Singapore property market listed as one of the world’s most transparent

📆 10/09/2024 11:47 p. m.
📰 IndependentSG

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Real estate transparency reflects the level of accountability, governance quality, and openness of a market, particularly its private real estate sector

SINGAPORE: Singapore’s real estate market has been ranked as one of the most transparent in the world, securing 13th place out of 89 markets in the 2024 Global Real Estate Transparency Index published by JLL.

The UK topped the index with a score of 1.24, followed closely by France and the United States , solidifying its position as the most transparent real estate market globally. The index assesses transparency through six categories: investment performance, market fundamentals, listed vehicles, regulatory and legal frameworks, transaction processes, and sustainability.

In other areas, Singapore demonstrated strong performance, with scores of 1.66 in regulatory and legal frameworks, 1.71 in listed vehicles, and 1.87 in market fundamentals.

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