With ASEAN, real estate industry becomes more booming and sparkling. More people need the services of credible and reliable real-estate valuers.

1. Valuation Profession in ASEAN
A.B. Agosto, PAREB National Director

4. Country
Total land
area
Total
population
Gross domestic
productprices
km2
thousand US$ million
2015 2015 2015
Brunei Darussalam 5,769 417.2 12,909
Cambodia 181,035 15,405.2 18,463
Indonesia 1,913,579 255,461.7 857,603
Lao PDR 236,800 6,902.4 12,639
Malaysia 330,290 30,485.3 294,390
Myanmar 676,577 52,476.0 65,392
Philippines 300,000 101,562.3 289,503
Singapore 719 5,535.0 291,938
Thailand 513,120 68,979.0 395,726
Viet Nam 330,951 91,713.3 193,407
ASEAN 4,488,839 628,937.3 2,431,969
Selected basic
ASEAN indicators

5. ASEAN Countries Valuation Law and Regulation
Country Governing Law Regulator
Brunei Do not have law and regulation on valuation
Cambodia Book of burden
Ministry of Economics and
Finance
Indonesia
Regulation of the Minister of
Finance Number 125/PMK.01/2008
Finance Profession
Supervisory Center, Ministry
of Finance
Malaysia
VALUERS, APPRAISERS AND
ESTATE AGENTS ACT 1981
Board of Valuers, Appraisers
and Estate Agents
Philippines Real Estate Service Act
Professional Regulation
Commission-PRBRES
Singapore Appraiser Act
Inland Revenue Authority of
Singapore
Thailand Do not have law and regulation on valuation
Vietnam 10 laws that enacted
Price Management Dept.
Ministry of Finance

6. With ASEAN, real estate opportunities becomes more
wider and sparkling.
 With the 6th economy of the world
 More trade and business transactions
 More land to be valued (4, 488,839 sq.km.)
and people (628,937) to be served
They need the services of credible
and reliable real-estate valuers.