Creating a competitive and transparent real estate market
Market transparency allows investors and corporate occupiers to make decisions with confidence. By Chris Fossick
SINGAPORE is Asia's most transparent market, and is well positioned to join the United Kingdom and the United States in the "Highly Transparent" tier as it advances in sustainability, proptech and open-data initiatives.
Based on our Global Real Estate Transparency Index (GRETI), Singapore has remained in the "Transparent" group for a number of years, along with Hong Kong, Tokyo and Taiwan. However, the city-state, which ranks 12 on the index, is on the cusp of moving up into the next tier of transparency.
Market transparency is the foundation which allows investors and corporate occupiers to operate and make decisions with confidence. It enables governments and public bodies to function effectively, providing long-run benefits to local communities and the environment.
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