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In 2018, the team has launched their internal valuation system, tapping on the various up-to date technologies. This internal valuation system helps our valuers to improve work productivity and streamlined work processes, reducing the traditional valuation manual work and also going paperless by issuing e-valuation reports to our clients. The team aims to further enhance the system and be the first valuation firm to automate the whole valuation processes, which enables us to deliver the valuation reports in a shorter time frame for standard properties.

The team, in recent years, is actively involved in rental valuations for statutory boards for various property types and purposes. Examples would be the rental valuation of ATMs, vending machines, advertising, event spaces and unique properties. The valuers will analyse, adopt different methods of valuation in assessment, if there is lack of data in the market, our valuers will conduct in depth market research analysis and conduct data collection from various sources to derive the true value of the property in the current market. In recent years, we have also seen an increase in requests from private owners to obtain fair rental value of their properties.

In this fast-paced digital era, banks are embracing new technology to speed up the home loan process for homebuyers. With this objective in mind, United Overseas Bank (UOB) entered into an exclusive partnership with CKS Property Consultants to develop an Automated Valuation Model (AVM) in support of its digital real estate ecosystem.

The AVM is a software program that uses robust methodology and sophisticated algorithms to instantly generate an indicative value for a specified property. Using proprietary algorithms that have been rigorously built and tested by a team of licensed appraisers and based on latest transactional data, the AVM allows users quick and easy access to indicative valuations for their residential properties anytime, anywhere.

In 2018, UOB successfully launched the UOB Home Solution platform, featuring the first bank-backed instant property valuation service in Singapore, developed by CKS.