Banks knows d best.. problem with valuers is .. they are like some employee..

Lets say a property in north kiara say condo unit A valued for 600k... for d purposes of loan borrowing...

same valuer.. same exact prop.. same unit A .. will be valued mb 500k or 450k or lower for d purpose of auction should d same borrower default loans on the next 6 months upon approval of the loan mentioned earlier.. notice d disctepency would be 10 to 20% from loan valued 6 monthd earlier

valuers should be consistant in their values.. new developments get valued they desired there is not true maa.. suddenly launch in semenyih developers command 500psq... this figure is derived mostly from their expected profits for the whole projects..say land cost 100M.. cost of building 50M.. advertisement.. agents and etv 10M..

so 160M.. then shareholder wants profit at least 50% so total 320M.. the price of d property is adjusted to fit 320M..then come d market price.. 500psq for exp..

subsequently the so called savy investors bought from developers via 500k and freebies lar.. package lar.. etc.. reputation lar.. gardens lar.. then flip another 200k on top.. at least.. yet claimimg another series of market value at 700k to 750k in just 2 years later upon vp..

so actually.. from start the same land mb cost rm 20psq has been speculated or marketed at 500psq by developers and further at 600psq by investors..

1 product cost 200k inclusive of land pricing has been changed hands 2 rounds to become 700k... it is still a 200k product...

does not matter