Value of Professional Property Managers in Residential Project Development

Yuen C. B. () and Li Teresa ()
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Yuen C. B.: Yuen and Associates, Hong Kong
Li Teresa: Department of Marketing and Management, Hong Kong Nang Yan College of Higher Education, Hong Kong

Nang Yan Business Journal, 2016, vol. 4, issue 1, 56-67

Abstract: Property management has often been described as an after-sale service because the participation of professional property managers is only required upon completion of the building. Recently, however, property management has become an integral part of project development based on its value. These days, managing recreational facilities such as residents’ clubs, gyms and swimming pools, given the frequent use of electronic installations, no longer falls under basic caretaking services. The early detection of hidden problems such as poor quality concealed cables, conduits and pipes and the improper selection of building materials saves time and money in subsequent maintenance and repair work, simultaneously reducing any inconvenience experienced by end-users due to a breakdown in services or defective rectification.

Keywords: Property management; residential project development; residential property (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:nybujo:v:4:y:2016:i:1:p:56-67:n:5

DOI: 10.1515/nybj-2016-0005

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