Would the rising cost of construction materials lead to house price hike?
Covid-19 has severely hit nearly every sector of economy across countries.
Mohd Khairudin Abdul Halim leads JPPH, BOVAEP
PETALING JAYA (Oct 30): Mohd Khairudin Abdul Halim has been appointed the director general of valuation and property services of the Department of Valuation and Property Services (JPPH) and the president of the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP).
JPPH and RISM sign MoU to foster strategic alliance
PETALING JAYA (Oct 2): The Department of Valuation and Property Services (JPPH) under the Ministry of Finance Malaysia and the Royal Institution of Surveyors Malaysia (RISM) signed a Memorandum of Understanding (MoU) today to foster public and private strategic alliances with each other.
Valuers’ comparison approach not the cause of escalating property prices: RISM
PETALING JAYA (May 2): Valuers are not to be blamed for high property prices because of the use of the comparison approach in their valuation, said the Royal Institution of Surveyors Malaysia (RISM) in a statement today.
Property surveyors predict largest price fall in UK homes since 2011 as Brexit looms – report
PETALING JAYA (Feb 15): Property surveyors are predicting that UK's housing market will experience the most pervasive decline in prices since February 2011 in the next three months as the Brexit approaches without an acceptable transition deal in sight, reports Reuters.
Be aware of challenges to forming sub-MCs
PETALING JAYA (July 12): Forming a subsidiary management corporation (sub-MC) is no easy feat as it is fraught with challenges, said Royal Institution of Surveyors Malaysia (RISM) past honorary secretary general Chan Keat Lim.
Hong Kong to introduce flats with fireproof shelters on each floor
PETALING JAYA (March 20): New private housing estates featuring fireproof shelters on each floor will hit the Hong Kong (pictured) market from the second half of this year as a means of protecting elderly and disabled residents who cannot flee the flames on time, reported the South China Morning Post.
50% tax exemption on rent should be given to tenants, not landlords, says RISM
PETALING JAYA (Oct 27): It will be more appropriate if the government granted the 50% tax exemption to tenants as they are the party in need of assistance, instead of rewarding landlords with the Budget 2018 measure to halve tax on rental income, said the Property Management, Valuation and Estate Agency Surveying (PMVS) Division of the Royal Institution Of Surveyors Malaysia (RISM) in a statement today.
SGX and SISV set up committee to review valuation practices
SINGAPORE (Aug 18): Singapore Exchange (SGX) and the Singapore Institute of Surveyors and Valuers (SISV) announced on Aug 17 that they are jointly reviewing valuation practices as well as reporting done by real estate valuers that are engaged by listed issuers.
RISM: Real estate valuers are professionally qualified property managers
PETALING JAYA (Aug 7): Real estate valuers are also professionally qualified property managers, and these two functions of the real estate valuer are stated in the Valuers Appraisers and Estate Agents Act 1981 (Act 242), said the Royal Institution of Surveyors Malaysia (RISM).
