Singapore joins group of highly transparent commercial real estate markets

Globally, it ranked 13th in market transparency.

Singapore has become a highly transparent commercial real estate market, joining the United Kingdom, United States, Australia, and Japan.

Overall, it ranked 13th in market transparency.

Singapore also ranked within the top 20 in several sub-indices, including performance measurement (15th), market fundamentals (11th), governance of listed vehicles (15th), and regulatory environment (17th).

According to JLL's Global Real Estate Transparency Index, Singapore has joined the "Highly Transparent" group for the first time, driven by higher sustainability standards and the integration of technology through its Real Estate Industry Transformation Map and other initiatives.

"Singapore has been particularly proactive through its Real Estate Transformation Map, which is focused on technology adoption and skills, and is implementing a range of programs including one-stop developer portals, integration of Building Information Modeling (BIM) in approvals processes, and utilization of modelling and simulation to improve urban planning and design," JLL said.

Markets under the "Highly Transparent" group collectively account for over 50% of total income-producing real estate worldwide and more than 80% of direct investment globally, reported JLL.

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