An overview of intellectual property from the property valuers’ perspective / Husna Faeza Hardi and Nor Azalina Yusnita Abdul Rahman

The paper discusses the increasing importance of intellectual property (IP) and focuses on the overview of IP from the property valuers’ perspective. To identify the need for valuing IP, the researchers conducted a literature review of existing research. Subsequently, a questionnaire survey is conducted involving 81 private and government valuers in Sarawak to gauge their knowledge, perception, and opinion on IP. The findings highlight that property valuers in Malaysia can enhance their understanding and knowledge of IP by participating in training programs and workshops organized by the Intellectual Property Corporation of Malaysia (MyIPO). While the valuers demonstrate a solid understanding of intellectual properties in general, their knowledge specifically regarding IP valuation is relatively limited. The challenges faced by IP valuers include the novelty of IP valuation as a concept, a lack of awareness and information about the value of intellectual property assets, and the potential for overlooking their significance. The intangible and complex nature of intellectual property assets further complicates their valuation process. However, the property valuers are open to collaborating with IP experts and express a willingness to incorporate their expertise into the valuation process. The survey respondents also indicate their interest in undergoing IP trainings and examinations provided by MyIPO. This paper serves as a valuable resource for relevant authorities to understand the perception of property valuers regarding IP valuation and provides support for the development of IP valuation models in Malaysia as a whole.