Mainland moves up in global index
Print Edition
The Chinese mainland鈥檚 real estate market has continued to make progress over the past two years, with Shanghai and Beijing moving into the 鈥渢ransparent鈥 tier for the first time, international real estate adviser JLL said while releasing its latest edition of the Global Real Estate Transparent Index yesterday.
The mainland advanced one spot from 2018 to rank 32nd in this year鈥檚 overall index, driven by factors which include a more active property technology sector, growing engagement with sustainability and wellness, increased disclosure requirements for a growing number of listed companies, and greater professionalism in property management, the biennial index produced by JLL and LaSalle Investment Management said.
鈥淪hanghai and Beijing鈥檚 elevation to the 鈥榯ransparent鈥 tier of global real estate mirrors the mainland鈥檚 diversifying economic development and its status as one of the fastest evolving commercial property sectors globally,鈥 said Daniel Yao, JLL China research head.
The survey also covered the cities of Guangzhou, Shenzhen, Chengdu, Hangzhou, Zhengzhou and Kunming.
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