13 Sep '17, 4am

Wong urges real estate industry to embrace digital innovation

National Development Minister Lawrence Wong. (Photo: Wikimedia Commons) National Development Minister Lawrence Wong has urged valuers in Asean countries, including stakeholders in the real estate industry, to embrace digital innovations, reported the Straits Times . Unlike the media distribution and travel industries, digital innovation has not had much impact on the retail sector. Nonetheless, things are beginning to change, noted Wong. SEE ALSO: How technology will transform Asean’s property market He pointed to the Canada Mortgage and Housing Corporation, which leveraged on its property information database to develop an automated risk assessment system. “The real estate industry, including the valuation sector, must adapt to change, and transform in the face of digital innovation,” said Wong at the launch of this year’s Asean Valuers Association Congress at Goodwood Pa...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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