Press Releases 2003

Under NWS Holdings Quality Leadership
Urban Group awarded "2003 Best Property Management Agent"
Date: 05/12/2003

Urban Group, a subsidiary of NWS Holdings Limited (HKEx No. 0659), was recently awarded "Best Property Management Agent" by the Hong Kong Housing Authority (HKHA) to confirm its leading position as Hong Kong's Premier Property Asset and Facility Management Group and the Quality Market Leader of the 21st Century.

Organized by HKHA, the "Best Property Management Agent" selection is the annual evaluation exercise conducted by the Authority to assess the performance of its property management service suppliers in managing public housing estates.

According to Mr C M Leung, J.P., Permanent Secretary for Housing, Planning and Lands (Housing), the screening of the "Best Property Management Agent" had taken into account of scores given by the Housing Authority staff, comments from the Estate Management Advisory Committee (EMAC) or the Owners' Incorporations, and a survey on a sampling of residents. The awardees all showed a very high standard of performance in their services offered to the residents.

Dr Edmond Cheng, Managing Director of Urban Group mentioned, "We launched the 'Urban Premier Management Model™' in September 2002, emphasizing 'People, Process and Performance'. We advocate the concept of managing the property as an asset and aim at Six-star Standard as our management goal to exceed the expectation of our customers."

Dr Edmond Cheng said, "Within the 320 projects under our management, we have a large portfolio of government properties and facilities including public rental housing estates and facilities. As Hong Kong's Largest and Premier Property Asset and Facility Management Group, we pledge to provide professional management services and a pleasant living environment for our customers."

"This is the fourth time of our being awarded as 'Best Property Management Agent' after 1998, 2000 and 2001, which is a good prove of the recognition placed on us by all sectors in the society." Said Dr Cheng.

The two Best Managed Public Housing Estates which marked the attainment of Urban as "Best Property Management Agent" were respectively Sheung Lok Estate in Homantin and Tin Tsz Estate in Tin Shui Wai.

Dr Cheng expressed, "Year 2003 is a year of reaping for Urban Group. We have received numerous awards within this year, including:

These recognitions reflect our outstanding achievements in the Hong Kong property asset and facility management market and consolidate our leading position in the industry."

Dr Cheng continued, "Although we have performed outstandingly in this year, which assured our mission in implementing Total Quality Management, we will continuously improve our service quality to further enhance our leading position in the industry. Our goal is to become the No. 1 Property Asset and Facility Management Group in Asia."

Urban Group is the Largest Property Asset and Facility Management Group in Hong Kong. Currently, the Group manages 320 projects and facilities over the territory, comprising 180,000 residential units and serving over 1,000,000 people in Hong Kong, representing that every 1 in 7 people living in Hong Kong is now being served by the Group.

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