JPPH expands consultancy service to Saudi Arabia

KUALA LUMPUR (April 27): The Valuation and Property Services Department (JPPH) has extended its consultancy services to Saudi Arabia – providing training services to the Saudi Authority for Accredited Valuers (TAQEEM) – from March this year, according to its director general Datuk Faizan Abdul Rahman.

Two JPPH officers are currently seconded there under a one-year contract to train TAQEEM officers to become valuers and trainers.

About 40 officers will participate in the programme to learn the knowledge and skills of property valuation, he said.

“Under the programme, we have started the training of trainer modules (TOT) in March and the contract will be ended in year 2017,” said Faizan during the welcome address of the 8th International Real Estate Research Symposium (IRERS 2016) today.

This is also the first time JPPH is providing its service to TAQEEM.

“TAQEEM approached us at the end of 2013 as they are looking for suitable candidates to provide training services to their trainers. They were impressed by our history as we have a long history of providing training services to many countries, such as Indonesia, Cambodia, Brunei and Nigeria,” he said.

Faizan said JPPH had also offered a two-month property valuers’ training to the United Arab Emirates authority back in 2006.

Themed “Leading The Way: Innovation in Real Estate”, the symposium was organised by The National Institute of Valuation (INSPEN), a unit under JPPH.

TheEdgeProperty.com is the media partner of the event.

Treasury secretary-general Tan Sri Irwan Siregar Abdullah officiated the opening ceremony of IRERS 2016.

The biennial event, which started on April 26, has attracted more than 200 participants from around the world and more than 80 research papers will be presented during the symposium and parallel sessions.

The symposium was organised in collaboration with the world’s leading institutions in real estate research, which includes University of Ulster and University of Reading from UK, University Western Sydney and The Queensland University of Technology from Australia.

“We hope to provide a platform for industry experts to discuss and exchange their ideas concerning the challenges in the real estate industry. At the same time, I believe the researchers and industry players may be able to explore possible cooperation opportunities through this event,” Faizan said.

JPPH is a government agency made up of two units – INSPEN and the National Property Information Centre (NAPIC). It provides valuation services for various purposes to the government, handling research and offering training as well as consultancy programmes.

Meanwhile, Faizan said INSPEN and The International Association of Consultants, Valuators and Analysts (IACVA) have trained 16 officers as certified business valuers and the Business Valuation programme has become JPPH’s current focus.

The department and Business Valuation Association of Malaysia (BVAM) will organise the Kuala Lumpur International Business Valuation Conference in Sept 19 to promote and update the global standards of business valuation to industry players.

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