Property Management Services Authority Annual Report 2024-25
Presented to Legislative Council
Continuous Advancement and Healthy Development in
Property Management Industry
The Property Management Services Authority (PMSA) announced today that the PMSA Annual Report 2024-25 (Annual Report) has been published in accordance with the requirement stipulated in the Property Management Services Ordinance (Cap. 626). The Annual Report, which has summarised key accomplishments of the PMSA from 1 April 2024 to 31 March 2025 and outlined future development plans, was presented to the Legislative Council today.
With the smooth ending of the three-year transitional period for the Property Management (PM) licensing regime on July 31, 2023, Hong Kong’s PM industry has formally entered a new era whereby PM companies and relevant PM practitioners are all licensed. This marks a steady step forward towards enhanced professionalism and quality for the industry. Dr James WONG, Chairperson of the PMSA, said, “Since its establishment, the PMSA has adopted the three-pronged approach of “Regulating by licensing”, “Setting professional standard” and “Promoting Continuous Professional Development”. It is committed to uniting all stakeholders to uphold the core value of “Quality”, “Integrity” and “Advancement”, and delivering professional and high-quality PM services to the public.”
Dr WONG added, “In 2024-25, the PMSA continuously worked to enhance the industry’s professional service standard, actively encouraged the industry to align with Government policies, collaborated in fields including building safety, fire safety enhancement, environmental protection and waste reduction, integrity in service delivery, anti-fraud campaign, and counter-terrorism efforts. These efforts fully demonstrate the critical role of this professional workforce in promoting sustainable development across various aspects of the community. Furthermore, the PMSA continued to promote deeper collaboration and exchanges between the local industry and PM authorities as well as industries in various mainland provinces/cities, explaining market opportunities and promoting regional coordinated development. At the same time, the PMSA actively engaged with international PM professional organisations, leveraging Hong Kong’s unique position as a gateway to both the Chinese Mainland and the world, in order to align local industry standard with international benchmark, further enhancing the professional standard and status of Hong Kong’s PM industry.”
Dr WONG concluded, “ Looking ahead, the PMSA will continue to uphold the principle of “balancing regulation and development”, working with all stakeholders to enhance the professional service standard of the PM industry through refining the licensing regime, optimising professional standard, and promoting continuous professional development. Together, we aim to create a better living and working environment for the public, contributing positively to Hong Kong’s future sustainable development.”
Since the implementation of the PM licensing regime, PMSA has issued over 800 PM company licences and over 21,000 PM practitioner licences. After discounting those who hold both provisional and formal practitioner licences as well as individuals holding more than one class of licence, there are approximately 15,000 licensed PM practitioners at present.
To further enhance the industry’s professional service level, the PMSA has already issued a total of 24 Codes and Guides covering various PM areas to provide guidance to the industry, and will review and update the issued Codes and Guides from time to time to stay in line with the latest development.
Following the ending of the transitional period of the licensing regime, the PMSA began implementing the mandatory CPD Scheme in phases for licensed PM practitioners of different tiers. In 2024, over 1,150 licensed PM practitioners (Tier 1) were required to participate in the mandatory CPD Scheme, with over 90% already meeting the CPD hour requirement. In 2025, the CPD Scheme expanded to cover over 7,600 licensed PM practitioners, including both Tier 1 and Tier 2 licence holders. The PMSA also collaborated with various Government departments and public organisations in the year of 2024-25, organising 24 physical and online seminars and attracting cumulative participation of 42,000 attendees. These seminars provided rich and diverse training content, effectively equipping practitioners with the latest professional knowledge and skills to meet with new challenges in the industry’s future development.
The Annual Report has been uploaded onto the PMSA website. Members of the public may click the link below for details: https://www.pmsa.org.hk/en/about-us/about-pmsa/annual-reports
Ends/Wednesday, 22 Oct, 2025
Issued at HKT 17:30
NNNN
