Message from the GPD Chairman (October 2008)
The Hong Kong Institute of Surveyors (General Practice Division), Australian Property Institute, Appraisal Institute of Canada, Property Institute of New Zealand and Singapore Institute of Surveyors and Valuers (Valuation & General Practice), all members of the World Association of Valuation Organisations, are now drafting a memorandum of understanding under which a member of one of the said institutes may be admitted as a member at the equivalent level of all other institutes. It may be the first time where recognition of HKIS qualification is extended to North America.

Chairman's message in past months

GPD Annual General Meeting 2008
The AGM of the General Practice Division will be held on 26 November 2008 at 6.30 pm at the HKIS Surveyors Learning Centre. Members of the GPD are cordially invited to attend.

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)

The Guidelines for the Registration as a PRC Real Estate Appraisers
(2007.06.05) The Guidelines for the Registration as a PRC Real Estate Appraisers has been issued recently.

Amendment to The HKIS Valuation Standards
(2007.03.28)

APC Final Assessment 2006
APC Final Assessment 2006

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

THE HKIS VALUATION STANDARDS ON TRADE-RELATED BUSINESS ASSETS AND BUSINESS ENTERPRISES
The objective of the Standards is to provide appropriate guidance to the Members
so that 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.

GUIDANCE NOTES ON VALUATIONS OF PROPERTIES FOR MORTGAGE PURPOSE SECOND EDITION
These Guidance Notes are intended to deal with the valuations
of properties for mortgage purpose on behalf of banks and
other lenders according to the Valuation Standard 8 of the
HKIS Valuation Standards on Properties

How can we help you?
Land in most countries is in short supply, yet always in demand. Its use, therefore, needs careful planning. Property is bought and sold for residential, retail, office and industrial use. It is developed as an investment, and if it is professionally managed, its value will be enhanced...