AI-enabled portal UrbanZoom aims to improve housing market data transparency
Singapore
TECHPRENEUR Michael Cho believes that the man in the street should have equal access to housing market intelligence as the real estate agent - and for free.
That was the motivation that drove him to create UrbanZoom - an online artificial intelligence (AI) enabled research portal that includes an auto-valuation tool and other useful transaction data designed to be user-friendly for home buyers and sellers in Singapore.
UrbanZoom is decidedly not a listing portal, since that space is over-saturated, with even the likes of Carousell Pro and Facebook Marketplace having entered the space. This makes it difficult to innovate, value-add or compete on that front, he says.
Rather, one of the main things that UrbanZoom focuses on is its AI engine that automatically spins up a price prediction for a specific home based on its address by relying on more than two decades worth of transactional data, and other macro and mi…
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