30 Mar '15, 10am

Bear in mind X-value is just a tool that tries to give a "guesstimate" of market value. There are still factors...

SRX Property's X-Value combines big data and computers to give you a single point. Developed with government agencies, academics, and valuers, it sources from the nation’s most comprehensive property database and instantaneously calculates a single value for every home in Singapore using best practices methodologies including comparable market analysis. As a computer-driven price mechanism, X-Value, factors in all the comparables and adjusts for important variables like location, size, floor, and age. It also factors in macro trends from its proprietary price indices; and important on-the-ground information from thousands of market participants interacting with SRX Property apps and pricing data on a daily basis. It’s impossible for a human, even if it had access to all SRX Property’s raw property and geospatial data, to do what a computerized price mechanism does in secon...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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