IPMS roundtable addresses industry issues

Tue, 08/09/2016 - 11:58

By China

RICS, a member of the IPMS Coalition, hosted a round table discussion on International Property Measurement Standards (IPMS) with the Lenovo Group. Representatives from the top 500 corporations including Heng Seng Band and DuPont also attended.

Dr Pierpaolo Franco, RICS Managing Director of China has pledged that RICS and its members will continue to consistently deliver standards at the roundtable discussion.

Stefanie Sun, RICS Associate Director in Valuation further addressed the challenges that the built environment is facing. 70% of global wealth is invested property, according to World Bank, but valuations are based on inconsistent measurement data. The aim of IPMS is to meet the requirements of users of property for consistency in measurement. So far, several governments have adopted IPMS including the UK and Dubai, as well as organizations and corporations including IMF, Deutsche Bank, Shell and Manulife.

Mario Jiang, Director from CoreNet Global shared his professional point of views on space planning, allocation and management. He emphasised the importance of benchmarking in China. It offers he most cost efficient practice, speeds up reform and transformation, provides cross industry solutions and optimises daily corporate maintenances.

The round table discussion was well received by all parties and all representatives look forward to working together in the future.

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