... transaction costs, ensure efficient allocation and use of land in the leasehold system, and maintain building safety. The OC is formed by all members of the building. Pursuant to Section 18(1) of the Building Management Ordinance (BMO), the OC has duties and power to manage and maintain the common parts...

...KH Chan Purpose Property defects and building safety have been major concerns for many years in Hong Kong. The local government intends to launch a Mandatory Building Inspection Scheme (MBIS) for owners of aged buildings; and instigate necessary defect rectification to enhance building and public...