Property News · September 27, 2016

Management fees for new residential blocks rising 5-10pc annually


Hongkongers are watching their living spaces shrink as home prices rise. But their property management costs are also soaring.
William Lai, head of property management at JLL which manages a portfolio of 4,000 residential, office and industrial projects, says management fees for residential block developments with smaller numbers of units, are rising especially fast.
A good example is One Prestige in North Point, which includes the 163 square feet (sq ft) unit considered the smallest ever flat…

Source : South China Morning Post
Read more…Management fees for new residential blocks rising 5-10pc annually

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