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CCCS Concludes Investigation into Alleged Anti-Competitive Conduct in the Property Valuation Industry Following Changes by SISV to Foster Greater Competition and Technology Embracement in the Industry

2020, Singapore, Other

The Competition and Consumer Commission of Singapore (“CCCS”) has concluded its investigation into alleged anti-competitive conduct by the Singapore Institute of Surveyors and Valuers (“SISV”)[1], following steps taken by SISV to promote greater competition, innovation and use of technology in the property valuation industry. These steps, including a revision of its byelaws and a reiteration of its support for the use of technological tools in the performance of property valuations, have addressed competition concerns raised by CCCS.

Read the full media release here.