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The International Property Measurement Standards Coalition (IPMSC) was established in May 2013 by the Royal Institution of Chartered Surveyors (RICS) and other international property institutions to create an international best practice for the measurement of property space. Currently, the measurement of office, residential, retail and industrial space can vary considerably from country to country. This makes it difficult for global investors and occupiers to accurately compare space and values.

With the implementation of a global property measurement standard, properties will be consistently measured, which should enhance investor confidence and property market transparency and stability. The initiative will lead to improvement in property valuation and financial reporting consistency across international markets.

Mr Michael Newey, President, and Mr Brett Shadbolt, Asia World Regional Board Member of RICS, will share their insights with members on this important topic. Their presentation will cover:

- The formation of IPMSC;
- How the standards affect property valuation, investor behavior and the attractiveness of property investment in different countries (and in the Hong Kong context); and
- How the future regulatory regime may be changed to accommodate the adoption of the standards.

Participants can earn 1 CPD hour recognized by RICS.

Speakers' presentations at this event are intended for educational purposes only and do not replace independent professional judgment. Statements of fact and opinions expressed during this event are those of the speakers and participants and, unless expressly stated to the contrary, are not the opinion or position of the Hong Kong General Chamber of Commerce, its members, or its committees. The Chamber does not endorse or approve, and assumes no responsibility for, the content, accuracy or completeness of the information presented. Attendees should note that, with the approval of speakers, this event may be recorded, and possibly published on the Chamber's website in audio and/or video formats without further notice.

Recording, duplication or distribution of the contents of the online event is prohibited without prior written permission from the Chamber.

Speaker(s) Michael Newey, President
Brett Shadbolt, Asia World Regional Board Member
Royal Institution of Chartered Surveyors
Language English
Date and Time 2013/11/04 12:30 to 14:00
Venue Chamber Theatre, 22/F United Centre
Media Open to media
Enquiries Gweneth Tong
Tel: 28231293
Fee Members @ HK$160 / Non-Members @ HK$320
This event accepts Chamber Coupon (terms and conditions)
Members enjoy 30% discount with BOC HKGCC VISA Card
Notes 1. Bookings will only be confirmed with full payment, on a first-come-first-served basis.
2. Substitution is allowed with advanced notice while walk-ins will normally not be accepted.
3. If the Chamber cancels the event, payments will be fully refunded. Otherwise, no refund for cancellation or no-show unless the cancellation request is made at least 3 days before the event, and in such cases the refund will be subjected to a 5% or HK$30 deduction, whichever is higher.
4. Members paying with their BOC HKGCC Visa Card will enjoy a 30% discount on their reservation. The discount is only applicable to the card holder, and does not extend to their guests. The discount cannot be used in conjunction with Chamber Coupons.
5. The decision to accept or decline any bookings shall be at the sole discretion of the Chamber.

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