June 2008 - SISV

June 2008 - SISV

NEWS FROM THE SECRETARIAT SISVnews SISV News is a quarterly newsletter of the Institute. It is distributed to members, students and friends of the s...

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NEWS FROM THE SECRETARIAT

SISVnews SISV News is a quarterly newsletter of the Institute. It is distributed to members, students and friends of the surveying profession free of charge. Anyone wishing to receive a copy may contact the Secretariat.

23rd COUNCIL 2008-2009

CONTENTS Integrating Surveying Technologies Take Centrestage

04

Singapore’s Property Market on an Upswing

06

Closer Ties for SISV & HKIS

07

Mixing Business with Pleasure

08

Council Chairman Dr Lim Lan Yuan, JP, FSISV

CONGRATULATIONS

President (QS) Goh Ngan Hong, FSISV President (LS) See Seng Guan, FSISV

SISV is proud to announce that Dr Lim Lan Yuan, JP is the new SISV Chairman with effect from 11th April 2008.

President (VGP) Dr Lim Lan Yuan JP, FSISV Honorary Secretary Alfred Chng, FSISV

THANK YOU

Honorary Treasurer Mak Weng Tat, FSISV Secretariat Assistant Manager Janet Han

The Institute would like to thank Dr Amy Khor for her valuable time and contributions rendered to SISV.

EDITORIAL CONTRIBUTIONS All contributions of suitable articles are welcomed. Article submissions should include both hard (printed) copy and a softcopy (via email or diskette) in word format. Contributions should reach the Secretariat before 25 March, June, September and December.

DISCLAIMER No part of this newsletter may be reproduced without the permission of the Institute. Contents of the newsletter do not necessarily reflect the views or opinions of the Singapore Institute of Surveyours & Valuers and no liability is accepted in relation thereof.

CONGRATULATIONS AND A WARM WELCOME TO OUR NEW MEMBERS/MEMBERS’ FIRMS FELLOW QS

PROBATIONER Goh Miah Hong Terence

MEMBER LS LS LS VGP VGP VGP VGP VGP VGP VGP VGP

Han Boon Juan Koh Thong Sia Lim Loy Chin Chow Lin Lin Fong Li Teng Stephanie Goh Puay Hoon Joanne Liaw Hin Sai Soo Suat Mui Cynthia Teo Gek Hoon Stefanie Tham Sook Ping Yeo Kuan Hwee Calvin

ADVERTISEMENTS For information and advertising rates, please contact the Secretariat’s office:

SINGAPORE INSTITUTE OF SURVEYORS & VALUERS 20, Maxwell Road #10-09B Maxwell House Singapore 069113 Tel (65) 622 3030 Fax (65) 6225 2453 Website http://www.sisv.org.sg Email [email protected]

QS QS QS QS VGP VGP VGP VGP VGP

FIRM LS LS LS

QS VGP

Chan Mei Ann Yvonne Myo Gaday Shi Ngan Siew Huan Tan Mei Ling Audrey James Francis Crawford Lee Hsing Hui Hazel Daniel Shane Mohr Teo Beng Hock Perry Ong Wee Ling Geometra International Pte Ltd S C Ang Consortium Pte Ltd Wisescan Engineering Services Pte Ltd Turner & Towner Pte Ltd EM Services Pte Ltd (Valuation Dept)

NOTICE The following members have resigned from the Institute VGPP Chng Chiew Ying Clara Div/Grade LSF QSF QSM VGPF VGPM VGPM VGPM

Anthony Lim Leong Kok Hoong Leet Woon Fai Ho Lum Khuan Philip J Jones Seah Seow Boon Eddy Soh Tee Beng

VGPP VGPP VGPP

Firm LS VGP

Kok Chee Cheng Karen Lee Tze Wee Andrew Tan Lay Kuan

Tan Sek Leng Surveyors Hillview Consultancy Services Pte Ltd

NOTICE

OFFICE HOURS Monday to Friday 9.00am to 6.30pm

Dear SISV Member Firms

EDITORIAL & DESIGN CONSULTANT

With effect from Year 2008, we wish to inform that SISV would be doing away with the block advertisement in yellow pages directory listing under the SISV’s umbrella. Kindly arrange directly with the Yellow Pages for the placement of your advertisements.

