AI application in real estate valuation định

This is the content of a presentation by a representative of Meey Land – a Vietnamese enterprise given in the 1st Russia – Vietnam Forum on Artificial Intelligence (AI) recently held online.

Speakers participating in the Russia-Vietnam Forum on Artificial Intelligence (AI) (photo source VOV.vn) “The information on the market today seems a lot, but the raw data is often very noisy with missing information. Too little data in unpopular areas and there are too many types of real estate” – said Mr. Tran Hoang Tung, representative of Meey Land (Meey Land Group Joint Stock Company). According to Mr. Tung, this leads to difficulties for both the seller and the buyer in finding a suitable real estate, thereby prolonging the real estate transaction time, especially for those who perform real estate transactions. transaction for the first time. “There is not enough information to give an appropriate selling price for the seller, or to have a reasonable financial plan for the buyer,” a representative of Meey Land shared. Currently, the selected solutions are: Find real estate experts, brokers, and search for information on the internet. However, these methods require a lot of time, skill and are difficult to verify information. According to the representative of Meey Land, these problems can be solved by applying Artificial Intelligence (AI) to the research and analysis of market data. “By analyzing data, we can solve two things. Firstly, find out the important factors affecting real estate prices: area of ​​use, value, location, contractor/investor, number of bedrooms… Second, group of properties properties with similar factors to determine the price range of real estate in a short time without human intervention “- Mr. Tung shared. Mr. Tran Hoang Tung – Director of AI Project is presenting on “Application of AI in real estate valuation” The application of Artificial Intelligence (AI) in the valuation of real estate assets is part of an overall problem of 26 products/utilities launched by Meey Land with the ambition of solving problems in the real estate market. real estate by applying technology in activities and transactions. “The systematization of data by Meey Land’s AI will help make the real estate market more transparent, shorten transaction times and increase liquidity,” said a representative of Meey Land. In addition to the sharing of the Vietnamese representative, Meey Land, the 1st Russia – Vietnam Forum on Artificial Intelligence (AI), there were many other important contents that attracted the attention of attendees. Events like this forum promise to strengthen cooperation between businesses and organizations of Vietnam and the Russian Federation in the field of information technology in general and artificial intelligence (AI) in particular.