outsourcing. This paper is trying to analyze and evaluate the outsourcing of property management of public rental housing in Hong Kong. A comparison on the services performance of public rental housing estates' tenants by the property services agents and Housing Department. Also secondary data will be used to evaluate the cost effectiveness by outsource the estate management and maintenance services. The objective is achieved by using tenant's survey. Result from this analysis show that the performance of property services agent provide a better services than Housing Department. It is no doubt that the performance of them is satisfactory and they are more cost effective. However, it does not imply that their services are far better than Housing Department, especially in repair and maintenance aspects. Recommendations are then made to help to review the problems of outsourcing and how to solve it. It is hope the finding can give the direction to Housing Department to use which management mode in new developed estate. DOI: 10.5353/th_b5334683 Subjects: Public housing - China - Hong Kong - Management

Cost Effectiveness of Property Management of Public Rental Housing in Hong Kong

Cost Effectiveness of Property Management of Public Rental Housing in Hong Kong PDF Author: 李詠深
Publisher:
ISBN:
Category : Public housing
Languages : en
Pages : 112

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Book Description


A Guide to Effective Property Management in Hong Kong

A Guide to Effective Property Management in Hong Kong PDF Author: Francis K. Loo
Publisher: Hong Kong University Press
ISBN: 9622092853
Category : Business & Economics
Languages : en
Pages : 201

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Book Description
A Guide to Effective Property Management in Hong Kong brings together the practical experience and insights of a chartered surveyor who has had more than thirty years of experience in property management and real estate in Hong Kong and Canada. Property managers, property owners, administrators and students of the subject will find here a wealth of information and practical detail which provides the foundation for efficient and effective property management. The author also places particular emphasis on learning and improving interpersonal and communication skills.

To Study the Property Management Performance in Public Rental Housing (PRH) Between the Housing Authority (HA) and Private Service Agents (PSAs)

To Study the Property Management Performance in Public Rental Housing (PRH) Between the Housing Authority (HA) and Private Service Agents (PSAs) PDF Author: 呂新倫
Publisher:
ISBN:
Category : Public housing
Languages : en
Pages : 120

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Book Description


A Review on Outsourcing of Property Management Services of Public Rental Housing Estates in Hong Kong

A Review on Outsourcing of Property Management Services of Public Rental Housing Estates in Hong Kong PDF Author: 褚樂易
Publisher:
ISBN:
Category : Contracting out
Languages : en
Pages : 106

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Book Description


Professional Housing Management Practices in Hong Kong

Professional Housing Management Practices in Hong Kong PDF Author: Rebecca Lai-Har Chiu
Publisher: Hong Kong University Press
ISBN: 9789622098039
Category : Business & Economics
Languages : en
Pages : 324

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Book Description
Professional housing management is of growing importance in Hong Kong and the "Hong Kong management model" is adopted in many neighbouring high-density cities. However, there has been by far no literature on the subject of housing management practices in Hong Kong. This book is therefore crucial in understanding how housing management makes significant contributions to the safety, viability, liveability and vibrancy of our high-density and high-rise environment. Since the late 1980s, housing education in this city has developed by leaps and bounds. A recent study found that over 3,000 junior practitioners would be seeking professional training or further study for career advancement. This book is an indispensable aid to self-study or taught courses.

The Future of Property Management

The Future of Property Management PDF Author: 鄭珮怡
Publisher:
ISBN:
Category : Public housing
Languages : en
Pages : 91

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Book Description


Tenant Participation in Hong Kong Public Rental Housing Management

Tenant Participation in Hong Kong Public Rental Housing Management PDF Author: Kar-Ming Cherry Lau
Publisher:
ISBN: 9781361099391
Category :
Languages : en
Pages :

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Book Description


Determinants of Property Prices in Hong Kong SAR

Determinants of Property Prices in Hong Kong SAR PDF Author: Mr.R. Sean Craig
Publisher: International Monetary Fund
ISBN: 1463925948
Category : Business & Economics
Languages : en
Pages : 15

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Book Description
This paper uses an econometric model of residential property prices in Hong Kong SAR to assess the effectiveness of alternative policies in slowing the increase in property prices. The rapid rise in property prices is well explained by macroconomic fundamentals; real GDP per capital, real domestic credit, construction costs, land supply, and the real interest rate. Policy can influence the property market though land supply and prudential and tax policy, with the latter policies taking the form of a stamp duty on property transactions and a tighter loan-to-value ratio (LTV) on lending. Land supply is the most effective policy insturment for restraining property price increases but it operates with a significant lag. The LTV and stamp duty dampen speculative activity that drives up property prices. While these policies can slow the increase in the short run, they should be guided by their long run objectives of financial stability and counteracting speculation.

On Privatizing Public Housing

On Privatizing Public Housing PDF Author: Yue-Chim Richard Wong
Publisher: Hong Kong Economic Policy Stud
ISBN:
Category : Business & Economics
Languages : en
Pages : 186

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Book Description
More than half of the people of Hong Kong live in heavily subsidized public housing and many are still waiting to be accommodated. This study shows that, unfortunately, the public housing programme has failed to meet basic objectives of efficiency and equity. Considering political consequences, economic benefits, equity effects, social impact and moral dimensions, the author ponders over the issues of privatization.