Chairman's Message (June 2010)
HKIS Annual Conference 2010
The HKIS Annual Conference 2010 is going to be held on 4 September at the Grand Ballroom, Conrad Hotel, Hong Kong. The theme this year is "Building Adaptation and Revitalization". Details could be found on the institute website. Should there be any queries, please contact Ms Polly Tsang/Mr Sam Leung at 2372 0090 or send an email to polly@creativegp.com/ sam@creativegp.com.

Chairman's message in past months

Expression of interest of application for CIREA
The Hong Kong Institute of Surveyors had signed a Reciprocity Agreement with the China Institute of Real Estate Appraisers in 2003 and the first reciprocal recognition was held in 2004, General Practice Division is organizing the second reciprocal recognition in 2010.

List of Property Valuers Undertaking Valuations for Incorporation or Reference in Listing Particulars and Valuations in connection with Takeovers and Mergers
(2007.07.18)

GPD Regulation
(2007.07.09)

Rating and Valuation Department issued the Practice Note 1/2007 on 2 January 2007
(2007.01.11)

Mandatory Valuation Standards
(2006.09.01) Please click the above for full details

Scale of Professional Charges for General Practice Services in Hong Kong
(2006.09.01) Please click the above for full details

Standard Proforma of Valuation Submission for Compensation Claims
Working Group on Professional Fees for Compensation Claims, with Stephen Yip (convenor), Rock Tsang and KK Chiu being the working group members, has on behalf of HKIS to discuss with Lands Department from time to time. With discussion and agreement with Lands Department, you are now recommended to use the "Standard Authorization / Appointment Letter" and a "Standard Proforma of Valuation Submission for Compensation Claims" which can be downloaded from HKIS web site. The use of "Standard Authorization / appointment Letter" is expected to simplify the procedures for eventual request for professional fees. The "Standard Proforma of Valuation Report for Compensation Claim" is to set a yardstick for Lands Department to determine whether a full scale fee is to be paid.

List of Firms Providing Professional Consultancy Services of General Practice Surveying
We have recently reviewed the policy and procedure for the maintenance of the List of General Practice Firms.

After a series of discussions and consultations, it is decided to formulate a new list known as "List of Firms Providing Professional Consultancy Services of General Practice Surveying" ("the List"). A copy of the guidelines for administration of the List and an application form for inclusion in the List is attached for your attention.

The List will replace the existing List of General Practice Firms with effect from 1 August 2006. If you wish to have your firm included in the List, please complete the application form and send it back to the General Practice Divisional Council at the HKIS Office, Suite 801, Jardine House, 1 Connaught Place, Central, Hong Kong before 30 June 2006.

THE HKIS VALUATION STANDARDS ON PROPERTIES
The principal objectives of the Standards are to provide appropriate guidance
to the Members so that the Reports prepared by them can achieve the highest
standards of professionalism, integrity, clarity, reliability and impartiality, and
are prepared in accordance with recognised bases that are appropriate for the
purposes of its preparation.

Amendment to The HKIS Valuation Standards