Singapore has now joined the ranks of the world’s most transparent real estate markets, surpassing Hong Kong due to improvements in digital services and a strong focus on sustainability. The city-state has been categorized as "Highly Transparent" in the latest Global Real Estate Transparency Index (GRETI) as of August 27, which evaluates global real estate markets based on data and surveys.
The GRETI report is published every two years by JLL and LaSalle, with this year’s edition assessing transparency in 89 countries and territories and 151 cities worldwide.
Debut in the ‘Highly Transparent’ Status
This is the first time Singapore has been included in the "Highly Transparent" category of the Global Real Estate Transparency Index (GRETI), the highest tier of the index. With a score of 1.92, Singapore is now the fourth "highly transparent" market in Asia-Pacific, following Australia, New Zealand, and Japan.
Globally, Singapore has risen to 13th place, up from a score of 1.96 in 2022. The top positions on the list are still held by the United Kingdom, followed by France and the United States.
Commitment to Sustainability and Digital Transformation
Singapore achieved its top ranking due to its strong commitment to sustainability. The country will require large companies to report climate data starting in 2025.
Additionally, Singapore is actively advancing its digital sector, including real estate, through the Real Estate Industry Transformation Map (ITM) 2025. Launched in 2018, ITM 2025 aims to digitalize property transactions, promote technology adoption, and enhance the skills and professionalism of the real estate workforce.
About the Report
JLL has published the Global Real Estate Transparency Index since 1999 to measure the transparency level of property markets across various countries.
The index categorizes markets with a score below 1.96 as "highly transparent" and scores from 1.97 to 2.65 as "transparent," with lower scores indicating greater market transparency and informativeness for investors.
The assessment includes various aspects such as performance, regulatory and legal policies, market fundamentals, transaction processes, corporate governance, and sustainability effortts.
