The 6th Korea Japan China Appraisal Cooperation
Meeting Successfully Held in Seoul, South Korea
On May 29th and 30th, 2025, China Institute of Real Estate Appraisers and Agents (CIREA), Korea Association of Property Appraisers (KAPA) and Japan Association of Real Estate Appraisers (JAREA) co-host the 6th Korea Japan China Appraisal Cooperation Meeting in Seoul, South Korea, themed “Proptech and Appraisal”. Mr. Yang Gil Su, President of KAPA, Mr. Yoshimura Shiniki, President of JAREA, and Dr. Wang Xia, Vice Secretary-General of CIREA attended the meeting and delivered opening speeches.
Principal leaders of three countries
Leaders from real estate appraisal agencies in China, South Korea and Japan gathered to discuss, to engage in in-depth discussions and exchanges on major issues under two sub-themes – “the Prospect of AI in the Real Estate Industry” and “the Impacts of Proptech on Appraisal”, sharing their latest research findings.
Mr. Xu Jun, Chairman of Shanghai Unity Real Estate Appraisal and Consulting Co., Ltd., delivered a speech titled “the Application and Challenges of Artificial Intelligence in Real Estate Appraisal”. Mr. Yan Xudong, Founder and Honorary Chairman of Beijing Renda Real Estate and Assets Appraisal Co., Ltd, and Founder and Chairman of Beijing Yunfang Data Technology Co., Ltd, delivered a speech titled “The Impact of Technology on Evaluation”. Mr. Lee Hoon, CEO of Korea Asset Appraisal Firm, introduced the automated valuation model (AVM) of real estate technology companies. Ms. Kim Ok Jin from the Appraisal Information and Computing Center of KAPA introduced the appraisal workflow support system created by KAPA. Mr. Komuro Jun from Japan Valuers Co., Ltd., and Mr. Kawachidani Hajime from Nakamura Real Estate Appraiser Office Co., Ltd., delivered speeches titled “Case Study of Introducing AI and IT Tech at a Real Estate Appraisal Company” and “Considering the Expansion of Possibilities of Sales Comparison Approach” respectively.
The speakers believe that new technologies such as artificial intelligence have been deeply applied into every aspect of real estate appraisal, becoming an irreversible trend in the industry. While these technologies have played a positive role in improving appraisal efficiency and optimizing appraisal process, the uniqueness and complexity of each real estate property determine that real estate appraisers cannot be replaced by artificial intelligence and other new technologies. In the future, as new technologies are applied, real estate appraisal may face increased pressure for greater transparency, and new technologies may accelerate industrial consolidation. The real estate appraisal industry should actively embrace artificial intelligence, accelerate the construction and application exploration of relevant knowledge bases, and utilize data technology to reengineer appraisal process, thereby enhancing appraisal service capabilities and standards.
More than 150 real estate appraisers, scholars and experts from China, Japan, and South Korea participated in this meeting.
Attendees from China