Design Fusion Pte Ltd

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We thank you for your kind understanding and apologise for the inconvenience caused.

AACE International’s 52nd Annual Meeting & ICEC’s 6th World Congress on Cost Engineering, Project Management and Quantity Surveying Date : 29th June - 2nd July 2008 Venue : Toronto, Ontario Canada Website : http://www.aacei.org/annualmeeting/register/ rates.shtml The 3rd Indonesian Geo-Information Technology Exhibition Date : 6th - 9th August 2008 Venue : Jakarta Convention Center, Indonesia Website : http://www.geospatial-exh.com/ MAP Asia 2008 Date : 18th - 20th August 2008 Venue : Kuala Lumpur Convention Center (KLCC), Kuala Lumpur, Malaysia Website : http://www.mapasia.org/ 24th Pan Pacific Congress of Real Estate Appraisers, Valuers and Counselors Date : 22nd - 25th September 2008 Venue : Seoul, Korea Website : http://www.ppc2008.org 3rd WAVO Valuation Congress Date : 17th - 18th November 2008 Venue : Bucharest, Romania Website : http://www.wavoglobal.org

URA

Issued by Urban Redevelopment Authority (URA). These circulars are also available at http://www.ura.gov.sg URA/PB/2008/01-CUDD Revised approach to evaluating hotel conversion applications URA/PB/2008/02-DCD Conversion of surplus car parks in commercial, mixed use and hotel developments URA/PB/2008/03-CUDD Revised exclusion boundary of entertainment uses in Kampong Glam conservation area URA/PB/2008/04-PPD Guidelines For The Integration Of Community And Sports Facilities In Existing And New Private Commercial Developments URA/PB/2008/05-DCD Revised Requirement On Owners’ Consent For Applications To Redevelop A Strata-Titled Development With A View To Collective Sale

URA/PB/2008/06-CUDD 2008 URA Architectural heritage awards (AHA) URA/PB/2008/07-CUDD Clarification on guidelines to retain timber staircase in conservation shophouses within the historic districts and residential historic districts URA/PB/2008/08-CUDD Guidelines for visitors’ hostel and other allowable uses in hospital developments located on sites zones as health and medical care URA/PB/2008/09-CUDD Planning approach to allow conversion of residential sites in Orchard Planning Area & Bras Basah. Bugis to hotel use

FSSD

Issued by Fire Safety & Shelter Bureau. These circulars are also avaliable at http://www.scdf.gov.sg

LIBRARY SECTION You can now browse the list of SISV Library collections from the web. If you come across books or wish to donate books that are useful to the surveying profession, please contact the secretariat at 6222 3030. Property Market Information 1Q 2008 • Private Residential Properties • Commercial Properties • Industrial Properties • Details of Project Under Development • • • •

Contents of the circulars will be made available to FSISV and MSISV only. Please call Joe from the Secretariat at Tel: 6222 3030 to request for a copy. For SISV Probationers and CREA, please contact the originator directly.

NEWS FROM THE SECRETARIAT

CIRCULAR

CONFERENCE

CD/FSSD/12/01/03/04 Mandatory Electronic Payment Scheme for Waiver Applications & Lodgement of minor additions & alterations (MAA) applications – reminder

CD/FSSD/12/01/03/04 Implementation of SS 332:2007 – Specification for fire doors

CD/FSSD/12/01/03/04 Fire Safety Engineering Designs involving Structural solution

CD/FSSD/12/01/03/04 Amendment to the technical guidelines on fire safety requirements for petroleum service station

CD/FSSD/12/01/03/04 Review of fire safety engineering report by the peer reviewer

Construction (Design and Management) Regulations 2007 Managing Health and Safety in Construction The Building Economist March 2008 The Journal of the Australian Institute of Quantity Surveyors

CD/FSSD/12/01/03/04 Permissible variations for storey shelter (SS) technical requirements CD/FSSD/12/01/03/04 Certification of fire safety special building materials

CD/FSSD/12/01/03/04 Photo Luminescent Marking

CD/FSSD/12/01/03/04 Certification of regulated fire safety products/materials CD/FSSD/12/01/03/04 Technical requirement for household shelter 2008

