Paula Daniva Raqeukai

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Location: Suva City, Republic of the Fiji Islands
Work: The Importance of Intangible values on land in terms of compulsory acquisition and how to quantify intangible values for fair & just compensation
Biographical: Phone Home: 3321946 Mobile:9206310 PO Box 5133, Raiwaqa Office (USP): 3232469 Email:pdraqeukai@live.com Paula Raqeukai at his home office Paula Daniva Raqeukai Personal Details Date of Birth: 15th October 1968  Place of Birth: Lakeba Village, Saqani, Cakaudrove  Married Status: Married with two children (8 years old son & a 23 months old daughter)  Passport Number: 668709  FNPF Number: OV520 Education 1999 – 2000 University of South Australia, Adelaide  PG Diploma in Business (Property)  Currently researching on two minor research papers to complete M. Business (Property) program by 31 April, 2009 1987 – 1990 University of the South Pacific, Fiji Islands  Foundation Social Science 10 units B+ Grade  B. A. in Land Management & Development  Best Valuation Graduate Student & Best Overall Land Management Graduate Student – 1990 1981 – 1986 Queen Victoria School, Tailevu, Fiji Islands  Fiji Junior Passed B+ Grade - 1984  New Zealand Certificate Passed B Grade – 1985 ▪ New Zealand University Entrance Passed C+ Grade – 1986 Objectives To contribute effectively to the overall property profession in the Fiji Islands especially in the areas of valuation, land tenure, land surveying, mapping & land information; and also to provide academic/education/counseling assistance to the Real Estate profession at the national & university level Current Work Status Assistant Lecturer (Valuation) at USP Jan 2005 - current: commenced as an academic (Temporary Tutor) since March 2005 and promoted to Assistant Lecturer in June 2008. Currently lectures on 3 valuation subjects (RE101-Real Estate Principles; RE205-Real Estate Finance & Investment Analysis; RE307-Real Estate Valuation II) Other Work Experience Other Work Experience Other Work Experience Jan 2004 – Nov 2004 Appraisals Pacific Limited – Valuation Consultancy Firm Senior Valuer – Suva Office Managed its Suva Office and provide all valuation & property consultant services to all commercial banks and other financial institutions. Major valuation works include the followings: 1. mortgage security valuations 2. mortgagee sale valuations 3. market valuations 4. buying and selling valuations 5. insurance valuations 6. compensation valuations 7. capital transfer tax valuations Jan 2002 – Dec 2003 University of the South Pacific, Laucala Bay Campus Housing Officer  Assistant Head of the USP Housing Department: 2002 - 2003  Developed Spreadsheet Housing Schedule – currently adopted by USP.  Market Rental assessment  Negotiation of rents with private landlords  Provides lease agreement on behalf of USP  Management and maintenance of USP rental quarters  Provides annual budget of expenses and income  Decreased Housing Expenses from $200,000 to $80,000 within 2 years 2001 Northern Property Consultants Limited, Alice Springs, NT, AUSTRALIA Senior Valuer  Commissioned the NPC Valuation Department in July 2001  Developed Spreadsheet Valuation Schedule – currently adopted by NPC and provides valuation in the following area 1. mortgage security valuation for home loan purpose 2. mortgagee sale valuations 3. insurance valuations 4. buying and selling valuations 5. compensation valuations  Increased valuation turnover from $0.300 million to $0.650 million while using API Property Pro software within a year 1998–1999 FRUP III, PWD Government of the Republic of the Fiji Islands Senior Valuer  Commissioned the Savusavu Town-Nacavanadi Highway Compensation Valuations (23 Kilometers Road)  Developed Spreadsheet Valuation Schedule  Developed a Standard Compensation Valuation Report Format-currently adopted by the State. Major valuation works include the following: 1. compensation valuations 2. negotiation with landowners regarding government acquisition 3. form team work with road engineers and ADB officials in regards to budgeting and time management of the overall project 4. form team with legal expert as state witness on any land acquisition court cases 1998 Fiji Trade Investment Bureau, Kalabu Tax Free Zone Senior Property Officer  Assisted in the development of the KTFZ Property Management Unit  Managed an Asset Value of $F5.5 million in KTFZ  Responsible for the increased of Tenant’s Occupancy Rate from 80% to 100% within 4 months 1992–1997 University of the South Pacific – Laucala Bay Campus Assistant Property Manager  Assisted in the Commissioned of the USP Property Management Unit  Provided sound property & facility management of all USP regional tangible assets including its market & insurance valuations;  