Evaluating Point Cloud Measurement Accuracy for Residential Property Valuation: A Case Study Using LiDAR Scanning
Article Sidebar
Main Article Content
Abstract—The most important part of property valuation is accurate property measurement. The more accurate measurement of all types of property, including residential buildings, could lead to an equal and fair value for the property. By comparing linear wall-to-wall measurements taken from point clouds with those taken from certified floor plans, this study evaluates the potential of three-dimensional (3D) point cloud data for use in property measurement. Dimensional measurements were obtained by processing 3D data of a residence in Kajang, Malaysia, using LiDAR-based scanning via PolyCam Pro on an iPhone 14 Pro Max. To assess the workflow’s generalizability, a sample dataset provided by PolyCam representing a landed residential unit was also tested using the same measurement procedure. The results indicate that consumer-grade point cloud data can achieve accuracy sufficient for expert valuation support, with deviations of approximately ±10 mm in the primary dataset and ±3.5 mm in the validation dataset. This shows how point cloud technology can improve transparency, reduce measurement errors caused by individuals, and help in the digital transformation of valuation workflows
Downloads
References
N. French and L. Gabrielli, Property Valuation: The Five Methods, Routledge, 2018.
N. Kaluthanthri and A. Hippola, “Uncertainty in valuation practice: Causes and implications,” Property Management, vol. 41, no. 1, pp. 89–104, 2023.
M. Mallinson and N. French, “Uncertainty in property valuation,” Journal of Property Investment & Finance, vol. 18, no. 1, pp. 13–32, 2000.
Y. Yi, L. Chen, and X. Zhao, “LiDAR applications in urban mapping,” Remote Sensing, vol. 9, no. 9, p. 942, 2017.
H. Zhao, Q. Zhang, and X. Huang, “Advances in LiDAR-based building modeling,” ISPRS Annals of the Photogrammetry, Remote Sensing and Spatial Information Sciences, vol. V-2-2020, pp. 351–360, 2020.
H. Yamani, M. Azizan, and S. Noor, “Challenges in integrating 3D data in valuation workflows,” Journal of Valuation Science, vol. 10, no. 2, pp. 15–28, 2021.
R. Boeters, H. Li, and S. Zlatanova, “3D models and valuation accuracy: An LOD2 approach,” ISPRS Annals of the Photogrammetry, Remote Sensing and Spatial Information Sciences, vol. II-3/W4, pp. 31–38, 2015.
A. Ganz, N. Haala, and G. Mandlburger, “Accuracy analysis of handheld LiDAR devices for indoor mapping,” ISPRS Archives, vol. XLII-2/W13, pp. 633–640, 2019.
M. Arif, S. Rahman, and H. Zulkifli, “Application of consumer-grade LiDAR for built environment measurement,” Journal of Spatial Technologies, vol. 12, no. 3, pp. 44–52, 2024.
L. Cai, Y. Wang, and X. Zhou, “Satellite-based LiDAR for urban building measurement: Accuracy and limitations,” ISPRS Journal of Photogrammetry and Remote Sensing, vol. 212, pp. 112–124, 2024.
M. Borz, D. Rusu, and R. Muresan, “Evaluation of mobile LiDAR accuracy in built environment applications,” Remote Sensing Applications, vol. 18, no. 1, p. 101112, 2024.
Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP), Malaysian Valuation Standards (8th Edition), Putrajaya: Ministry of Finance Malaysia, 2022.
B. Mete and T. Yomralioglu, “Integration of BIM and GIS for 3D property valuation,” Land Use Policy, vol. 82, pp. 524–532, 2019.
B. Mete, I. Turan, and T. Yomralioglu, “GIS-BIM integration for automated valuation models,” Computers, Environment and Urban Systems, vol. 96, p. 101222, 2022.
B. Atazadeh, A. Rajabifard, M. Kalantari, and K. Champion, “Extending a BIM-based data model to support 3D digital management of complex ownership spaces,” International Journal of Geographical Information Science, vol. 31, no. 7, pp. 1440–1463, 2017.
M. Renigier-Biłozor, S. Źróbek, and R. Źróbek, “Integration of uncertainty in automated property valuation,” Land Use Policy, vol. 82, pp. 723–735, 2019.
Y. Su, J. Zhang, and Y. Zhao, “Automated real estate valuation using BIM and machine learning,” Automation in Construction, vol. 126, p. 103116, 202

This work is licensed under a Creative Commons Attribution 4.0 International License.
All articles published in our journal are licensed under CC-BY 4.0, which permits authors to retain copyright of their work. This license allows for unrestricted use, sharing, and reproduction of the articles, provided that proper credit is given to the original authors and the source.