RICS and APREA partner to jointly promote global standards

Royal Institution of Chartered Surveyors (RICS) and Asia Pacific Real Estate Association (APREA) have announced plans to explore common areas of partnership and collaboration across key markets in the Asia Pacific region. This includes cooperation and promotion for respective industry events and thought leadership efforts as well as promoting international standards and best practices to improve market confidence and public trust in the profession.

RICS President, Chris Brooke FRICS, outlined the objectives of this agreement saying, “Today’s global professional bodies and industry associations have a mandate to advance the public interest agenda and drive industry-leading knowledge and practices for their respective sectors. RICS is fully committed to promoting robust standards in the built environment professions, including compliance, governance and ethics. We look forward to continuing to enhance professionalism and public value through leveraging the expertise and knowledge of our members and experts in conjunction with APREA.”

Sigrid Zialcita, CEO of APREA, highlighted the opportunities around real estate assets, “Urbanisation in the region is already unprecedented in its speed and the scope for investments can only continue to expand. Our pledge for closer collaboration with RICS will allow us to explore opportunities to sustain the momentum for positive change and expand the boundaries for real estate investments across the region’s burgeoning markets.”

Highlighting the growing demand for globalised professional services, Will Myles, Regional Managing Director, RICS, Asia Pacific said, “As today’s globalised economy operates with increasingly cross-border technological, labour and capital flows, we are seeing greater opportunities for professionals with international qualifications, skillsets, expertise and mindsets. Working together with APREA to raise the profile of the real estate industry as well as expand the base of opportunity for property professionals across key markets creates a win-win situation for all.

Hideki Yano, President & CEO, Sumisho Realty Management and Chair of APREA Japan Chapter, said, “This partnership is initiated in Japan where globalisation is now happening and cross-border investments are becoming mainstream. The execution of MOU is just the beginning. I look forward to working together to bring the professional standards in Japan to the next level.” — Construction+ Online