SG is 2nd most transparent real estate market in Asia

The market improved its data coverage and sustainability commitments.

With better data coverage and clear sustainable commitments, Singapore was able to rank second amongst Asian markets included in JLL's Global Real Estate Transparency Index.

Singapore also surpassed its neighbour Hongkong in the index, with the latter ranking third in Asia.

The Global Real Estate Transparency Index categorises and ranks markets based on six indices: investment performance, market fundamentals, listed vehicles, regulatory and legal, transaction processes, and sustainability.

Singapore scored 2.17, 1.95, 1.70, 1.87, 1.77, and 2.20, on each sub-index respectively.  The Lion City were also part of the top 20 markets in each sub-index except for "transaction process" and "regulatory and legal."

With an overall score of 1.96, Singapore was categorised as a "transparent" market, the second-highest amongst the five transparency tiers.

"Singapore continues to improve... it has consolidated its place among the leading markets in spelling out its sustainability commitments, for example, through the Singapore Green Building Masterplan," said JLL.