The 27th SISV Annual General Meeting

Bouquets and milestones. On 29th March, the Institute held its 27th AGM at Novotel Clarke Quay in tribute to another successful year. Chaired by SISV’s Chairperson Dr Amy Khor, the members were given an overview on the Institute past year’s achievements such as the success of the Nation Property Portal which has

received 2 million hits since its launch in April 2007 and the significant signing of the MOU between the Land Surveyors Board (LSB) and SISV on the CPD Programme. She also urged more members to serve in the committees. Lim Meng Tong FSISV and Hoe Boon Leong MSISV were appointed

Honorary Auditors and Lo Hock Lin & Co was reappointed Professional Auditor at the AGM. The AGM ended with newly elected members receiving their Membership Diplomas from Dr Amy Khor. All the members then dispersed for their divisional AGMs.

SISVnews

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Integrating Surveying Techn T

he 31st ASEAN Flag Council Meeting was held at Orchard Hotel from 17th to 18th March. Delegates from all over the region attended the seminar which focused on the developments of modern day integrating surveying technologies. Amongst the speakers were distinguished names like Mr Ronald Van Coevorden (Regional Manager) and Mr Peter Lindqvist from Trimble Navigation Limited; Dr Tor Yam Khoon, Associate Professor to NTU’s School of Civil and Environmental Engineering; and Mr Victor Khoo, Manager of Survey Service Regulatory Division, Singapore Land Authority, Survey Service Regulatory Division.

Event highlights include:

Topics discussed include the use of integrating land surveying equipment such as panorama scanners which provide more detailed geospatial data and the introduction of new land surveying equipment from Trimble Navigation Limited. Overseas delegates were also introduced to SiRENT; a Singapore satellite positioning reference network that assists in navigation and tracking.

• a technical visit to Centre of Remote Imaging, Sensing and Processing (CRISP).

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• the official MOU signing ceremony between Land Surveyors Board -SISV and Continuing Professional Development • a welcome dinner where appreciation tokens were given out to main sponsor Trimble Navigation Limited, and Centre of Remote Imaging, Sensing and Processing (CRISP). The four speakers for the seminar also received plaques for their efforts.

ologies take centrestage

SISVnews

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NEWS FROM THE DIVISIONS

BREAKTHROUGH for Singapore Surveyors Singapore surveyors led by Surbana International Consultants Pte Ltd, has been engaged by the Urban Planning Development Authority of Qatar to establish the national standards and specifications for survey and mapping activities. The team, comprising Mr Tan Choo Haw, Dr Tor Yam Khoon , Mr Kwoh Leong Keong, Mr Leong Kin Weng, Prof Kearsley (Australia) and Mr See Seng Guan secured the project against international competitors from Denmark and Sweden. President of LS Division, Mr See who is also the project director said, ”it is a breakthrough for Singapore surveyors as this is the first time a foreign authority has engaged our local surveyors to draft survey and mapping standards. It is also an attestation to client’s recognition of the Singapore system.”

Mr See & Mr Leong with officials from UPDA, Qatar after the contract signing ceremony on 1st January 2008

SINGAPORE’S PROPERTY MARKET ON AN UPSWING

O

n 29th February, SISV held a property market update series featuring five high-flying industry speakers – Ms Tan Huey Ying (Residential) and Ms Brenda Ong (Industrial) from Colliers International, Mr Foo Suan Peng and Ms Agnes Tay (Office) from Knight Frank Pte Ltd and Mr Donald Han (Retail) from Cushman & Wakefield. With years of market experiences, they took turns to delight the attentive participants with rounds of good news after good news.

US Recession A Blessing In Disguise All the sectors in the property market recovered in 2007, prompting Mr Foo Suan Peng to predict another successful run this year. He said if there is a US recession, it could onl mean that foreign investors will turn to Asia and for opportunities.

US Recession A Blessing In Disguise All the sectors in the property market recovered in 2007, prompting Mr Foo Suan Peng to predict another successful run this year. He said if there is a US recession, it could onl mean that foreign investors will turn to Asia and for opportunities.

Spotlight Falls On The Residential Property Market Residential property market scene is estimated to grow this year. Though profits declined after reaching its peak in 2nd quarter 2007, high demand from foreign buyers will ensure a healthy outlook for the residential sector.

All Systems Go For Industrial Space The entrance of new players such as those from biomedicals and aerospace industries will also ensure a rosy future for this sector.