Managed a total asset value of FD$240 million of all USP regional tangible assets as at January 1997;  Duties include day-to-day operations of all facilities & service contracts (Laucala Campus); preparation of annual maintenance budget (all regional centres); preparation of scheduled of maintenance cycles; systematic storage & registration of all USP building plans and land titles; supervision work of all technical assistants; management & insurance valuations; provide quarterly reports to the Director of Physical Planning & Facilities 1991–1992 Harrison & Grierson Consultants Limited – A New Zealand Multidiscipline Firm (specializing in the areas of land surveying, civil engineering, town planning and valuation) Graduate Valuer  Implemented valuation analysis techniques using excel  Valuation of all types of real estate assets in the Fiji Islands  Valuation types include – market, insurance, asset valuation for financial purpose; land acquisition & compensation; rental & market study; plant & machinery; court litigation purpose & expert witness in compensation cases  Update and systematic storage of monthly sales data base on computer Professional Membership 1. Member of the Fiji Institute of Valuation & Estate Management (FIVEM) 1995 – 2009 2. Registered Valuer No. 75 (Fiji Registration Board – Valuers Act 1986) since 12 April 1995 3. Student & Graduate Member (API): 2001 – 2008 Major Valuation Projects Undertaken (Practical Experience) (i) Valuation of USP Assets: 1992 - 1997 (ii) Land Acquisition Valuations – Savusavu/Buca Bay Highway Road 1999 (iii) Land Acquisition Valuations – Alice Springs Highway, Northern Territory, Australia, 2001 (iv) Valuation of Housing Authority Eastern/Central Division Residential Assets 2001 (v) USP rental properties – valuation for rental purpose 2002 (vi) Valuation of Home Finance Mortgagee Sales Residential Assets (Central Division) 2004 (vii) Yatulau Company’s asset valuations - 2004 (viii) Denarau Marina Retail Commercial valuations (joint exercise with an Australian Leading Valuation Company – Jones Lang Lasalle) – 2005 (ix) Public Trustee of Fiji Corporation Ltd Asset Valuations for Probate Purpose, 2005 - 2006 (x) FIT Proposed site – valuation for compensation purpose - 2006 (xi) Rural valuations of major Tailevu dairy farms – FDB purpose, 2006 (xii) Residential valuations in the central divisions – Home loan purpose FDB, 2006 (xiii) Valuations of all Public Rental Board Assets – 2006 (xiv) Valuation of Airports Fiji Limited Land in Nadi – 2006 & 2007 (xv) FDB Valuations of Dairy Farms for mortgage security - 2008 purpose - 2008 Academic Experience (i) Assistant Lecturer/Tutor RE101, RE205 & RE307 – Department of Land Management & Development (Faculty of Islands and Oceans) – Jan 2005 to current: (ii) Tutor (Land Management Department) USP – RE101 – Valuation Principles; & RE103 – Principles of Land Tenure System: Semester 1 & semester 2 2005 (iii) Part-Time Tutor (LMD) USP - RE205 – Finance & Investment Analysis; & RE208 – Real Estate Management & Agency Practice: Semester I & II 2005 (iv) Part-Time Tutor (Land Management Department) USP – LM101 Course – Introduction to Valuation 2nd Semester 1993 (v) Presented a paper on “the assessment of intangible value for compensation of customary lands in Fiji” – Good Governance in Land Tenure Conference at USP (July 2008) Extra Curriculum Activities (i) National Secretary – Fiji Amateur Boxing Association 2005 – 2008 (ii) Treasurer of the Lakeba Village (Saqani) Community Project Development 2005 – 2009 (iii) Chairman of the Vunisekoula Farm Co-operation – a family village based farm project & land management since 2005 Interests 1. Currently doing some Research into Native Land sustainable development in the Fiji Islands and Valuation of Compensation for major land developments in native reserve land including its intangible values; 2. Also interest in doing research into the “value effect” if any of valuable tropical trees such palm & coconut trees to residential property in the Fiji islands; 3. Interested in the modeling of property sales data research using modern software techniques such Eviews6 and Excels 4. Jogging & going to the gym, gardening, youth & community development, computer programs and going to church Police Record No Police Record Referees 1. Mr. Paula Baleilevuka – Acting Director of Roads PWD, Level 1, Naisilivata House, Samabula, Suva; Phone: 3384111 2. Mr. Hassan A – Senior Valuation Lecturer Department of Land Management & Development, Faculty of Islands and Oceans; Phone: 3231000; email address: hassan_m@usp.ac.fj 3. Mr. Kerry Hilton Stewart – Manager National & Asset Valuations, PO Box 3698, Auckland, New Zealand; Telephone: 09-3753838; Fax: 09-3753820; email address: Kerry.Stewart@qv.co.nz