In the Asia Pacific region, Taiwan was the biggest improver this year in the ranking, moving up a category. In 2016, a consolidated housing and land tax was introduced which brought Taiwan "in line with international standards and helped correct a flaw in the taxation system", according to the property agency.
China’s Tier 1 cities (i.e. Shanghai and Beijing) have shown the greatest improvements in transparency in the country, led by ‘fundamentals’ , these markets are on the cusp of the ‘transparent’ tier, according the JLL, adding overall key markets – including the top-tier cities in China and India, as well as Japan and South Korea – made small while moderate progress.
At the other end of the spectrum, Myanmar has held onto the title as the least transparent market in Asia Pacific, but moderate progress has been made following significant economic and political reforms
The article was published on 15 - 07- 2016 (15:55M GMT+800)
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