Value the valuer’s work, say groups, as backlog cases hit RM15bil

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Without a valuer’s report, no transaction can proceed for mortgage purposes or for the purchase of property, plants and machinery.PETALING JAYA: Despite the record number of new Covid-19 cases, research analysts are positive about the broad economic recovery for the second half of 2021.UOB said the market has already “priced in the political instability” and that the Covid-19 vaccination programme “takes precedence” over politics.AmBank Research is also positive about the banking sector. The positive call for the sector is significant because in the event of an economic fallout, banks would be the first to take the brunt of things.Against this backdrop, the purchase of properties – a big-ticket item – may see a rise, and it will need valuers to prepare valuation reports for financing purposes by buyers and investors. Already, they have not been going for site inspections since …