Singapore ranked second in Asia for actual property market transparency and was rated as “extremely clear” for the primary time.
Town-state moved up one spot from final 12 months to thirteenth place globally, reaching an total rating of 1.92, citing the International Actual Property Transparency Index 2024 revealed by property consultancy JLL on Tuesday.
The index evaluates market transparency by combining quantitative knowledge and survey outcomes from 89 international locations and 151 metropolis markets.
An total rating from one to 5 is given to every metropolis primarily based on six components together with efficiency, regulatory and authorized insurance policies, market fundamentals, transaction course of, company governance and sustainability efforts.
A decrease rating signifies a better degree of market transparency. Scores under 1.96 are designated as “extremely clear,” whereas these above 1.96 are categorized into 4 different teams, starting from “clear” to “opaque.”
The one different Asian market within the “extremely clear” group – the highest rating class – is Japan on the eleventh spot, scoring 1.83.
Singapore’s development to the very best group this 12 months is attributed to its dedication to sustainability and efforts to boost expertise and digital providers.
Notable initiatives launched by the city-state embody necessary climate-related reporting necessities for listed corporations, efficient from 2025, and the Actual Property Business Transformation Map 2025, a roadmap that goals to future-proof the property trade by upskilling the workforce and enhancing the effectivity, safety, and professionalism of property transactions.
Globally, the U.Okay. is essentially the most clear property market this 12 months with a rating of 1.24, adopted by France with 1.26 and the U.S. with 1.34, in response to the index.