World Valuation Congress XI - 9-11 May, 2006

Citation

Baxter, J. (2007), "World Valuation Congress XI - 9-11 May, 2006", Journal of Property Investment & Finance, Vol. 25 No. 5. https://doi.org/10.1108/jpif.2007.11225eaa.001

World Valuation Congress XI - 9-11 May, 2006

The 11th World Valuation Congress was held in Kuala Lumpur in May 2006, hosted by the Faculty of the Built Environment, University of Malaya and the Association of Valuers and Property Consultants in Private Practice in Malaysia. The event was well attended, with well over 100 delegates from 15 countries and many local participants. World Valuation Congress is a working congress, accessible to all and designed to be cutting-edge, thought-provoking and providing delegates with the opportunity to discuss property valuation matters from a multi-faceted, diverse and international perspective. This year’s theme “Expanding the horizon: re-engineering the profession through innovations” was taken up by the six plenary speakers, and 11 workshop presenters and a series of first-class presentations were heard by the delegates.

The key addresses were:

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  The evolving commercial reality and its link to the public sector (Professor Dato’Mani Usilappan, Malaysia).

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  Expanding the academic discipline of real estate valuation (Professor Kerry Vandell, USA).

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  What we do and can do for a living: expanding the role of the real estate profession (Sing-Cheong Liu, Mark Wang, Bo-sin Tang and Siu-wai Wong, China).

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  Road map for the development of valuation infrastructure in developing countries (Sopon Pornchokchai, Thailand).

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  Where is the world of property valuation for taxation purposes going? (David Tretton, UK).

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  How do valuers remain in control? (Talhar Abdul Rahman, Malaysia).

The workshop presentations were:

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  Valuation of unique assets – valuation of 270 square kilometre salt producing lake (Rajeev Shah, India).

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  Mass valuation: discrete versus banding – an option for transitional countries (Lay Cheng Lim, UK).

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  Digital mapping in relation to real estate consultancy (Ho Chin Soon, China).

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  The valuation practice in Papua New Guinea (Flora Kwapena, Papua New Guinea).

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  Re-engineering a valuation degree: how did we get here and where do we go? (James Baxter, Australia).

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  The way forward for plant and machinery valuation into the 21st century (Amish Suryakant Patel, India).

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  East Timor: a summary of land and valuation issues for a new and developing nation (John Leigh, Australia).

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  Valuing beyond the property line – the impacts of heritage buildings (Donovan Rypkema, USA).

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  Impact of Asian financial crisis on property joint ventures by non-profit companies (Ting Kien Hwa, Malaysia).

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  Innovative techniques for valuation of industrial assets (Rajeev Shah, India).

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  Computer assisted mass appraisal of real property in Guangzhou, China. (Sing-cheong Liu, Mark Wang, Bo-sin Tang and Siu-wai Wong, China).

Delegates spent time in discussion groups, working through issues canvassed within the plenary sessions and sharing the practicalities of the profession in their own countries. As always this proved to be a useful aspect of the Congress, with many issues debated, and participants learning a great deal about the global profession.

Congress again proved to be more than a professional meeting of valuation aficionados. Old friendships were renewed and new ones forged. All delegates left Kuala Lumpur with a feeling that they had been made most welcome by the hosts – represented so ably by Associate Professor Dr Md Nasir Daud, Professor Dato’Mani Usilappan and P. Tangga Peragam and their team of organisers.

The next World Valuation Congress is scheduled for 2008, with the venue to be advised on the Congress web site – www.worldvaluationcongress.org – shortly.

James BaxterAssociate Professor of Property, School of Property, Construction and Project Management, RMIT University, Melbourne, Australia