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Sunday, February 6, 2011

Transparency in real estate in China?

Many emerging markets improved their levels of real estate transparency over the past two years, with China achieving the greatest improvement in the Asia-Pacific region, according to a report by Jones Lang LaSalle, a professional services firm specializing in real estate.
According to the latest China edition of the Global Real Estate Transparency Index from Jones Lang LaSalle and LaSalle Investment Management, its global real estate investment management subsidiary, China is currently classified as a semi-transparent market, moving up one full level from low transparency.
"China's property markets are as diverse as the country itself. The inclusion of China's second- and third-tier cities in this year's survey helps users of the index better understand their different challenges," Sohar added.
China's improved transparency, together with the ongoing market correction, seems to make the country's property sector more attractive for investors.

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