Is regulatory framework for valuation industry adequate?

THE review of valuation and reporting practices that real estate valuers adopt in their work for listed companies is laudable given its stated aim of ensuring quality valuations to safeguard investor interest.

But the joint effort by the Singapore Exchange (SGX) and the Singapore Institute of Surveyors and Valuers (SISV) brings to the fore a bigger question: Is the existing regulatory framework for property valuers adequate given how valuations have far-reaching influence in transactions and decision-making?

The v…