Hong Kong ranks 15th most transparent real estate market globally

On a regional perspective, the country ranks third.

Hong Kong ranks as 15th most transparent real estate globally, according to JLL's 2024 Global Real Estate Transparency Index (GRETI). 

On a regional perspective, the country ranks third, just behind Japan and Singapore.

In terms of the five sub-index ranks, Hong Kong ranks fifth globally for Market Fundamentals– which measures the availability of information on property market conditions.

Meanwhile, the country ranks 12th and 14th globally in the Performance Measurement and Regulatory and Legal sub-indices, respectively.

Hong Kong is relatively weak in the Sustainability sub-index, failing to make it into the top 20.

On the Transaction Process front, no Asian country territory made it into the list this year.

Bruce Pang, Head of Research at JLL in Greater China said that Hong Kong still has room for improvement, particularly in sustainability, which is a key driver of the most transparent markets.

"Markets such as Singapore and Australia have made legislative efforts to promote sustainability, whilst the private sector is also actively engaged in sustainability. International investors are increasingly prioritising ESG and sustainability factors as key metrics for assessing long-term value and mitigating risk. Hong Kong must respond actively to this trend by setting more ambitious sustainability targets and promoting green transformation in the real estate industry to continue to attract international capital and maintain its competitiveness," Pang said.