Office Crunch! Despite the government efforts to relocate its agencies and releasing SLA sites for office space, companies are not too keen to work in areas with less facilities and amenities as compared to the CBD. Hopefully, the future office space in Marina Bay (to be ready in 5-10 years time) will help ease the crunch.

Shopping Paradise Get set for a shopping experience like no other as three new shopping centre and six luxury brands flagship stores are about to open in the heart of Orchard Road. Projected retail growth is expected to be a healthy 7.1%.

Foo Suan Peng

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Tan Huey Ying

Brenda Ong

Agnes Tay

Donald Han

I

n view of the various Collective Sale cases that have been brought to the Strata Titles Board hearing, the VGP Division organised a workshop on 25th April for SISV members who were involved in Collective Sales. Conducted by Dr Lim Lan Yuan, the workshop updated the participants on the Institute’s guidelines on Collective Sales. Dr Lim discussed amongst others, key issues on valuation and distribution of sale proceeds. Participants were reminded to conduct themselves professionally. Preparatory work must be done when they are testifying as expert witnesses in any collective sale cases.

Integrating Eco-sustainability in Real Estate The 6th FIABCI Asia Pacific Regional Secretarial Summit discusses solutions for eco-sustainability in the real estate industry.

O

ver 70 delegates from Malaysia, United Kingdom, Australia, East Asia and the region attended the 6th FIABCI Summit at Novotel Clarke Quay in Singapore from 3rd to 4th April. Organised by SISV, participants to the the two-day summit was warmly welcomed by newly elected FIABCI

O

NEWS FROM THE DIVISIONS

Review to Collective SALES Guidelines

Singapore President, Dr Lim Lan Yuan. The seminar which focused on eco-sustainability, also featured well known industry speakers such as United PREMAS Limited also shared their ideas. Key representatives at the summit also gave their take on the property scene of their respective countries. The two-day event ended with project presentations by The People’s Government of Shenyang City and Hong Quan Real Estate Corp, Vietnam, and a farewell dinner at Fort Canning Park.

CLOSER TIES for SISV & HKIS

n 3rd April, SISV’s Council member Eugene Seah made a trip to Hong Kong on behalf of SISV President to strengthen ties with the Hong Kong Institute of Surveyors (HKIS). During the trip, future plans were discussed to bring the two institutes closer together. Eugene Seah (SISV) and Johnson So (HKIS) gave a talk at the joint seminar on “Innovation in Construction Procurement; Two Countries, One System”. Over 200 HKIS members attended. As a gesture of goodwill, gifts and mementos were exchanged between the two parties.

Gift exchange between Eugene Seah (SISV Council member) and Daniel Ho, Vice Chairman of HKIS (QS Division)

SISVnews SISV

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MIXING BUSINESS WITH PLEASURE Valuers enjoyed business with pleasure as they attended the 15th AVA Congress at tourist hot spot in Bali, Indonesia

Over 400 delegates from seven ASEAN member countries gathered at Bali for the 15th Asean Valuers Association (AVA) Congress. It is the third time that Indonesia has hosted the AVA Congress. Held from 7th to 9th May, the biennial event was officiated by Guest-of-Honour Dr. Ir Sahala Lumban Gaol MA, Deputy Coordinating Minister for Economic Affairs of the Republic of Indonesia The theme for the year’s Congress was “Achieving Valuation Sophistication”. Topics for the plenary sessions include: - Accuracy of Value Opinion; - Valuation for Financial Reporting; - The Role of Business Valuers in the Emerging Economy;

The AVA Congress is held every two years and rotated amongst the seven ASEAN member countries; Brunei, Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam. The Congress provides a valuable platform to share views, networking, interaction, a place to learn, exchange knowledge and information and foster closer fellowship. A pre-Congress meeting is usually held to prepare for the Congress.

Dr Lim with AVA President, Mrs Ami S Soetojo.

The next AVA Congress in year 2010 will be hosted by Thailand while its pre-Congress meeting will be held in Vietnam in 2009.

- Valuation of Distress Property, Plant & Equipment; - Towards Mutual Recognition through CPD; and - ASEAN Role in International Valuation Standard.

Greetings from ASEAN Countries

Brunei

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Cambodia

Malaysia

Philippines

Singapore

Thailand

Vietnam

Indonesia