Quality valuation report in Malaysia

David , Martin and Mohamed Razali, Muhammad Najib and Graeme, Newell and Eni, Sabariah (2011) Quality valuation report in Malaysia. Other thesis, Universiti Tun Hussein Onn Malaysia.

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Abstract

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.

Item Type:Thesis (Other)
Subjects:H Social Sciences > HD Industries. Land use. Labor > HD72-88 Economic development. Development economics. Economic growth
Divisions:Faculty of Technology Management and Business > Department of Property Management
ID Code:5595
Deposited By:Normajihan Abd. Rahman
Deposited On:17 Jun 2014 15:11
Last Modified:17 Jun 2014 15:11

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