Fourteenth Pacific Rim Real Estate Society Conference

Istana Hotel, Kuala Lumpur, Malaysia

January 20 – 23, 2008

“Investing in Sustainable Real Estate Environment”

Welcome From The Conference Organisers

The Institution of Surveyors, Malaysia and the eight leading universities in Malaysia are pleased to welcome you to Kuala Lumpur, Malaysia for the 14th annual PRRES Conference.
Over 90 academic papers will be presented at the Conference. Presenters will meet together at the Conference from many areas of the world including, Malaysia, Australia, New Zealand, UK, Uganda, Taiwan, Singapore, Fiji, Finland, Norway, Hong Kong, USA, Nigeria, Greece, Austria, Germany and India.
We would like to extend our gratitude to Prof. Yu Shi Ming for coordinating the refereeing process, Sr Dr Ting Kien Hwa for organizing the post-graduate student colloquium and to our keynote speakers, the honourable Deputy Minister of Higher Education Malaysia, YB Datuk Ong Tee Keat and Mr Michael Smith of Goldman Sachs. We would also like to extend our appreciation to Mr Lim Ye Jhen, the General Manager of Hektar Asset Management Sdn Bhd for his presentation.

We would also like to take this opportunity to thank our generous sponsors:-

• The Australian Property Institute (API)
• The Property Institute of New Zealand (PINZ)
• The Royal Institution of Chartered Surveyors (RICS)
• EstateMaster Property Software  John Loh & Associates
• TQM Holdings Sdn Bhd
• eNCoral Digital Solutions Sdn Bhd
•  Khong & Jaafar Sdn Bhd
• Knight Frank Ooi & Zaharin Sdn Bhd
• TD Aziz Sdn Bhd
• Metropolis Property Consultants Sdn Bhd
• ICI Paints (Malaysia) Sdn Bhd
• C H Williams, Talhar & Wong Sdn Bhd
• PPC International Sdn Bhd
• Jurukur Bahan Majubina
• QS Focus Sdn Bhd
• Mojigoh Surveying Consultants Sdn Bhd
• National Institute Of Valuation ( INSPEN )

We hope that you enjoy the conference and your visit to Kuala Lumpur and take time to enjoy the sites and experiences while you are here. Kuala Lumpur is a city of elegant colonial architecture interspersed with modern skyscrapers. It provides an exhilarating taste and experience of different cultures, people and food.

Welcome From The PRRES Board

On behalf of the Pacific Rim Real Estate Society Board, I would like to welcome you to our 14th Annual Conference. This Conference is an important opportunity for us to share our research, share our teaching and research experiences and reinvigorate our friendships that are made at these conferences. We most welcome those who have not experienced our friendly conferences in which it is easy to share experiences and enjoy the hospitality. For our regulars I remind you to make our newcomers most welcome.
The Conference theme, “Investing In Sustainable Real Estate Environment” is most appropriate as we observe the fallout from the unsustainable real estate investment in the United States which has flowed through to our finance and share markets.
We thank The Institution of Surveyors, Malaysia (ISM) and the eight leading universities and their staff that have organized the Conference.
I am sure we will enjoy the programme that they have developed for us and the hospitality they have arranged.

DR GEOFF PAGE Executive Director Pacific Rim Real Estate Society

Welcome From The ISM President

On behalf of the Institution of Surveyors, Malaysia, I would like to welcome all participants to the 14th Pacific Rim Real Estate Conference (PRRES). It is worthy to note of the encouraging number of participants from many parts of the world that have committed to meet at this conference, which is held for the second time in Kuala Lumpur, Malaysia.

It is hoped that the conference will serve as a platform for exchanging scholarly ideas and promote meaningful ideas from the presentation made during the sessions. The collaboration between PRRES and the Institution of Surveyors, Malaysia to organize the 14th PRRES Conference is an effort to encourage participations of members from the region especially Malaysia to attend such a beneficial event.

The conference theme – “Investing in Sustainable Investment” is a concept to promote a new global strategy for any decision involving investment and development of real estate. The objective of the strategy is to ensure social, economic and environmental well-being of the current and future generations. As such this conference intends to further promote the concept of sustainable investment and development.

With a list of impressive list of topics to be presented in the parallel sessions and the forum as well as having the privilege of having the keynote address from the Honourable Deputy Minister of Higher Education, I am sure participants will gain benefit from the conference.

I would like to thank the organizing committee comprising members from the eight leading universities offering real estate and surveying courses in Malaysia as well as to the PRRES secretariat from ISM for the hard work for the past year in making the event a success. I would also like to extend my sincere gratitude to the sponsors and others that have assisted us to make this conference a reality.

I wish participants a fruitful and beneficial experience at the conference.

DATO’ Sr ABDULLAH THALITH MD. THANI President The Institution of Surveyors, Malaysia