Property Management
Hong Kong property management leaders say companies face up to a 25% security staff shortfall, defending a major housing estate's hiring of a third of its guards from mainland China. Richland Gardens owners' corporation announced the recruitment of 31 guards via a government labour scheme, drawing criticism from a labour lawmaker and social media users.
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A Hong Kong property manager has been sentenced to 18 years in prison for stealing HK$61.1 million (US$7.8 million) from a housing estate over a decade by adding a zero to reimbursement cheques. Wong Wai-lung, 53, admitted to the elaborate fraud and gambled away all the money. The High Court described it as the largest single theft from a Hong Kong residential complex's owners’ corporation to date.