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News Release

Singpaore

International Property Measurement Standards Coalition (IPMSC) - Comments from Managing Director, Singapore & Southeast Asia


"​​​The introduction of a global property measurement standard will help significantly in standardising the way valuation is conducted around the world, and is a move in the right direction. Without a common standard of measurement, it is difficult for investors to compare between property investment options on the same basis, which in turn inhibits informed decision making. The adoption of a more structured approach to measuring buildings will help to address the current lack of transparency in the market, thus boosting confidence and attracting more investment into the real estate market in Asia."Chris Fossick, Managing Director, Singapore and South East Asia, Jones Lang LaSalle and Vice President, RICS.