Value of Professional Property Managers in Residential Project Development

Abstract

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. Environmental protection and energy conservation are becoming increasingly important in our daily lives, and thus are unavoidable agendas in the design and construction of buildings, be they domestic, commercial or industrial. The input of professional property managers based on their foresight and past work experience with end-users is crucial to the success of such schemes. This paper reviews the value of professional property managers in residential project development.