Real estate in Shanghai
According to a report by Jones Lang LaSalle, a professional services firm specializing in real estate many emerging markets improved their levels of real estate transparency over the past two years, with China achieving the greatest improvement in the Asia-Pacific region,
According to the latest China edition of the Global Real Estate Transparency Index from Jones Lang LaSalle and LaSalle Investment Management, its global real estate investment management subsidiary, China is currently classified as a semi-transparent market, moving up one full level from low transparency.
Denis Ma, head of the research department of Jones Lang LaSalle Beijing said that the index serves as an excellent tool for potential first-time investors in China’s real estate market.
In addition to the differences between the three tiers of cities on the mainland, Hong Kong is one of the world’s most transparent real estate markets, Taiwan has a slightly higher level of semi-transparency and Macao has low transparency below mainland first-tier cities but slightly higher than second- and third-tier cities.
China’s different tiers of cities. Previous China ratings reflected only first-tier cities (constant since 1999), so the marked improvement is significant for China, which has moved to a higher level than India for the first time.
Based on the findings, the report said there are four key reasons for China’s improvement:
1) Globalization, a major force behind real estate transparency, with increasing capital and companies in China expediting the requirement for accurate market information and adoption of global practices;
2)Openness of real estate’s direct correlation to the growing volume of investment transactions;
3)Increasing number of public listings by property developers and more market information through annual reports; and
4)Central government policies and more publicly available information through the China Real Estate Intelligence Services (CREIS).
Much more HERE.
Source: China Daily
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