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AI-enabled portal UrbanZoom aims to improve housing market data transparency

Published Sun, Mar 11, 2018 · 09:50 PM

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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