Emerald was pleased to be a sponsor of World Valuation Congress IX

Citation

(2001), "Emerald was pleased to be a sponsor of World Valuation Congress IX", Property Management, Vol. 19 No. 5. https://doi.org/10.1108/pm.2001.11319eac.013

Emerald was pleased to be a sponsor of World Valuation Congress IX

Emerald was pleased to be a sponsor of World Valuation Congress IX

26-29 April 2001, School of Building and Real Estate, National University of Singapore

Delegates from more than 30 countries gathered for a week of information sharing on valuation research and training, global standards, electronic valuations and real estate investment, services and opportunities (Plates 6 and 7).

For the first time, the World Valuation Congress (WVC) and the Commonwealth Heads of Valuation Agencies (CHOVA) combined their conferences in one location, placing their respective gatherings back-to-back.

Plate 6 Philip White (left) and fellow WVC trustee George Grover

Plate 7 Left to right, Brian Glanville, President of the Appraisal Institute, Peter Clark, Public Works and Services, Vancouver, Canada and David Hitchcock, British Columbia Assessment

This was met with positive feedback for future conferences. Mohammed Shehu of the Central Bank of Nigeria said: "For those of us coming from developing nations like Nigeria, it would be cheaper and more convenient for us and also for public servants, it would be easier for them to seek government approval, to attend the two conferences at the same time",

There were 40 CHOVA delegates who met to discuss E-valuation. Topics discussed included The Digital Estate – New Valuation Concept, by Rosemary Feenan, Director of UK Research, Jones, Lang, Lasalle, and Government Online – E Government Valuation by Michael Blaschuk, Chief Appraiser of Canada.

Following CHOVA, there were some 200 delegates in Singapore for the 9th World Valuation Congress meeting under the theme of "Real property valuation in a dynamic environment".

The WVC was hosted by the Department of Real Estate, National University of Singapore and the Singapore Institute of Surveyors and Valuers. The Inland Revenue Authority of Singapore supported both CHOVA and WVC.

Dialogue and the sharing of papers at the WVC is designed to improve international communication and co-operation.

Globalization was a topic on everyone's mind and Greg McNamara of the International Valuation Standards Committee summed up the need for global valuation standards when he talked about the need for reliable valuation information worldwide. McNamara said: "The economic fundamentals are changing.

McNamara said: "There's a shortage of valuers world-wide and a growing need for valuers.

"Clients need reliable information. Specifically, the accounting profession requires the reporting of assets for market to market reporting".

Alastair Adair, University of Ulster, Northern Ireland, added "As an educator, I find it very important that we know what is happening in other countries ... we need to be on the cutting edge of research because as practitioners our students will need to work not only in the UK, but internationally."

Papers from both CHOVA and WVC will be available electronically on their respective Web sites: http://www.worldvaluationcongress.org; http://www.chova.org