Hong Kong rises in property market transparency rankings, but trails Singapore and Japan
Hong Kong has climbed one place in a list of the world’s most transparent real estate markets by property consultancy JLL and subsidiary LaSalle Investment Management, though it still trails regional peers Singapore and Japan in the rankings. The city secured 14th place in the latest edition of the Global Real Estate Transparency Index, a report released every two years. The new report covers 146…
Hong Kong has risen one spot in an international ranking of property market transparency, according to a new report by JLL and LaSalle Investment Management. The city secured 14th place in the Global Real Estate Transparency Index, which evaluates 146 markets across 88 countries. Singapore and Japan came in 12th and 13th, respectively.
Hong Kong's score fell short of the "highly transparent" designation held by Singapore and Japan. Alex Barnes, JLL's co-CEO in Greater China, emphasized the importance of reliable market information and technology-driven data in sustaining investor confidence. The rankings were based on a mix of quantitative data and a survey of JLL and LaSalle's global network across 260 factors.
Hong Kong's progress was highlighted, along with significant improvements in the Asia-Pacific region, led by India, Vietnam, South Korea, and Thailand. These gains were driven by improved corporate governance, legal enforcement, and disclosure across various property sectors. The "highly transparent" markets now account for a significant portion of global real estate income and investment.
Written by urgent.news from SCMP Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
