Singapore

SRX PROPERTY has launched a full valuation system called "SRX V-8", which it believes will fill a few gaps in the real estate market.

Firstly, it will make valuations less costly and therefore accessible to retail users. Traditionally, valuations have mostly been done by institutions. SRX says its service costs less as it is able to do more valuations than conventional valuers due to its use of big data and technology. This results in economies of scale.