KUALA LUMPUR: Professionals such as valuers, property managers and real estate agents have a bright future in line with the growing demand seen in the real estate industry, National Institute of Valuation (Inspen) director Aina Edayu Ahmad said.

She noted that as of the fourth quarter of 2023, the residential stock to be managed and transacted stood at 6.2 million units. This excludes other areas such as shop property stock and industrial property stock.

“Therefore, job prospects in the three professions are bright and abundant, whether in the government or the private sector,” she told Bernama in an interview.

She explained that those working in the industry will not only be confined to helping private buyers but will also provide their expertise to the local and federal governments.

“In the government sector, we cater to the federal government, state governments, agencies and statutory bodies for various valuation purposes including taxation, stamp duties, and acquisitions. We assess the market value for various investment purposes and related matters.

“We also provide data (gathered from the National Property Information Centre) to various agencies, including Bank Negara Malaysia, the Economic Planning Unit, and the Finance Ministry. On top of that, we also provide consultancy to government agencies,” she said.