BOVAEP Valuer TPC case studies
BOVAEP Valuer TPC · Put your knowledge to work in context.
The Test of Professional Competence (TPC) for valuers is the final professional hurdle administered by the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP) in Malaysia. It is designed for candidates who have completed the required academic qualification and practical training and who now seek registration as a Registered Valuer under the Valuers, Appraisers, Estate Agents and Property Managers Act 1981. The BOVAEP Valuer TPC case studies are 5 cases and about 5,901 words.
1A related-party lease that 'makes the numbers work'
A registered valuer receives a mortgage valuation instruction from a commercial bank for a four-storey freehold shophouse in Johor Bahru. The building was completed in 1985 and refurbished in 2023 under an approved building plan, with a CCC issued on completion.
1,099 words, about 5 min2Severance, structures and an unsupportable claim on an oil palm holding
A preliminary notification under s.4 of the Land Acquisition Act 1960 has been issued to acquire 3.2 acres out of a 12-acre oil palm smallholding in Kluang, Johor, for a federal road bypass. The land is held on a 99-year lease with 61 years unexpired, registered to a family-owned company.
1,209 words, about 6 min3Residual appraisal for a Penang redevelopment site
A landowner in Penang asks you to advise on the price to accept for a 2.1-acre freehold site occupied by a 40-year-old single-storey factory. The factory is let to a packaging company until 34 months from now at RM42,000 per month.
1,219 words, about 6 min4A hospital sold 'as a going concern' to a property fund
A property fund is negotiating to buy a purpose-built 96-bed private hospital in Selangor. The land is held on a 60-year lease with 44 years unexpired.
1,006 words, about 5 min5A disposal instruction with a price, a silence and a date already decided
A registered valuer and estate agent is instructed by a state-owned plantation company to value and then market a 350-acre former rubber estate near Seremban for disposal. The company's land officer sets out the terms in a meeting: the agency fee will be 1.5% of the eventual sale price, payable only on completion; the valuation report must 'support' a reserve price of RM120 million because the board has already approved that figure; the report should not mention that 60 acres are occupied by 22 families who have lived there since before 1990, because 'it will complicate the sale'; and the group legal adviser wants the report signed as at the last financial year-end although the inspection has only just been carried out.
1,368 words, about 7 min