SINGAPORE is ranked the third most transparent property market in Asia-Pacific, according to a key industry index.
The league table places Singapore at 16th worldwide, two spots ahead of Hong Kong but behind regional rivals Australia, ranked first, and New Zealand at fourth.
More transparent market conditions allow for quicker investment deals between one foreign investor and another, it said.
The index, which was started in 1999 and is updated every two years, covers all property sectors, though the bulk comprises commercial real estate.
It assessed 81 markets under five categories - performance measurement, market fundamentals, listed vehicles, legal and regulatory environment and the transaction process.
Jones Lang LaSalle's South-east Asia research head, Dr Chua Yang Liang, said the index showed that Singapore's strength lies in its regulatory and legal environment.
'The transparency of our regulatory framework supported the influx of US$4.7 billion (S$6.4 billion), which is more than half of the total dollar value investments, into the commercial asset market during the peak in 2007,' he said.
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