Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS).
PEPS provides a vital link between professional valuers, property managers, estate agents and property consultants in private practice and the various Ministries of the Government particularly the Ministry of Finance, the Ministry of Housing & Local Government and the Ministry of Natural Resources & Environment. PEPS is represented on the National Consultative Committee on Housing (NCCH) and the Consultative Panel of the Director General of Land & Mines (KPTG).
PEPS is represented in the Valuation Consultative Panel (VCP) and Estate Agency Consultative Panel (EACP) of the Valuation & Property Services Department in the Ministry of Finance and most recently, the Economic Council Focus Group on Strategies to Promote Growth of the Construction Sector under the Economic Planning Unit of the Prime Minister's Department.
PEPS has also been instrumental in presenting the views of professional valuers and property consultants in private practice to the Government and the Board of Valuers, Appraisers & Estate Agents Malaysia on matters affecting the real estate industry such as land policy, real estate valuation, development, acquisition and disposal. As one of the market intermediaries, PEPS is often called for briefing or dialogue by the Securities Commission on a regular basis.
Over the years, PEPS has organised a series of exhibitions, seminars and conventions on property related matters. Its members are sought to give talks on current issues pertaining to the real estate industry. PEPS co-organises the annual National Real Estate Convention (NREC) with RISM. PEPS, together with the University of Malaya, had organised the World Valuation Congress, held for the first time in Kuala Lumpur in 2006 and attended by over 100 foreign and local delegates. PEPS also organizes the annual Malaysian Property Summit to provide the Malaysian public an insight to the current Property Market Outlook which is now into its 10th Year.
PEPS and the Edge came up with the inaugural The Edge-PEPS Value Creation Excellence Award in 2010 and this award is presented at the Edge Property Excellence Awards night every year in October. The award is an exercise to measure the capital appreciation of properties between the property developers' selling price and the subsequent resale price in secondary transactions. The award is given to the property developer whose properties have the highest capital appreciation. The exercise aims to help consumers discover which properties have the greatest value creation in terms of capital appreciation and to recognize the property developer whose properties have achieved the highest value creation.