Vietnam jumped four places to rank 56th globally in transparency index (Photo: Courtesy JLL Vietnam) The firms attributed the jump in rankings to the Government’scommitment to cut green-house gas by 8% by 2030 as well as its goal that Vietnamwill reach net-zero carbon emissions by 2050.
In addition to Vietnam, the biennial index found an increasingnumber of Asia Pacific countries and cities have followed up on previouslyannounced climate commitments by establishing mandatory energy efficiency andemissions standards for buildings, aligning with broader net zero carbon goals.The report also found more widespread adoption of green and healthy buildingcertifications, with leading markets beginning to mandate sustainabilityreporting from companies and collecting public building-level information onenergy efficiency and emissions.
The index confirmed that Asia Pacific’s commercial real estatesector is better positioned to attract increased capital in the coming yearsdue to measurable improvements in market transparency.
Real estate markets across Asia Pacific – driven by gains inregulation, sustainability and access to enhanced data – continue to mature andbecome more accommodating for investors and developers planning expansion inthe region.
The index provides a unique benchmark of market transparency forproperty investors, developers and corporate tenants. A transparency ranking isassigned based on the availability and quality of performance benchmarks andmarket data, governance structures, regulatory and legal environments,transaction processes and sustainability markers to help investors and tenantsmake informed, risk-based decisions.
While markets are changing at different rates, the data reveal anoverall uplift in real estate transparency regionally.
“The strides toward greater transparency in Asia Pacific willintensify investor interest and bolster occupier confidence in this region. Asa result, we expect to see more capital deployed into those markets that candemonstrate consistent efforts to make accurate data available, enforce legalprotections for property ownership, and enhance the regulatory environment tofacilitate the transactions,” said Anthony Couse, Chief Executive Officer, AsiaPacific, JLL.
JLL and LaSalle's Global Real Estate Transparency Index ispublished every two years, and this year’s 12th edition includes 254 individualindicators to assess market transparency across 94 countries and territoriesand 156 cities globally./.
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