In an era defined by rapid digital transformation, valuation professionals are increasingly confronted with the challenge of integrating advanced technologies into traditional workflows. On 10 April 2025, key stakeholders from across the real estate, valuation, and investment sectors convened in Singapore for the IVSC-RICS Roundtable on Technology and Digital Transformation in Real Estate Valuation.
Hosted by Cushman & Wakefield, this by-invitation-only roundtable brought together valuation practitioners, institutional investors, regulatory observers, and business valuation experts to critically examine how artificial intelligence (AI), data analytics, and PropTech are reshaping the valuation of tangible assets. Moderated by Nicolas Konialidis, IVSC’s Asia Director and Technical Director of the Business Valuation Board, the session was structured around three core themes: (1) AI and Data Analytics, (2) Valuing Tech-Driven Assets, and (3) PropTech and Real Estate Innovation.
The discussion was candid, multidimensional, and at times provocative. It shed light on the tensions between innovation and professional judgment, as well as the evolving expectations placed on valuers in an increasingly complex ecosystem. This publication synthesises the key insights and emerging fault lines brought about by the sector’s ongoing digital transition.
Participants of the roundtable include:
- Alden Cheong – Head of Valuation Advisory, Edmund Tie & Company (ETC)
- Anthony Chua – CEO, Real Estate Developers’ Association of Singapore (REDAS)
- Gary Mak – Senior Vice President, Citi
- Govinda Singh – Executive Director, Colliers
- Heng Lee Kwang – Director of Operations, Premas Valuers & Property Consultants Pte Ltd
- Jacob Toh – Deputy Head of Investment, Frasers Logistics & Commercial
- Jimmy Yeung, MRICS MHKIS AAPI – Real Estate Appraisal Lead (International), J.P. Morgan
- Joanna Todd, MRICS – Professional Assurance & Technical Specialist, Royal Institution of Chartered Surveyor (RICS)
- Nicolas Konialidis, CFA, CVA, ASA-BV – International Valuation Standards Council (IVSC) Asia Director & Technical Director of Business Valuation Board (Moderator)
- Ooi Zhao Sheng – Associate Director, Cushman & Wakefield
- Pauline Lim – Head of Investment and Asset Management, Frasers Centrepoint Trust
- Png Poh Soon – Executive Director & Head of Valuation & Advisory, CBRE
Disclaimer: The views and opinions expressed by participants during the roundtable are their own and do not necessarily reflect those of their respective organisations, the International Valuation Standards Council (IVSC), or the Royal Institution of Chartered Surveyors (RICS).