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New JLL report highlights Asia as most improved region in the world for real estate transparency
July 25, 2016Article by Charlotte Ashton
When it comes to real estate investment, transparency is essential. This is particularly true for investors seeking to put their money into profitable overseas markets. Now, the newly published Global Real Estate Transparency Index 2016 from JLL has shown that the Asia Pacific region is the most improved in the world for real estate transparency.
Ray Withers, CEO of specialist property investment company Property Frontiers, comments,
“When you invest in real estate you need to have a clear understanding of what the terms of the investment are, what you can look forward to by way of returns, what your money will be used for and what your exit strategy will be. Investors also need transparent information so that they can be assured there are no hidden costs or unexpected quirks during the investment process.
“The newly released JLL report on global transparency is an excellent tool for investors seeking to educate themselves regarding areas around the world in which to invest in real estate. Asia Pacific was the clear winner in terms of how real estate transparency in the region has improved. The report serves as affirmation that investment in Asia is really coming of age.”
A transparent investment company
Property Frontiers has always held true to the spirit of transparency when it comes to real estate investment. The company has stood firm for 12 years in a sector where other businesses seem to rise and fall with every passing month. CEO Ray Withers believes that the team’s transparent approach has played a big part in this achievement.
Withers cites the current investment opportunity at Portofino Ocean’s Edge resort in the Philippines as an example. Investors are invited to review the due diligence information that has been undertaken on the luxurious, 5* resort. Their 10% minimum underwrite is clearly stated in their contracts and calculations on expected returns of up to 17% have been clearly laid out. Property Frontiers even shares comparable resort rates to show that forecasted returns are achievable.
Philippines investment opportunities
Property Frontiers also shares research into the areas in which it offers investments through its Insight Guide series. Each Insight Guides contain detailed facts, figures and information on a specific region or country and is available to download free of charge, such as the extensive Philippines Insight Guide 2016.
While the Insight to Philippines Property Investment 20156 guide covers the country’s economy, demographics, housing market and recent trends, the JLL Transparency Index has considered its governance, transaction processes, data availability, and legal/regulatory environment. Following the liberalization of foreign investment law in the Philippines, which meant that anyone was welcome to invest, regardless of their nationality, interest in the country from overseas investors has surged. Leaps forward in transparency now look set to capitalize on that interest.