News & Insights

Property Surveyors in the NEWS

We encourage you to visit our active and engaging social media pages for the latest news and updates from The Royal Institution of Surveyors Malaysia (RISM). Connect with us on Facebook and LinkedIn to stay informed about the happenings within the surveying profession in Malaysia. Additionally, you can click on the provided URL to access our official website’s news section for comprehensive and up-to-date information on RISM.

Facebook: Stay connected with us on Facebook at https://www.facebook.com/propertysurveying.RISM. Our Facebook page is regularly updated with news articles, industry insights, event announcements, and relevant updates from RISM. By following our page, you will be among the first to know about important developments and engaging content related to surveying and property matters.
LinkedIn: Connect with us on LinkedIn at https://www.linkedin.com/company/property-surveying-division-rism. Our LinkedIn page serves as a professional platform for networking, knowledge sharing, and industry discussions. Engage with fellow professionals, participate in conversations, and access informative posts, articles, and updates related to the surveying field. Join our LinkedIn community to expand your professional network and stay informed about the latest trends and opportunities.

To access the latest news specifically related to RISM, we invite you to click on the following URL: https://rism.org.my/news/. This direct link will lead you to our official website’s news section, where you will find a wealth of information on RISM’s activities, initiatives, publications, industry collaborations, and more.

By engaging with our social media pages and visiting our website’s news section, you will have access to a diverse range of content, including informative articles, interviews, research findings, event updates, and thought-provoking insights. We encourage you to explore these platforms and leverage the valuable resources they offer.

Join us on Facebook and LinkedIn, and bookmark the provided URL to stay connected and receive the latest news and updates from The Royal Institution of Surveyors Malaysia (RISM). We look forward to keeping you informed and engaged with the dynamic world of surveying in Malaysia.

RESEARCH & PUBLICATIONS

Compilation of Court Cases

The Property Surveying Division of RISM has taken the initiative to collect JUDGEMENTs for cases involving land issues in Malaysia. This effort aims to facilitate members of RISM in making references and enhancing their knowledge regarding the cases referred to the Court. By doing so, it provides an easier and more comprehensive access to information, allowing members to stay informed and updated on land-related matters in Malaysia.

LPEPH Publications

The Board of Valuers, Appraisers, Estate Agents and Property Managers (LPEPH) offers a range of valuable publications that serve as essential references for professionals in the fields of property valuation, appraisal, estate agency, and property management. These publications provide comprehensive and authoritative guidance, standards, and resources to support practitioners in their daily work and decision-making processes. To access these publications, please visit the official LPEPH website at https://lppeh.gov.my/WP2016/publications/.

NEWS & NOTICES

RISM Property Surveying Division Newsletter

PROPERTY SURVEYING DIVISION NEWSLETTER ISSUE 2022/2023 JUNE 2023

Welcome to the latest edition of the Property Surveying Division’s Newsletter, Issue 2022/2023. In this issue, we are delighted to share valuable insights and updates on the initiatives and activities undertaken for our esteemed members.

We have gathered industry professionals who generously offer expertise and insights on navigating various aspects of the real estate practice, including valuation, estate agency and property management. Their valuable tips and best practices will greatly benefit your daily work and business endeavors.

Additionally, we have compiled a comprehensive list of exciting events and programs organized exclusively for the benefit of our members. These events aim to foster unity and provide networking opportunities within our vibrant industry. I would like to extend my heartfelt gratitude to the dedicated members of our editorial sub-committee, the committee members of the Property Surveying Division 2022/2023, as well as fellow members, colleagues and industry seniors who have continuously supported, assisted and guided us in bringing this newsletter to fruition.

We sincerely hope you find this edition insightful and engaging. Your feedback, suggestions, and ideas for future editions are highly valued. Please don’t hesitate to reach out and share your thoughts. Happy reading!

Click image or click here to download PSD Newsletter 2023

RISM Mailing List

We kindly request you to subscribe to The Royal Institution of Surveyors Malaysia (RISM) mailing list to ensure that you stay informed and connected with the latest updates, advancements, and opportunities within the surveying profession. By subscribing, you will receive our announcement conveniently in your email inbox, providing you with valuable insights and resources tailored to the surveying industry in Malaysia.

