Singapore Among Most Transparent Real Estate Markets World Jll
Singapore has once again proven its strength in the real estate market, earning a place in the highly respected “Highly Transparent” group in JLL’s Global Real Estate Transparency Index (GRETI) report. This achievement is a result of the city-state’s continuous efforts to improve market data and information accessibility, as well as its strong focus on sustainability and technology.
The GRETI report, published every two years by JLL and LaSalle, evaluates real estate markets worldwide based on their transparency levels. This year, 89 countries and territories and 151 cities were assessed, and Singapore has been categorised under the highest tier of Highly Transparent markets, which covers markets with the lowest scoring band according to the index framework.
This is the first time Singapore has been placed in the Highly Transparent group, paving the way for more recognition and global investment opportunities. Its rise to the top was driven by its focus on sustainability, including the introduction of mandatory climate-related reporting requirements for listed companies in 2025. The city-state’s efforts to enhance technology and digital services through its Real Estate Industry Transformation Map 2025, which outlines plans to digitalise property transaction processes, and promote technology adoption by property agencies and enhance skills have also contributed to its ranking.
In the Asia Pacific (Apac) region, Singapore is the fourth market to join the Highly Transparent group, following Australia, New Zealand, and Japan. This is only the second time an Asian country has made it to the top tier, with Japan’s inclusion in 2022.
Apac has seen the most significant improvement in its regional average transparency level in the last two years, backed by a growing emphasis on environmental, social, and governance (ESG) disclosures, new construction standards, and deeper data availability. India was the top improver globally, showing noteworthy progress in its GRETI score compared to the last edition in 2022, while South Korea and China also saw a substantial boost due to a growing real estate investment trust (REIT) market, new sustainability reporting regulations, and a new unified land registry system and mandatory ESG disclosures, respectively.
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While Europe continues to lead the way in market transparency, Apac countries are catching up with their Western counterparts, thanks to the sweeping changes in the region. Nonetheless, Highly Transparent markets continue to stand out, and their advanced position is also reflected in investment activity, with over US$1.2 trillion ($1.6 trillion) in direct real estate investment pouring into these markets in the last two years.
As transparency becomes increasingly crucial in times of uncertainty, Highly Transparent markets are expected to benefit, given their robust governance frameworks. According to Richard Bloxam, CEO of capital markets at JLL, the focus on transparency for investors has never been greater, and with interest rates on the decline, Highly Transparent markets are best-positioned to leverage a new investment cycle. Brian Klinksiek, global head of research and strategy for LaSalle Investment Management, adds that countries with transparent pricing and strong fundamentals will lead the real estate liquidity recovery.
As the market transitions, key themes are emerging, including a more rapid expansion of the real estate investment universe, with industrial and living sectors now accounting for over 50% of global direct real estate investments, compared to 29% ten years ago. Other crucial themes include the growing spotlight on debt markets, AI, and sustainability, all of which are expected to drive transparency levels in the coming years.