The government is set to introduce an annual review cycle for commercial land guidance rates to bring greater consistency and transparency to the real estate sector. Currently, revisions to guidance values are infrequent and often fail to keep pace with rapid changes in market conditions, leading to discrepancies between official rates and actual transaction values. By implementing a structured yearly review, the government aims to ensure that guidance rates more accurately reflect prevailing market trends, reduce instances of undervaluation, and enhance the credibility of property transactions.

This move is expected to positively impact buyers, sellers, and investors by providing them with more predictable and updated benchmarks for commercial land valuation. Regular updates would help avoid sudden spikes in rates and enable better financial planning for real estate projects. It would also assist the government in improving revenue collections through more accurately calculated stamp duties and registration fees. Overall, the introduction of an annual review cycle marks a significant step toward fostering a more transparent, fair, and efficient commercial real estate market.