International Valuation Conference in China
Xian, China P.R. 17-20 October 2005
In cooperation with CIREA (China Institute of Real Estate Appraisers and
Agents), HKIS (Hong Kong Institute of Surveyors) FIG arranged the Valuation
Conference held in Xian, 17-20 October 2005. The conference was attended by
more than 300 registered participants.
Xian – 6.6 million inhabitants and yet not even mentioned amongst the big
Chinese cities – hosted the event and on the background of being the house
of the Chinese emperors for more than 1,000 years it is hardly possible to
find a more impressing town.
Temples, terracotta soldiers, museums, the greatest town wall on earth
and tombs of the Emperors put into a transforming city filled with life and
a chaotic traffic situation. Brand new Toyotas and VW (Chinese built)
together with old bicycles without any lights make an impossible mix
apparently without rules but with patience and friendliness it works. 200
new cars a day make the future smog situation look bad.
The conference set up was in Xian International Conference Centre and the
FIG delegation was led by Vice President, Dr. Andreas Drees (Germany)
with other representatives Mr. Stephen Yip (Chair of Commission 9),
Prof. Kauko Viitanen (incoming Chair of Commission 9) and Mr. Henning Elmstrøm (Commission 9 and President of CLGE).
Stephen Yip deserves much credit for his active role in preparation as
well as carrying out during the Conference. After welcome speeches and small
gifts – clay models of the House of H. C. Andersen in Denmark - handed over
by Henning Elmstrøm the keynote speakers underlined the enormous potential
in the valuation business and the rapid growing numbers of investors all
over the world.
During the sessions Prof. Kauko Viitanen talked about laser scanning as a
tool in valuation, Anthony Banfield presented Valuing Intellectual
Property and Intangible Assets, Bill Endsley from The Appraisal
Institute compared the situation in different countries in a very
interesting manner, Henning Elmstroem gave examples on European policy in
handling Valuation information.
Last but not least the young German lady Carla Seidel gave a
lecture titled “Transparency in the German real estate market - Results
and problems, chances and new developments”. She works in Berlin and it
is promising that the young generation is interested in the work in
Commission 9.
In China all land is owned by the state and it is rented out for housing,
industry or trade. The growth during the last decades – 9.4% in average in
the last 20 years (China daily October 20, 2005) – makes it a very
challenging job to cope with the demands for valuation.
On a technical tour we visited a valuation company founded in 2000 having
now 25 employees and Mr. Gao as CEO. Soon a lively professional
discussion revealed that a lot of common challenges and problems were faced
in a Chinese way based on rather well-known principles.
On top on this early morning meetings led by Andreas Drees resulted in a
draft for the future work in Commission 9 and in positive results for the
future cooperation between CIREA and FIG. A report will be handed to the FIG
Council to enhance the work and position of Commission 9 and suggestions for
the coming FIG Working Weeks and Congress were made.
In the program was also a tour to the world-famous terracotta clay
soldiers. The rating among the world’s top ten is only fair. Go there for
yourself. It is incredible and makes you stand silent and wonder about the
human costs to produce such a breathtaking tomb for one person. The People’s
Republic of China is not to be understood from a distance.
Henning Elmstrøm
Pictures by Henning Elmstroem and Carla Seidel.
|
After the Technical Tour in Xian. |
FIG representatives: Vice President
Andreas Drees (left), Kauko Viitanen, Carla Seidel,
Henning Elmstroem and Stephen Yip, Chair of Commission 9. |
|
Mr.
Gao, CEO of SHAANXI JIANYE REAL ESTATE VALUATION LTD.
welcoming Vice President Drees. |
Participants on visiting the City of Xian. |
|
Andreas Drees and Carla Seidel. |
From left to right Henning Elmstrøm, Stephen Yip and Andreas Drees. |
|
Carla Seidel on the podium |
Prof. Kauko Viitanen, Chair Elect of Commission 9. |
Papers from the Conference:
- Opening Address, Andreas Drees,
FIG Vice President, Germany
- The Triple Bottom Lines: A few
Practical Examples, John S. Corrigall, Deputy Director of Lands
in the Lands Department of Hong Kong Government
- The Use of Laser Scanning Data
in Real Estate Analyses, Kauko Viitanen, Chair Elect of FIG
Commission 9, Hannu Hyyppä, Juha Hyyppä and Petri
Rönnholm
- Valuing Intellectual Property and
Intangibles, Anthony Banfield, United Kingdom
- Transparency in the German real estate
market, Carla Seidel, Germany
- Real Property Markets & Professional Societies Expanding globally
together, Bill Endsley
Manager of Business Development, The Appraisal Institute
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