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Red Book: Theory and Practice (2017 edition) Sep 2019

RICS Royal Institution of Chartered Surveyors

Saturday, September 7, 2019 from 9:30 AM to 5:30 PM (HKT)

Red Book: Theory and Practice (2017 edition) Sep 2019

Share Red Book: Theory and Practice (2017 edition) Sep 2019

Event Details

Date: Saturday, 7 September 2019

Time: 09:30 to 17:30 
Venue: Room 3707, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong
CPD hour: 6 hours
Language: English

Early bird discount: HK$3,000 (RICS Professionals); HK$3,500 (Non-RICS Professionals)
Course fee: $3,500 (RICS Professionals) ;$4,000 (Non-RICS Professionals)


This course will provide you with the essential skills you need to effectively interpret the Red Book Standards and put them into practice. Through a series of practical case studies, you will see how the Standards can be applied in different scenarios and the courses of action you will need to take.

The RICS Valuation – Professional Standards (the Red Book) is the mandatory standards that all valuers must adhere to. Understanding what is required under the International Valuation Standards is essential to producing accurate, compliant and professional valuation reports. 


Using short exercises and discussions alongside a presentation to explain both the theory and practical elements of these valuation standards, this session will allow you to walk away from the day with confidence in your ability to produce red book compliant valuations.


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

  • Apply the Red Book Standards in practice
  • Fulfil client requirements in accordance with the Red Book Standards
  • Demonstrate to current and potential clients that your work meets the industry recognised Standards of best practice and excellence
  • Produce valuation reports in accordance with Red Book Standards
  • Describe the role of compliance and RICS regulation

Course Structure

  • Introduction to structure, aims and purpose of International Valuation
  • Standards and the RICS Red Book
  • Qualifications, disclosure and compliance
  • Terms of engagement
  • Bases of Value
  • Using Depreciated Replacement Cost
  • Investigations and inspections
  • Valuation reports – the basic requirements
  • Putting this into practice - what the client wants to see, and why
  • Differences in valuation reports when:
  • Valuing for accounts
  • Valuing for commercial lending
  • Valuing for sale/acquisition
  • Regulated Purpose valuations
  • Investment properties
  • Development properties
  • Disclosures in the report
  • Dealing with uncertainty
  • Contamination and flooding



Course Content

The course has been designed to follow the structure of the Red Book and includes practical valuation issues. The course will include short lectures, group discussion and group exercises.



Mr. Gary Man FRICS
Managing Director of GCA Asset Services Limited

Gary is the Managing Director of Greater China Asset Services, Global Business Valuation Sub-Board Member, Asia Business Valuation Committee Chairman and Asia Valuation Professional Group Member He has more than 30 years experience in valuation and consultancy. He has been engaged in numerous assignments covering the Asia-Pacific region, in particular in countries such as China, Taiwan and Hong Kong, Korea, Malaysia, Singapore, Vietnam, Thailand and further west to India, Kazakhstan and the Republic of the Maldives.

Gary also has academic experience. He was a visiting lecturer at the Hong Kong Polytechnic University (PolyU) lecturing on Business and Intangible Assets Valuation and other topics. In China, he has given lectures on similar subjects for the ZheJiang University in Hangzhou City. He was also invited to be the External Examiner for the MSc programme in International Real Estate (ZheJiang) for the PolyU.



 Who should attend?

The course is aimed at practising valuers who may undertake just a few valuations each year, students just completing their APC in valuation as well as more senior valuers regularly undertaking Red Book valuations who want to check that they are complying with the latest, newly published version of the Red Book.



Mr Peter Au, Business Development Manager

Tel: 2116 9719



  • The organiser reserves the right to cancel or reschedule the training at its discretion.
  • No refund or cancellation will be accepted, but a substitute delegate is normally permitted. Please inform the organiser of your substitute delegate at least 5 days before the training.
  • If a typhoon signal no. 8 or above, or black rainstorm warning is in force at least 3 hours before the programme is scheduled to begin, the training will be postponed until further notice. Otherwise, it will continue as scheduled.
  • Registration will only be confirmed upon receipt of completed registration form and full payment.
  • Upon completion of this event, a CPD certificate will be granted. A payment receipt along with the CPD certificate will be sent to you by email with 10 business days after the training.

Have questions about Red Book: Theory and Practice (2017 edition) Sep 2019? Contact RICS Royal Institution of Chartered Surveyors

When & Where

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

Saturday, September 7, 2019 from 9:30 AM to 5:30 PM (HKT)

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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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