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RICS (Royal Institution of Chartered Surveyors)

APC Blended Course for Valuation / CRE [DEC 2019]

RICS Royal Institution of Chartered Surveyors

Saturday, December 7, 2019 at 9:30 AM - Saturday, June 20, 2020 at 5:00 PM (HKT)

APC Blended Course for Valuation / CRE [DEC 2019]

Share APC Blended Course for Valuation / CRE [DEC 2019]

Event Details

Duration: 6 months 
Venue: Room 3707, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong

Course fee: $24,000 (Member / APC trainees)      $30,000 (Non-member)

CPD hour: 200 hours
Format: Blended learning programme (Online Learning Academy & F2F sessions)  
Language: English (online modules) + Cantonese/ English (face-to-face sessions)         


Course summary


With valuation surveyors operating across a wide range of asset types within commercial, residential and rural property, RICS is aiming to provide a clear journey through valuation pathways and competencies with the awareness and understanding of becoming an RICS Registered Valuer.

The course has been designed to evolve technical skills and knowledge of professionals who work in the built environment, it provides detailed knowledge needed for valuation, focusing on the main valuation techniques, support the development of the core Valuation Pathway competencies (Inspection, Measurement of land and property, and Valuation).

This course will support professionals through the membership assessment process and activities, allowing them create and track their professional experience, receive feedback and support from RICS Assessors. This will simplify and allow candidates to ease through the process and prepare them as much as possible for the final assessment. These will steer the learners in the right direction to become a Chartered Surveyor in Valuation or any RICS Pathway that declaring the valuation as core competency. At the end of the course is an exam to check your understanding of the technical content and a mock interview with the speaker who is also our assessor.



Who is this course for?

This course is suitable for:

  • Valuation APC candidates who want to fast-track their progress.
  • Surveyors from other backgrounds who wish to become chartered as Valuation members.
  • Other professionals who want to either move to valuation from another role or gain an understanding of the key valuation methods theories and techniques.



Course content

Module 1: Introduction to the valuation course (online)

  • Meet the tutors and other delegates
  • Overview of the course content, materials and structure

1st Day Face-to-face (Sat, 7 Dec 2019)

  • Course overview – content, materials & structure
  • Introduction to APC – requirement, process, submissions & activities
  • Introduction to Summary of Experience – Professional competencies unpacking
  • Introduction to Case Studies – topic, structure & examples


Module 2: Context & information gathering for valuation (online)

  • List the main reasons why valuation is required
  • Identify health & safety best practice on inspection
  • List factors that might be noted on inspection that could affect value
  • Describe investigation process & international aspect of property measurement
  • List the core definition in the Code of Measuring Practice
  • State the main use for each basis of measurement

2nd Day Face-to-face (Fri, 11 Jan 2020)

  • Competency Assessment Workshop – Inspection & Measurement
  • Online Module consolidation


Module 3: Comparable method and the market (online)

  • Identify the main drivers of value and valuers’ role within the property market
  • Identify when comparable method is appropriate
  • State how to evidence comparable adjustments in matrix
  • Correctly adjust comparable to compare like with like

3rd Day Face-to-face (Sat, 1 Feb 2020)

  • Competency Assessment Workshop – Letting & Leasing and Purchase & Sale
  • Online Module consolidation


Module 4: Investment method and two techniques (online)

  • Identify when investment method and sub techniques are appropriate
  • Describe the traditional term and reversion approach step by step
  • Describe the discounted cash flow approach step by step
  • Construct a simple DCF model
  • Carry out a term and reversion valuation
  • Select the appropriate valuation formulate for various steps

4th Day Face-to-face (Sat, 29 Feb 2020)

  • Competency Assessment Workshop – Investment Management
  • Online Module consolidation


Module 5: Residual method traditional (online)

  • Describe when residual method is appropriate
  • Identify the main inputs in a residual valuation
  • Appreciate the risks and sensitivity of the valuation inputs
  • Carry out a residual valuation in a case study

5th Day Face-to-face (Friday, 20 Mar 2020)

  • Competency Assessment Workshop – Property Finance & Funding
  • Online Module consolidation


Module 6: DRC and profits methods overview (online)

  • Identify when each method should be used
  • Describe the basic steps in each method
  • List the drawbacks of DRC and profits
  • Carry out a simple valuation for both profits and DRC 

6th Day Face-to-face (Sat, 2 May 2020)

  • Competency Assessment Workshop – Development Appraisals
  • Online Module consolidation

 

Module 7: Valuation Standards and the client (online)

  • State the purpose of International Valuation Standards & RICS Valuation Professional Standards
  • List the mandatory contents
  • Identify when the Standards must be used and the RICS document hierarchy
  • Describe the use of the Valuation Standards from the clients’ perspective

7th Day Face-to-face (Sat, 23 May 2020)

  • Competency Assessment Workshop – Valuation
  • Online Module consolidation

 

Module 8: Course revision and consolidation (online)

  • Course summary and review
  • Case study feedback

8th Day Face-to-face (20 Jun 2020)

  • Submission review
  • Mandatory competencies
  • Final interview practice




Course structure

This course will be delivered as a blended learning course which includes online modules plus face to face consolidation and membership workshops. Each online module will take approximately 3-4 weeks to complete. The half day face to face consolidation session will review the online module content, answer questions and provide further context and practical application, added to this are the half day face to face membership workshops, which focus on all key activities of the membership assessment process. 

