SGX to review listed issuers' valuation practices

It will be forming a committee with the Singapore Institute of Surveyors and Valuers.

Singapore Exchange (SGX) and the Singapore Institute of Surveyors and Valuers (SISV) are jointly reviewing valuation practices and the reporting carried out by real estate valuers that listed issuers engage.

SGX head of listing policy & product admission Michael Tang said this is to ensure the safeguarding of investor interest and maintaining confidence in the REITs and business trust.

"SGX is committed to collaborating with the entire eco-system to improve governance and disclosure. We welcome this opportunity to work with the SISV to review valuation practices and how valuers come up with valuation reports. We believe investors will benefit when valuation reports contain clearer information on methodology and key assumptions,” he said.

SGX and SISV are forming a committee to carry out the review. The committee comprises representatives from various stakeholder groups as detailed in the Appendix.

The Committee will be tasked to identify and recommend enhancements to the disclosure framework for real estate valuation and reporting in Singapore.