Doesn't reflect true market value.

Maybe property valuer work together with property "investors" to jack up the price with their property "investors" friends for the targeted area?

Ok. Cant really speculate on this because valuers are private consultants with their own methodology to valuate the property prices.
but hey, if the banks trust the valuer's judgement, who are we to say no? then again, banks who gives out home loans are the beneficiaries when the prices are high.

can't believe this is still happening after so many years.

in the end, true home owner wannabe can't afford.

idk. just never a fan of property investment. a roof to stay under should be a basic human right. property should not be an instrument for investment.

Nowadays many young people waiting to move out of Malaysia. The market might be depressed for a good few years. Unless evergreen landed properties like BU, Bukit Jalil, Desa Parkcity, Bandar Tun Razak, OUG, Taman Desa, Robson Heights, Bukit Tungku, PJ then maybe still got market. Cyberjaya, Sendayan, Rawang, Shah Alam, USJ, Puchong a bit too far and oversupplied.

you can thank this dude for the problems today

The effective cost for stamp duty+ S&P, Loan agreement, for RM1mil property is say 4.5%, these "investors" margin target is way higher than 4.5%....
They play the long game. The group probably owns 10 or 20 units in a targeted area. They just need to flip 5 or 6 units among their circle to make a mark on the recent transacted amount.

Property Valuer will appraise the the property based on recent transacted amount within the area and bake in the maximum error margin. Just like that, the rest 15 units of their property price hike.

I'm not so sure whether property valuer negligence is liable to compensate the Malaysia banks. Has it been tested in court?

Yes, valuer do give conservative valuation based on market sentiment.. But what about when the market is skewed by these so called "investors" by doing above?

What processes do valuers include in their methodology to minimize the effect of market skew and give a honest and fair valuation?
In the end of the day, money talks.

property buyers goes to the bank to get the highest amount of loan. bank are incentivized to give out larger amount of loan. banker sends out valuation request to the list of valuers. valuer who gives the highest valuation will be given the job.