For transactions took place in January 2024, evaluated against our AVM output before transactions happened, we derived the following accuracy
Property | Average Accuracy (%) | Median Accuracy (%) |
SG HDB resale | 96.2 | 97.0 |
SG Condo resale | 95.5 | 96.8 |
SG Condo new sale | 96.5 | 98.1 |
SG Landed sale | 90.4 | 93.1 |
HK Condo resale | 92.1 | 94.3 |
HK Condo new sale | 87.8 | 88.8 |
HK HOS sale | 86.4 | 90.3 |
The accuracy will fluctuate and are monitored weekly. New methodologies will be consistently implemented to improve upon the valuation accuracy. Data drift and change in market might cause the errors to increase but RealValue will be constantly improved to keep up with the fluctuations in the market.
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