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Govt to study discrepancy in property valuations between public and private sectors

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KAJANG: The government will look into narrowing the differences between property valuations done by the public and private sectors, says Lim Guan Eng.

The Finance Minister said the differences could be because of the different methodologies employed by the Valuation and Property Services Department and private sector valuers.

This was so that property valuations that accurately reflect the property market could be made, he added. Meanwhile, LIm also said that under the Home Ownership Campaign , which runs from January to June this year, early registration for properties worth RM9bil had been recorded. "This is not the value of purchases made, but early registration for those who indicated an interest in the property," he said.

 

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