Real estate education in Malaysia: a new paradigm

Since early 70s, real estate education in Malaysia emphasises on real estate valuation to cater for the needs for Valuation Officer in Ministry of Finance. Shifts in real estate activities from individual to corporate participation however have evolved real estate education towards more dynamic and...

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Main Authors: Mohd. Ali, Hishamuddin, Alias, Buang
Format: Conference or Workshop Item
Language:English
Published: 2006
Subjects:
Online Access:http://eprints.utm.my/1284/1/IRERS_2006_-_Real_Estate_Education_-_Hisham%26BuangNew.pdf
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author Mohd. Ali, Hishamuddin
Alias, Buang
author_facet Mohd. Ali, Hishamuddin
Alias, Buang
author_sort Mohd. Ali, Hishamuddin
collection ePrints
description Since early 70s, real estate education in Malaysia emphasises on real estate valuation to cater for the needs for Valuation Officer in Ministry of Finance. Shifts in real estate activities from individual to corporate participation however have evolved real estate education towards more dynamic and proactive learning process. The paper presents the current issues of real estate education in Malaysia including the consequences of REITs listing, managing corporate real estate for non-real estate companies and the perception of real estate investment with other investment means. In order to cater for the changing needs, real estate education should transform for a new paradigm focusing more on real estate investment and decisions. The direction of real estate education must also emphasise on real estate asset management, marketing, market research and decision-making. Currently, the main shortcoming of real estate discipline is the unstable of real estate data and information which affect real estate decision-making. However, shifting towards a new direction in real estate education requires collaboration from institution of higher learning. This means that institution offering courses in real estate should complement one another. In Malaysia, this was done with the formation of REER (Real Estate Educators and Researchers) forum where educators and researchers in real estate discuss together concerning important issues of real estate education.
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spelling utm.eprints-12842017-09-30T08:50:59Z http://eprints.utm.my/1284/ Real estate education in Malaysia: a new paradigm Mohd. Ali, Hishamuddin Alias, Buang H Social Sciences (General) Since early 70s, real estate education in Malaysia emphasises on real estate valuation to cater for the needs for Valuation Officer in Ministry of Finance. Shifts in real estate activities from individual to corporate participation however have evolved real estate education towards more dynamic and proactive learning process. The paper presents the current issues of real estate education in Malaysia including the consequences of REITs listing, managing corporate real estate for non-real estate companies and the perception of real estate investment with other investment means. In order to cater for the changing needs, real estate education should transform for a new paradigm focusing more on real estate investment and decisions. The direction of real estate education must also emphasise on real estate asset management, marketing, market research and decision-making. Currently, the main shortcoming of real estate discipline is the unstable of real estate data and information which affect real estate decision-making. However, shifting towards a new direction in real estate education requires collaboration from institution of higher learning. This means that institution offering courses in real estate should complement one another. In Malaysia, this was done with the formation of REER (Real Estate Educators and Researchers) forum where educators and researchers in real estate discuss together concerning important issues of real estate education. 2006 Conference or Workshop Item NonPeerReviewed application/pdf en http://eprints.utm.my/1284/1/IRERS_2006_-_Real_Estate_Education_-_Hisham%26BuangNew.pdf Mohd. Ali, Hishamuddin and Alias, Buang (2006) Real estate education in Malaysia: a new paradigm. In: International Real Estate Research Sysposium (IRERS) 2006, 11-13th April 2006, PWTC Kuala Lumpur, Malaysia. (Unpublished) https://www.researchgate.net/publication/267238651_Real_Estate_Education_in_Malaysia_A_New_Paradigm
spellingShingle H Social Sciences (General)
Mohd. Ali, Hishamuddin
Alias, Buang
Real estate education in Malaysia: a new paradigm
title Real estate education in Malaysia: a new paradigm
title_full Real estate education in Malaysia: a new paradigm
title_fullStr Real estate education in Malaysia: a new paradigm
title_full_unstemmed Real estate education in Malaysia: a new paradigm
title_short Real estate education in Malaysia: a new paradigm
title_sort real estate education in malaysia a new paradigm
topic H Social Sciences (General)
url http://eprints.utm.my/1284/1/IRERS_2006_-_Real_Estate_Education_-_Hisham%26BuangNew.pdf
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