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The Valuation and Property Services Department (JPPH) of The Ministry of Finance began as a Valuation Division on 1  June 1957, with the purpose of providing valuation and property services to the government and  its agencies. From  then on, the functions and activities of the Department have expanded to cover many areas of expertise which are relevant and related to the real estate industry.

The head of the Department is the Director General of Valuation, whose functions and duties are stipulated in the Valuers, Appraisers and Estate Agents Act, 1981  (Act 242).  JPPH operates from its branch offices in Peninsular Malaysia, Sabah and Sarawak headed by 14 State Directors and 38 District Valuers.  JPPH Headquarters is responsible for the planning, policy formulation, coordination and monitoring of all activities in the Department.

JPPH has a training and research centre known as the National Institute of Valuation (INSPEN) located in Bangi, Selangor which coordinates the policies and functions relating to personnel training .  It  also carries  out  research and development in the field  of real estate.

JPPH set up the National Property Information Centre (NAPIC) upon the recommendation of the National Economic Action Council on 9 September, 1999.  The Centre collects, collates and disseminates  information  related  to the property industry.

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