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RICS (Royal Institution of Chartered Surveyors)

Fundamentals of Valuation (Commercial) Jan 2018

RICS Royal Institution of Chartered Surveyors

Saturday, January 6, 2018 from 9:30 AM to 5:30 PM (HKT)

Fundamentals of Valuation (Commercial) Jan 2018

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Event Details

Date: Saturday 06 Jan 2018
Time: 09:30 to 17:30 (Registration starts at 09:15)
Venue: Room 3707, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong
Fee: $3,000 (RICS member); $3,500 (non-member)
Early bird discount (delegates registered before 24 Dec 2017 are entitled to this discount):
HK$2,000
CPD hour: 6 hours
Language: English
Capacity: 36 (first-come, first-served)


Trainer

Mr Johnny Siu FRICS, FHKIS MBA(HKU)


Event overview

This course is suitable for anyone who would like to develop and improve their commercial residential property valuation skills. If you are working towards your Assessment Professional Competence (APC), then this course will provide you with valuable knowledge and skills to assist you in developing your competency in this area.


This course will develop your knowledge and understanding of the property valuation techniques that are fundamental to providing appropriate valuation advice. Attendees will consider basic valuation techniques and principles including: current rental and capital valuation methods; an overview of the Red Book and other valuation standards; and the key principles of valuing in an uncertain market. A course workbook and lunch and refreshments will be provided.


By the end of the course, attendees will be able to:


• Understand common approaches to commercial valuation and key investment appraisal principles
• Understand how to apply the appropriate valuation methodology in different contexts and approaches
to analysing risk
• Interpret client’s requirements, valuation standards and the professional requirements of valuers
• Understand the key market factors which influence value



Event Content

Context and background to valuation practice
• The role of valuation
• Purposes of valuation
• Role of the valuer
• The principles of market valuation
• Value, price and worth
• Investment concepts


An introduction to rental valuation methods and the five capital valuation methods
• Exercise on valuation techniques


An overview of professional standards
• The Red Book and other standards
• Conflicts of interests
• Investigations
• Taking instructions and reporting valuations


Handling uncertainty – key principles
• Valuing in an uncertain market
• Reporting uncertainty
• Market analysis and supporting commentary


About the trainer

Mr Johnny Siu FRICS, FHKIS MBA(HKU) has been a chartered general practice surveyor for 27 years and he is now a senior professional in the civil services. He has been serving both the RICS and HKIS as an APC assessor since 1993. Before joining the HKSAR Government. Mr. Siu was an executive in HSBC group and had worked in Marketing Department, Wayfoong Property Limited and the Group Head Property Office, HSBC for over 13 years. Part time lecturing is also Mr Siu’s favorite and he has been a part-time lecturer in various universities for nearly 20 years.

Mr Siu is the co-author of the book, Valuation of Development Land in Hong Kong (2001 edition). This book has been used as a standard text book for surveying students in the universities and is the only valuation text book written by a practicing surveyor who is still handling property valuations daily. Apart from property profession, Mr Siu has a personal pursuit in the telecommunication industry and is now a member of the Radio Spectrum and Technical Standards Advisory Committee to advise the Director-General of Communications, OFCA on a number of telecommunication matters.


Deadline for early bird: Sunday 24 Dec 2017, 00:00

Deadline for registration: Friday 05 Jan 2018, 16:30pm

Have questions about Fundamentals of Valuation (Commercial) Jan 2018? Contact RICS Royal Institution of Chartered Surveyors

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When & Where


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

Saturday, January 6, 2018 from 9:30 AM to 5:30 PM (HKT)


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Organizer

RICS Royal Institution of Chartered Surveyors

Confidence through professional standards

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 and real estate management; the costing and leadership of construction projects; 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 professionals are involved the same standards and ethics apply.

We believe that standards underpin effective markets. With up to seventy per cent of the world’s wealth bound up in land and real estate, our sector is vital to economic development, helping to support stable, sustainable investment and growth around the globe.

With offices covering the major political and financial centres of the world, our market presence means we are ideally placed to influence policy and embed professional standards. We work at a cross-governmental level, delivering international standards that will support a safe and vibrant marketplace in land, real estate, construction and infrastructure, for the benefit of all.

We are proud of our reputation and we guard it fiercely, so clients who work with an RICS professional can have confidence in the quality and ethics of the services they receive.

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Fundamentals of Valuation (Commercial) Jan 2018
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