Real estate comprehensive service corporations RealtyPlanet said on the 27th that it unveiled the "AI land equity" service, which provides land right area and ratio information by building/ floor/ unit for apartments and multi-unit row houses nationwide.
RealtyPlanet has so far provided "AI market price" information by building/ floor/ unit for apartments and multi-unit row houses. The new service combines that with land equity information analyzed by AI, making it easier to intuitively understand land right areas and ratios by building/ floor/ unit based on the building register.
"AI land equity" secures data consistency through verification processes such as Natural Language Processing (NLP) and similarity analysis based on RealtyPlanet's own algorithm, and also provides trust levels evaluated by degree of consistency, categorized by grade. Another feature is a visualization method reflecting the building structure to enable comparison and analysis that take into account the location and characteristics of individual units. This allows users to review existing AI market price information together with land equity information for more efficient information retrieval.
The new service is expected to improve work efficiency not only for general users but also for expert groups such as developers reviewing the profitability of redevelopment and reconstruction projects, financial institutions, and appraisers. In particular, even for buildings with similar prices, profitability can vary depending on land equity, so demand for related information is projected to grow steadily.
Jeong Su-min, CEO of RealtyPlanet, said, "The newly launched 'AI land equity' service will provide not only land equity information by building/ floor/ unit for apartments and multi-unit row houses nationwide, but also trust grades according to data consistency, offering practical help for users' decisions."