Real estate "matrix"

The price parameter is an important factor in real estate investment, but it is the most difficult to access and appraise. Vietnam has hundreds of sites in posting properties for sale and lease along with thousands of groups on social networks, advertisements, spam messages via phone/ email and more. The same real estate product is sold in many different sites with various prices.

For land plot projects, in some areas where planning information is leaked, many brokers increase land prices. In the secondary market, dark, false information, shortcomings and unverified prices make buyers lost. These created dark areas for Vietnam's real estate, hindering the professionalism and growth of the market.

Online valuation tool - Solution for the real estate market

Recently, a number of proptech startups in Vietnam have developed online valuation tool. Thanks to these platforms, sellers and buyers can easily access accurate information so that transactions become more convenient and quick.

However, most platforms often use online valuation tool that is manually updated. Therefore, prices often fail to keep up with the price trend and do not have high accuracy.

To solve that problem, Cen Homes - "Make in Vietnam" platform made a difference thanks to technology and online valuation tool. At https://gianhadat.cenhomes.vn/, users can easily appraise real estate products with fast, accurate results free. Customers wish to use the fee-based valuation service to receive certificates by Cen Value.

Online valuation tool based on a huge database & modern technology of Cen Homes

Cen Homes: Real estate valuation based on AI and Big Data algorithms

Cen Homes is using Big Data technology to build a large real estate database including address, location, area, actual images, plot map and planning map. All data on Cen Homes is provided by users and is the company with the largest and most detailed Big Data in Vietnam.

Along with data collection and cleaning including public data on the Internet, map data and valuation data from Cen Value experts - the leading appraisal company in Vietnam, appraisers and AI (artificial intelligence) will offer suitable prices for real estate products.

In Cen Homes, one of the popular features is that the users just need to enter the address to find the real estate value. This price appraisal will be updated automatically when input information is adjusted. The results are accurate to over 90 per cent of the actual value and recognized as a highly accurate method.

Useful information when typing the exact address

With the feature of property details, users only need to type in the exact address, information about the property will be displayed in detail. In addition to information on real estate prices, Cen Homes provides many information related to the location, actual image of the house, road, direction, type of building, price chart, rental, offering in the area, planning maps, cadastral information, facilities and amenities.

The difference of Cen Homes from other applications is in the heat map that shows the prices by area. The price database is included in the analysis, thereby providing information such as price charts over time of each area, price fluctuation and more. Thus, buyers/ sellers can learn about the real estate context in the areas where there is great potential for development. Investors as well as owners have more databases before making decision on investment.

With Cen Homes' online valuation tool, buyers and sellers get maximum support. The tool also effectively supports the bank in reference to real estate value. Some banks and financial institutions have trusted to use Cen Homes' online valuation tool.

Cen Homes is considered as the pioneer proptech platform in the process of digitization according to the inevitable trend of Industry 4.0. After Cen Land acquires Cen Homes, Cen Homes is expected to become the first unicorn in this field in Vietnam.

Next April, Cen Homes will officially launch the online valuation tool with technology updates to improve quality and optimize user experience in searching and appraising real estate products.