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Wan LixinOpinion deputy editor of Shanghai Daily
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Mainland moves up in global index
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The Chinese mainland’s real estate market has continued to make progress over the past two years, with Shanghai and Beijing moving into the “transparent” 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’s 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.
“Shanghai and Beijing’s elevation to the ‘transparent’ tier of global real estate mirrors the mainland’s diversifying economic development and its status as one of the fastest evolving commercial property sectors globally,” 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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