Each content module is composed of the following, to support and enhance the learners’ needs in gaining knowledge throughout the course programme.

  • E-learning sessions
  • Reading material
  • Face to Face Sessions
  • Case studies 
  • Online forum
  • End of module quizzes
  • Assessor feedback

E-learning sessions
The online technical e-learning sessions provide you with a detailed overview of the principles and methodologies covered within each module. These are created by highly experienced trainers to give the core competencies of Valuation practice.


Reading Material
Further your study and understanding of the methodologies with the directed reading material. Sourced from textbooks and articles, these readings support your development throughout the course programme.


Face to Face Sessions
The face to face sessions consolidate your learning from the modules. Here you will have a chance to meet the course tutor and to ask any questions directly.


Case Studies
Technical case studies provide you with examples of practice, within these case studies you will be able to practice the theory taught within the module. Your responses will be shared within the online forums.


Online forum
Each module has a dedicated forum to provide you with constant access to your tutor and a shared learning area with fellow delegates. Creating a dedicated learning environment you will be able to partake in topic discussion and share you learning with lots of other people from all over the world.


End of module quizzes
At the end of each module is a short quiz, to check your understanding of the content and to help track your progress.


Summaries of experience for assessor feedback
A RICS Assessor will review your summary of experience for each competency and give personalized feedback strengths and weaknesses.



About the speaker:

Mr Thomas Lam FRICS
Lead Trainer

Executive Director, Head of Valuation and Consultancy, Knight Frank Petty Limited

Thomas is the Senior Director, Head of Valuation & Consultancy at Knight Frank, with responsibilities of overseeing the General Valuation and Mortgage Valuation Departments for Hong Kong and Macau.

Prior to this role, he was the head of the company’s Research & Consultancy Department for Greater China (2011-2014). Thomas is a Fellow of The Royal Institution of Chartered Surveyors, a Professional Member of The Hong Kong Institute of Surveyors, a Member of China Institute of Real Estate Appraisers, a Registered Professional Surveyor (General Practice Division), a Registered Business Valuer of the HK Business Valuation Forum and an Ordinary Member of Hong Kong Securities Institute.

He has extensive experience in the real estate industry, with expertise in market research, corporate advisory, valuation, real estate finance, investment advisory and business development for Asia Pacific markets (ex-Japan). Thomas is regularly featured in the media for his views on regional and global property markets.


Mr. Kent Yeung FRICS
RICS Assessor

MHKIS, RPS(GP), MHIREA, MFin, BSc(Surv)

Kent has been focusing on land acquisition, development, property investment, land matter, and valuation in Hong Kong over the years. He is currently the Research & Investment Manager in CSI Properties. 

He is the Registered Professional Surveyor (General Practice) with professional membership in The Royal Institution of Chartered Surveyors (RICS), The Hong Kong Institute of Surveyors (HKIS), and The Hong Kong Institute of Real Estate Administrators (HIREA). In recent years, Kent has been the APC assessor for RICS in the pathway of Valuation, Commercial property practice, Research, and Property finance & investment.  




Enquiries

Mr Peter Au,  tel: 852 2116 9719 / email: pau@rics.org


Have questions about APC Blended Course for Valuation / CRE [DEC 2019]? Contact RICS Royal Institution of Chartered Surveyors

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When & Where


RICS Hong Kong Office
Room 3707-09, Hopewell Centre
183 Queen's Road East
Wanchai, Hong Kong
Hong Kong SAR China

Saturday, December 7, 2019 at 9:30 AM - Saturday, June 20, 2020 at 5:00 PM (HKT)


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Organizer

RICS Royal Institution of Chartered Surveyors

RICS promotes and enforces the highest professional qualifications and standards in the development and management of land, real estate, construction and infrastructure. Our name promises the consistent delivery of standards – bringing confidence to the markets we serve.

 

We accredit 125,000 professionals and any individual or firm registered with RICS is subject to our quality assurance. Their expertise covers property, asset valuation, real estate management; the development of infrastructure; and the management of natural resources, such as mining, farms and woodland. From environmental assessments and building controls to negotiating land rights in an emerging economy; if our members are involved the same professional standards and ethics apply.

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