Home Real Estate Disgruntled property owners challenge govt. valuation

Disgruntled property owners challenge govt. valuation

by Paul

A group of property owners here want the Valuation and Property Services Department (JPPH) to explain the “over valuation” of their respective properties, after the Land Office slapped them with inflated premiums.

Speaking for the group, Rajesh Mansukhlal, who owns a number of commercial lots here, approached Bukit Gasing assemblyman Rajiv Rishyakaran for help after having appealed to the Land Office several times without success.

These premiums, he explained, were one-time payments for property owners to convert their residential lots to limited commercial land, which would last until their respective leases expire.

Rajesh explained that Rajiv had advised him to get an independent valuation of the land before appealing to the Land Office, which he had then proceeded to do.

Risk Warning:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Related News