Thailand has enjoyed a four-place rise in real estate transparency rankings, moving from 38th to 34th place globally. Transparency in Thailand has continuously improved over the last decade due to increased market data availability and access, as well as greater regulatory enforcement and plans to digitize land registration. Along with India, Macau, and Myanmar, Thailand was among the top Asian countries showing the strongest transparency gains according to a recent global real estate transparency index. Improved transparency in key Asian markets like Thailand represents growing maturity and has accompanied record commercial real estate investment volumes in the region.

1. Thailand Among Top 10 Real Estate Transparency
Gainers

2. Asia-Pacific has made the strongest
transparency improvement from 2016
compared to the other four regions covered
by the latest study conducted by a trusted
real estate company.

3. According to its newly released biannual Global Real Estate Transparency Index
(GRETI) 2018, of the world’s top 10 real estate markets that have registered the
biggest improvements in transparency
Four are from Asia
Myanmar Macau Thailand India

4. MYANMAR
Myanmar has registered the most significant improvement globally,
moving up 15 places from the "Opaque" tier to join the "Low
Transparency" group. According to the report, the country continues
to open up its economy as increasing investor demand translates into
greater market intelligence.

5. Macau
Macau has become a semi-transparent market. The Special
Administrative Region (SAR) of the People's Republic of China has made
progress with a focus on anti-money laundering, resulting in increased
monitoring by financial regulators.

6. THAILAND
• Thailand has enjoyed a four-place rise in the rankings moving up from 38th
to 34th. A semi-transparent market, the country is also moving towards the
cusp of the next tier of transparency. This is underpinned by greater
regulatory enforcement, the planned introduction of a new property tax
system and steps to digitize its land registry.

7. INDIA
• India is the 10th largest transparency improver globally, and 4th regionally. The
country’s reform-driven government has made significant progress in its agenda
to improve transparency and reduce corruption. The Real Estate Regulatory Act,
which was passed in 2016 and implemented in 2017, is a regional highlight.

8. • Transparency across Thailand’s real estate markets has continuously improved over the last
decade thanks largely to increased availability of and access to market data. While the growth
of listed companies and real estate investment vehicles has contributed a lot to improving financial
disclosures, greater regulatory enforcement, the planned introduction of a new property tax system and
steps to digitize its land registry will underpin the country’s improvement in real estate transparency
further.
• The improved level of transparency represents a sign of growing maturity of Thailand’s real
estate market.
• Improvements in transparency in some Asian countries have been accompanied by record-
breaking commercial real estate investment volumes. In 2017, real estate transactions in the
Asia Pacific region reached reached a record UScopy49 billion.

9. This 10th edition of the Global Real Estate Transparency Index (GRETI) contains
the most comprehensive country comparisons of data availability, governance,
transaction processes, property rights and the regulatory/legal environment
around the world.
The index is updated every two years and has been charting the evolution of real
estate transparency across the globe for 20 years. The 2018 Index covers 100
countries and 158 city markets, and the number of individual factors covered has
increased by 36% to 186 factors.

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SOURCE - JLL