Education on plant and machinery valuation for the real market : Malaysian practicality

Mohd Nasir, Abdul Rahman, Eves, Chris, & Yusof, Yusdira (2012) Education on plant and machinery valuation for the real market : Malaysian practicality. In Rossini, Peter (Ed.) Proceedings 18th annual Pacific Rim Real Estate Society Conference, Pacific Rim Real Estate Society (PRRES), University of South Australia, Adelaide.

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Abstract

The purpose of this paper is to determine and discuss on the plant and machinery valuation syllabus for higher learning education in Malaysia to ensure the practicality of the subject in the real market. There have been limited studies in plant and machinery area, either by scholars or practitioners. Most papers highlighted the methodologies but limited papers discussed on the plant and machinery valuation education. This paper will determine inputs for plant and machinery valuation guidance focussing on the syllabus set up and references for valuers interested in this area of expertise. A qualitative approach via content analysis is conducted to compare international and Malaysian plant and machinery valuation syllabus and suggest improvements for Malaysian syllabus. It is found that there are few higher education institutions in the world that provide plant and machinery valuation courses as part of their property studies syllabus. Further investigation revealed that on the job training is the preferable method for plant and machinery valuation education and based on the valuers experience. The significance of this paper is to increase the level of understanding of plant and machinery valuation criteria and provide suggestions to Malaysian stakeholders with the relevant elements in plant and machinery valuation education syllabus.

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ID Code: 54309
Item Type: Conference Paper
Refereed: Yes
Keywords: plant and machinery, plant and machinery valuation, plant and machinery education
Subjects: Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > OTHER BUILT ENVIRONMENT AND DESIGN (129900) > Built Environment and Design not elsewhere classified (129999)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > COMMERCIAL SERVICES (150400) > Real Estate and Valuation Services (150403)
Divisions: Current > Schools > School of Civil Engineering & Built Environment
Current > QUT Faculties and Divisions > Science & Engineering Faculty
Copyright Owner: Copyright 2012 Please consult the authors.
Deposited On: 30 Jan 2013 01:39
Last Modified: 01 Feb 2013 17:30

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