The Impact of ChatGPT's Popularity on the Real Estate Industry

ChatGPT掀熱潮於房地產領域的影響

隨著人工智能開發漸趨成熟，近日成為商界焦點的ChatGPT再次掀起市場對人工智能的討論。早於數年前，歐美有不少致力於房地產人工智能應用的初創科技公司創立，其中不乏重點開發人工智能驅動的商業房地產財務分析平台。

人工智能可分析相關的可變因素，包括市場趨勢，開發項目的財務模型、建築法規、土地出讓合同的規條、規劃法規，以及相關政府部門過往的審批案例等，便可在彈指之間，剖析不同建築設計方案和不同情景的財務分析，從而得出地產項目的最高且最佳使用(Highest and Best Use)方案。這加速了投資者的決策過程，也節省了產業測量師在數據收集和研究法例的時間。

另一個應用是以人工智能驅動的智能估值模型（“AVM”）來處理房地產的估值。以香港的房地產估值市場為例，房產估值一般由產業測量師專責處理，也正在面臨新興的AVM之衝擊。筆者認爲，AVM或可令機構投資者，銀行及監管機構等，有一個風險控制的可能，撇除專業人士的人為錯誤及操縱，長遠來說能使資本市場穩定安全。

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The Impact of ChatGPT's Popularity on the Real Estate Industry

With the maturation of artificial intelligence development, ChatGPT, which has recently become the focus of the business world, has once again sparked discussions about artificial intelligence in the market. Several years ago, many startup technology companies in Europe and the United States were dedicated to applying AI in real estate, including the development of commercial real estate financial analysis platforms driven by AI.

Artificial intelligence can analyze various variables related to real estate, including market trends, financial models of development projects, building regulations, land lease contract rules, planning regulations, and past approval cases of relevant government departments. By doing so, it can quickly analyze financial analyses of different building design schemes and scenarios, thus arriving at the highest and best use plan for real estate projects. This accelerates the decision-making process for investors and saves the time of estate surveyors in data collection and studying legal regulations.

Another application is the use of an artificial intelligence-driven Automated Valuation Model (AVM) to process property valuations. Taking the Hong Kong real estate valuation market as an example, property valuations are generally handled by industry surveyors but are also facing the impact of emerging AVMs. The author believes that AVMs may provide institutional investors, banks, and regulatory agencies with a possible risk control, aside from human errors and manipulation by professionals, which can ultimately stabilize and secure the capital market in the long run.

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HKBT

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