CHFT and Agility Partners (Member of PhillipCapital Group) Partnership Announcement
Automated Valuation Model Technology Launch
CHFT formed a joint venture with Agility Partners, one of the leading asset management companies in Singapore, to promote the use of Automated Property Model (“AVM”) for appraisal and facilitating banks' mortgage applications.
The AVM utilizes machine learning and data analytics to facilitate data standardization and generating valuation figures. It accelerates the property valuation process and generates a more precise estimation. AVM could be used by banks, property owners, insurance companies, developers, asset management companies, mortgage firms and property management companies. AVM is now currently adopted by DBS Bank (Singapore), Oversea-Chinese Banking Corporation Limited and United Overseas Bank in Singapore. CHFT and Agility Partners aim to promote application of AVM in Hong Kong and Greater Bay Area, and are planning to open up the markets in Korea and Japan.
On 23 January 2019 evening, over 60 guests attended the Partnership Announcement cum AVM Technology Launch. The event started with partnership announcement and contract signing. Demonstration of AVM was followed after that, guests showed their interest in the real operation and raised many questions. Hereby, we thank for their support again.