Circulars

The Board of Valuers, Appraisers, Estate Agents and Property Managers (LPEPH) issues important circulars that are relevant to the field of property valuation, appraisal, estate agency, and property management. These circulars provide updates, guidelines, and regulatory information that professionals in the industry need to be aware of. To access the latest circulars from LPEPH, please visit their official website at https://lppeh.gov.my/WP2016/latest-news/.

The circulars issued by LPEPH cover a wide range of topics, including changes in regulations, updates on professional standards, licensing requirements, code of conduct, and industry best practices. By regularly referring to these circulars, valuers, appraisers, estate agents, and property managers can ensure that they are in compliance with the latest regulations and guidelines, and stay up to date with industry developments.

In addition, the RISM Property Surveying Division (PSD) also issues circulars that are specific to the property surveying profession. These circulars are designed to provide division members with valuable updates, information, and guidance related to their practice. To access the latest circulars from RISM PSD, please visit their official website’s news section at https://rism.org.my/news/.

The circulars from RISM PSD cover a wide range of property surveying topics, including land surveying, quantity surveying, building surveying, geomatics, and related disciplines. They may include updates on surveying techniques, technology advancements, professional development opportunities, industry events, and relevant research findings. By referring to these circulars, property surveying professionals can stay informed about the latest trends, practices, and innovations within their field.

Both the circulars from LPEPH and RISM PSD are valuable sources of information for professionals in the property industry. By regularly reviewing these circulars, industry practitioners can enhance their knowledge, ensure compliance with regulations, and stay up to date with the latest trends and developments. It is recommended to visit the respective websites periodically to access the most recent circulars and stay informed about the evolving landscape of property valuation, appraisal, estate agency, property management, and surveying in Malaysia.

VIDEOS

EA Awareness Video

This is an initiative by the Property Surveying Division of Royal Institution of Surveyors Malaysia (RISM), to educate the public about the importance of choosing Registered Estate Agents for any property transactions.

https://rism.org.my/rism-ps-ea-awareness-video/

Property Management Awareness Video “Sayangi Strataku”

The Property Surveying Division of Royal Institution of Surveyors Malaysia (RISM), takes an initiative to educate the public about the importance of choosing the Registered Property Managers.

Strata living will be the future lifestyle of Malaysians as land cost will increase and land is scarce nowadays, leading to more vertical developments. Hence, holistic control and regulation are needed not just in the development aspect but also for property management. Poor maintenance of the lifts, faulty old rooftop storage tanks, depleted sinking funds, security problems and many others.

Those are common cases which also include breach of trust when property managers disappear with JMB/MC collection fees, as well as incompetence in managing the property, resulting in home- or strata-owners refusing to pay service charges, which further hampers the property managers’ ability to provide good service.

Its timely indeed the need for property managers to register, it ensures the public is served by practitioners with the necessary skills in the field, such as building construction, property maintenance, property and strata law, and property finance, among others. With the launch of the Register of Property Managers, it brings the practice of property management under the ambit of the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP), which falls under the Ministry of Finance’s purview. The penalties that will be faced by unregistered property managers include admonishment, suspension and fines from RM10,000.

https://rism.org.my/property-management-awareness-video-sayangi-strataku/

Unravelling the Facts Behind the Property Overhang

The Royal Institution of Surveyors Malaysia (RISM) is pleased to announce the release of its publication entitled Investigating Property Overhang: Policy Analyses. This publication is a collaborative research by the Property Surveying Division of The Royal Institution of Surveyors Malaysia and Jabatan Penilaian dan Perkhidmatan Harta (JPPH).

Property overhang is a long outstanding issue in the Malaysian Real Estate Industry. First highlighted after the 1997 Asian Financial Crisis, the issue persists until today in spite of the various measures taken by the government. The statistics on residential property overhang as at Q3 2019 reveals that the magnitude of the problem is three times more in volume and eleven times more in value than the first overhang data captured in 2004. Residential property overhang is not only an issue to the developers but equally important is to consider the social costs that it presents to the house-buyers and the community in which the overhang units exist. Hence, it becomes urgent to address and rethink some of the policies and measures to address the overhang issue.

https://rism.org.my/unravelling-the-facts-behind-the-property-overhang-fin-video/