CHFT launches Automated Valuation Model
Strategic partnership with PhillipCap Group
Hong Kong — CHFT Advisory and Appraisal Ltd (CHFT) announced today a strategic partnership with Agility Partners, the real estate consultancy arm of Singapore-based PhillipCapital Group to develop a pioneering automated valuation tool, called Automated Valuation Model (AVM), which provides accurate asset valuations to global firms, institutional investors, banks and other listed clients in Asia Pacific and around the world.
Under the terms of the new partnership, CHFT and Agility Partners will join forces to bring AVM to the Hong Kong–Macau–Guangdong Greater Bay Area and the wider Asia Pacific market. Agility Partners will provide technical support for CHFT, which will leverage its experience and client network to drive AVM adoption.
CHFT’s AVM uses artificial intelligence (AI), big data and blockchain technology to streamline the entire valuation process. Its proprietary algorithms compare valuations from multiple and varied sources at a single point in time and then instantly provide an accurate appraisal. This helps companies make more informed decisions, grasp opportunities more quickly, and mitigate risk to stay competitive in a fast-paced business environment. The innovative technology is used to generate valuation reports on real estate, business equity, infrastructure, plant and machinery, intangible assets, and other asset classes for fundraising and financial reporting purposes.
CHFT exclusively serves over 200 listed companies, providing all types of asset valuations, including real estate tangible and intangible assets. Its clients run the gamut from new economy companies to global firms, and span industries such as real estate, banking, manufacturing and technology. CHFT’s comprehensive market study analysis reports, supply and demand projections, market trend studies and other related business services are widely recognised for their world-class quality.
One of Hong Kong’s top valuation advisory companies, CHFT has regularly championed the use of financial and property technology solutions – Fintech and PropTech – in the professional capital market valuation services sector in Hong Kong. It developed its new AVM technology in partnership with its strategic investor Fonto.
Fonto is an independent property technology investment and development firm with a particular focus on PropTech. It is providing technical support for the launch and ongoing development of CHFT’s AVM and has introduced blockchain technology to strengthen the firm’s mortgage property valuation capabilities.
As CHFT continues to grow as a digital business, two senior Fonto executives have also stepped into new roles in the firm. Mr. Leo Lo, the renowned PropTech pioneer who co-founded Fonto, is now Managing Director of CHFT, and Ms. Stella Law is now an Executive Director of CHFT, overseeing the firm’s technology-driven asset valuation operations.
“CHFT is taking bold steps to introduce and apply the latest FinTech and PropTech advances to complement its professional expertise, in line with its forward-looking culture,” Mr Lo said. “By entering into close partnerships with Fonto and Agility Partners and enhancing its capabilities with AVM, CHFT will not only boost its domestic operations in Hong Kong and Mainland China, but also expand its footprint in Asia Pacific and international markets.”