Asian property markets need more transparency

Singapore, Hong Kong and Japan are home to some of the world’s richest and most dynamic real estate markets. But they all lag behind countries in Europe and North America when it comes to transparency. Most of the rest of Asia, including high-growth markets such as China and India, is still behind.

Global investors, including financial institutions, are looking for higher standards of transparency in real estate, in everything from transaction costs to environmental and safety standards. Asia has made progress in recent years but needs to do more if it is to rank among the world’s top rated markets, in terms of standards.

In the latest edition of JLL’s Global Real Estate Transparency Index, which ranks markets on legal, regulatory, environmental and financial criteria, Singapore, Hong Kong and Japan stand on the cusp of the Highly Transparent group, the top category. They are ranked 12th, 13th and 14th respectively.

The top 10

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