Employment Guarantee｜Property Management Association: There are large-scale property management to give back to the owner, including management fee reduction

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Written by: Zheng Cuibi

2020-08-20 10:13

When the government launched the second phase of the employment guarantee plan, large property management companies were required to return at least 80% of the subsidy amount to the owners or the owners’ corporation after receiving the second phase of subsidies.

Chen Zhiqiu, president of the Hong Kong Association of Property Management Companies, stated on a radio program today (20th) that the contract between large property management companies and owners is actually a reimbursement system, and employees’ salaries are actually paid by the owners. After applying for the first phase of the employment guarantee plan, the company has given back to the owners and even the full subsidy, more than 80%.

Chen Zhiqiu (third from the left) pointed out that after applying for the first phase of the Employment Guarantee Program, many large companies have given back to their owners and even gave back all subsidies, more than 80%. (Profile picture)

Chen Zhiqiu said in the commercial program "Starting on a Sunny Day" that some large property management companies have given back to the owners after applying for the first phase of the employment guarantee plan, and even gave back the full subsidy, more than 80%. The feedback methods include reduced management fees and subsidies. Maintenance fees, transfer to management fees and trading funds, etc.; he thinks that 80% of the return rate is reasonable.

If you do not apply and plan or are challenged by the industry

When asked why the property management company still applies for the employment guarantee plan since the employee's salary is paid by the owner, Chen Zhiqiu explained that some property management company employees are not doing management work on the front line, and if they do not apply, or the owner questioned why they did not apply; The contract between small and medium-sized property management companies and their owners is not actual reimbursement, but a "package number" system. The property management company did not expect to respond to the epidemic when bidding, and would need to invest a lot of resources for disinfection and other tasks. The current expenditure is increasing. They are very helpful.

A confirmed case lives in Pak Fook Garden, and the property management assigns staff to disinfect the building. (Photo by Li Zetong)

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