THE HONG KONG INSTITUTE OF SURVEYORS

Code	:	2015075
Event Name	:	Project investment decision making: Can residual valuation distinguish good and bad development projects?
CPD Code	:	Formal Events
Speaker	:	Sr Trackie Lam Kei San (林紀新測量師) Mr Lam is a Member of the,Hong Kong Institute of Surveyors a Member of Royal Institution of Chartered Surveyors, a Chartered Financial Analyst and a Member of Hong Kong Securities Institute. Mr Lam has extensive experience on site acquisition, evaluation and disposal of development projects in urban areas. He is currently Property Investment Director of Soundwill Real Estate Agency Limited a wholly owned subsidiary of Soundwill Holdings Limited, a renowned developer in Hong Kong. He is overseeing the evaluation, acquisition, disposal of and strata-title sales of various development projects and investment projects of the Group. Mr. Lam has over 20 years of real estate experience in Hong Kong and 10 year experience in the PRC. Before joining Soundwill Group in 2009, he was the Senior Director in Valuation and Advisory Services - Greater China in CBRE Limited, an international real estate consultant firm.
Event Date	:	2015-05-29
Event Time	:	7:00 pm – 8:30 pm
Registration Closing Date	:	2015-05-15
CPD Hour(s)	:	1.5
Divisional PQSL Hour(s)	:	1.5
Venue	:	Surveyors Learning Centre, Room 120712/F, Wing On Centre, 111 Connaught Road Central, Sheung Wan, Hong Kong
Division	:	PDD
Organizer	:	PDD
Fee	:	HK$120 for members; HK$150 for non-members (HK$30 walk-in surcharge on all prices listed); Free of charge for student members studying full time (subject to availability)
Priority	:	PDD & GPD Members; First-come-first-served
Language	:	Cantonese supplemented by English
Details	:	Residual Valuation Method is extensively adopted in public and private practices in Hong Kong. In some disciplines, standard template has been adopted as a default decision making tools involving development projects. This authentic valuation method has seldom been questioned. However, if the entire market uses this unanimous valuation method, why the land sales outcomes are often so different from the expert predictions? Can this valuation method distinguish a good project from a bad one? The speaker tries to explain and discuss with you his observations in the deficiency of this valuation method and common mistakes in the application of this valuation method.
Payment	:	HKD 120
Face-to-Face/Zoom	:	Please refer to the remarks

1.	The registration fee is non-refundable and non-transferrable.
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7.	In the event a Typhoon Signal No. 8 or above or Black Rainstorm Warning is hoisted, the event will be postponed and a new arrangement will be announced. Should the aforesaid warnings be lowered 4 hours before the event, the event will proceed as normal.
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9.	The HKIS reserves the right of final decision and interpretation in the case of any disputes.

1.	I confirm that I fully understand and accept the risk of joining the above visit. Under no circumstances shall The Hong Kong Institute of Surveyors ("HKIS"), their staff or agents be held liable for the consequence of any accidents whether or not they are caused by the negligence of the HKIS, their staff and/or agents.
2.	Members participating in the above visit shall be in good health condition.
3.	While the HKIS has arranged Group Personal Accident insurance for members joining the above visit, members who have been accepted for joining the above visit can consider procuring an appropriate insurance policy to cover their own risks before attending the event.
4.	Claims related to COVID-19 and/or pandemics are excluded under the insurance policy procured by the HKIS.