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Property deals boost as private firms allowed to do valuations
Treasury secretary Ukur Yatani has, through a fresh subsidiary legislation, allowed chief government valuer to appoint private practitioners to conduct property valuation on behalf of the government. FILE PHOTO | NMG
Private valuers will now be allowed to process property deals for the purpose of stamp duty in a historic shift that will speed up transfer of land and buildings.
Treasury secretary Ukur Yatani has, through a fresh subsidiary legislation, allowed chief government valuer to appoint private practitioners to conduct property valuation on behalf of the government.