PROXY PRICE
ProxyPrice is a form of Automated Valuation Model (AVM) developed to provide an automated estimate of a Subject Property’s Current Market Price. AVM’s were defined in 2008 by the RICS AVM Standards Working Group as:-
“Automated Valuation Models use one or more mathematical techniques to provide an estimate of value of a specific property at a specific date, accompanied by a measure of confidence in the accuracy of the result, without human intervention post-initiation”.
The model was developed to provide an estimate of a subject property’s current market price or a portfolio of such properties in the following use cases:
By Financial Institutions (FI) for the loan origination process or subsequent revaluation for credit decision or compliance purposes;
Obtain a ProxyPrice (instant indication of current market price) prior or as part of the loan process.
Obtain periodic updates or “health check” on the performance of a particular asset or collateral.
In an audit of valuations;
Application of ProxyPrice as part of a periodic audit of a panel valuer’s report for risk management purposes.
For the identification of fraudulent activity;
Application of ProxyPrice to identify anomalies in market trends.
For lending (Capital adequacy purposes)
Application of ProxyPrice to a portfolio of properties/ assets subject to mortgage finance to obtain an indication of performance to assist the FI’s and their accountants in determining capital adequacy ratios.

TYPE OF MODEL
ProxyPrice utilizes a proprietary model based on the Comparison Method of Valuation with automated comparable selection and a Multiple Regression Analysis.
Fax: +(603) 7932 0222
KL Gateway, No. 2 Jalan Kerinchi
Gerbang Kerinchi Lestari
59200 Kuala Lumpur, Malaysia.
MyProperty Data : info@my-property.com.my
Products & Solutions : tiras@my-property.com.my
Proxy Price : proxyprice@my-property.com.my
