Quality valuation report in Malaysia
The issue of professional valuation practice standards has recently been the focus of attention in many parts of the world. In particular, the issue of the quality of valuation reports has also been the focus of considerable international attention in recent years; particularly in Australia and the...
| Main Authors: | , , , |
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| Format: | Thesis |
| Published: |
2011
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| Subjects: | |
| Online Access: | http://eprints.uthm.edu.my/5595/ http://eprints.uthm.edu.my/5595/1/A017.pdf |
| Summary: | The issue of professional valuation practice standards has recently been the focus of
attention in many parts of the world. In particular, the issue of the quality of valuation
reports has also been the focus of considerable international attention in recent years;
particularly in Australia and the UK. This research seeks to assess whether external
valuation client needs and expectations are being met concerning the quality of
commercial valuation reports in Malaysia. This will be achieved by using a survey of
external users of valuation reports to assess client needs of the quality of commercial
property valuation reports in Malaysia. Specific issues to be addressed in the study
include quality and reliability of valuation reports, information content of valuation
reports, client satisfaction with valuation reports, perceived weaknesses in valuation
reports, and suggested solutions to these perceived weaknesses. A property industry
survey of major external users of commercial valuation reports in Malaysia was
conducted in September 2008 to May 2009 to assess client perceptions of the quality
of commercial property valuation reports in Malaysia; this being the first such survey
in a developing property market. This survey highlighted the stature and integrity of
the valuation reports in Malaysia and the high levels of client satisfaction in
valuations for all commercial property types. Concerns were raised in a number of
key areas, with proposed solutions to these weaknesses identified. Ongoing issues for
ISM and BOVEA regarding the continued enhanced stature of the valuation process,
valuation practice standards, valuation reports and public confidence in valuers in
Malaysia are identified. |
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