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 JLL’s biennial Global Real Estate Transparency Index, higher levels of transparency were observed in India, Southeast Asia and Mainland China, but globally the slowest rate of improvement was observed since the period directly following the global financial crisis.
The 2020 Index is launched at a time of massive economic and societal disruption where the need for transparent processes, accurate and timely data and high ethical standards are in closer focus. The backdrop of COVID-19 is also ensuring that transparency within Asia Pacific’s real estate legal and regulatory systems is more important than ever to global investors, as they look to deploy approximately $40 billion in dry powder capital into the region.
According to JLL, pressure exist
