Southeast Asia shows ‘solid improvement’ in real estate transparency: JLL

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/ EdgeProp Singapore
|
July 8, 2020 5:09 PM SGT
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SINGAPORE (EDGEPROP) - Asia Pacific’s emerging markets have made the most significant gains in improving real estate transparency, led by a greater emphasis on corporate social responsibility and wider adoption of new technologies, according to findings from JLL.
In particular, Southeast Asian nations such as Thailand, Vietnam, Philippines and Indonesia are among the global top 10 improvers, while Singapore continues to feature prominently as a transparent market.
Singapore’s ranking reflects its “strengths as a regional hub for proptech companies and government leadership on sustainability initiatives”, comments Chris Fossick, CEO of JLL Southeast Asia.
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Worldwide, JLL’s research concludes that sustainability commitments have become the biggest single driver of real estate transparency since 2018.
Green building certification systems and energy efficiency standards are also widespread in the region’s most transparent markets, it says.
Another key driver of transparency is the volume of real estate market data now available due to the growing adoption of proptech platforms, digital tools and big data techniques, highlights JLL.
With Covid-19, pressure exists from investors, businesses and consumers to further improve real estate transparency to compete with other asset classes, the firm adds.
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