scholarly journals The Influence of Green Building Certification Schemes on Real Estate Investor Behaviour: Evidence from Singapore

Urban Studies ◽  
2013 ◽  
Vol 50 (10) ◽  
pp. 1970-1987 ◽  
Author(s):  
Stefanie Lena Heinzle ◽  
Augustin Boey Ying Yip ◽  
Melissa Low Yu Xing
2020 ◽  
Author(s):  
Anna Yashkina ◽  
Zhanna Vasileva ◽  
Yana Glukhikh

The article deals with a brief overview of the main laws, national standards, regulatory and technical documents that regulate legal relations in the field of ”green” building in Russia. The key features of the existing legislative framework regulating environmental aspects in construction are identified and the factors limiting the introduction of ”green” building in the construction sector are considered. The tendency of normative documents development in the field of environmental protection taking into account scientific and technical achievements and requirements of international rules and standards is noted. The paper provides a schematic description of the relations regulation and the establishment of mandatory requirements in the construction industry. There are also documents showing the requirements can be mandatory or voluntary. The authors consider the standards that provide a comprehensive analysis of all constructing systems from the standpoint of sustainability. The normative and technical documents describe a set of principles, categories, evaluation criteria, indicators, recommended indicators and environmental requirements for real estate. In conclusion, the lack of uniform, updated and a complete regulatory framework for technical regulation in the field of green building and the necessity to stimulate economic entities in the sphere of construction and real estate at the state level with a view to enhancing the practice of green building.


2020 ◽  
Vol 24 (4) ◽  
pp. 251-268
Author(s):  
Aliane Vieira de Castro ◽  
Gema Ramírez Pacheco ◽  
Fco. Javier Neila González

Sustainability is no longer a new concept. However, applying, measuring and reporting on the sustainability initiative is still a somewhat confused and subjective issue. There is a huge variety of sustainability guidelines and green building schemes of differing natures, meanings and wordings. Despite this, there is no one guideline providing a crossreference between corporate social responsibility and green building performance to help the commercial property market completely incorporate sustainability into their activities. Therefore, this paper intends to link sustainability, real estate environmental, social, and governance (ESG) and sustainable building in order to help companies internalise this concept in all areas of their operations aligning it with their strategic planning. From desk-based research, this proposal examines and compares key aspects of the main schemes in existence, which are currently evolving in the definition, assessment and report of sustainability at the corporate and built environment level. This approach provides key information to help professionals get a better understanding of the specific changes which sustainability brings about in their corporate process, strategies, investment decisions, daily business operations as well as their property management. The insights presented here can support real estate companies to develop comprehensive communication flows and tools for the measurement and disclosure of sustainability data.


2020 ◽  
Vol 12 (6) ◽  
pp. 2206
Author(s):  
Kee Han Kim ◽  
Sang-Sub Jeon ◽  
Amina Irakoze ◽  
Ki-young Son

Recently, the importance of green building certification in consideration of environmentally friendly factors is being emphasized more when constructing buildings in South Korea. The Green Standard for Energy and Environmental Design (G-SEED) is one of the strategies used by the Korean government to effectively reduce building environmental loads. However, due to the large investment needed to acquire green building certification, building owners, stakeholders, and designers often contemplate how to balance G-SEED certification benefits and the additional costs they involve. Therefore, the purpose of this study was to assess the benefits of G-SEED certification in terms of post-occupancy financial advantages through a comparative analysis of real estate prices of apartments in the Yeongnam area. All of the major factors affecting apartment real estate prices in South Korea were considered, and the real estate price difference between G-SEED certified and non-certified apartments was determined through a one-sample t-test. The results demonstrated that G-SEED certified apartment real estate prices were 9.52% higher than non-certified apartments. This study concluded that G-SEED certification–related investment is worth the additional cost as it increases the real estate value of a building.


Author(s):  
Joseph Agyei Danquah ◽  
Daniel Duah ◽  
Alexander Boakye Marful

Sustainability has been and continues to be the one recurring topical issue the world over. Governments all over are turning serious attention towards the provision of sustainable urban housing for their urban populace. This they have realised holds the key to leading developmental growth for their economies. Building professionals are now confronted everywhere on green building and construction Ghana as a lower middle income country is grappled with a huge housing demand giving rise to a thriving real estate sector in the capital city. The houses they produce come with exhorbitant cost due to the fact that most of these building features are imported in addition to poor planning and design construction. The paper evaluates the occupiers of this estates house their perception on sustainable housing solutions  and their satisfaction levels in the dwellings. Again it sought to investigate the building performance in meeting the occupant’s desired comfort. The study adopted the case study as the most appropriate with quantitative methods and random sampling techniques in sample size and questionaire administration. Data collected were analysed by the spps analytical tools and results presented in tables bar and pie charts. Likert scale ranking from  1-5 were used to rank satisfaction with Habitability Index (HI)formula used determine the actual satisfaction levels. Results indicated that majority of occupiers were aware of sustainability issues. Whilst they acknowledge the opportunities offered they were reluctant in making extra expenditure to get these sustainable solutions. Satisfaction levels were high for site planning, and neighbourhood landscape obtaining Habitability Index above 80%. Provision of natural ventilation, natural lighting, use of local materials energy efficient design and rain water harvesting received satisfaction levels of HI below 50%. The study thus recommends amongst others aspects that further education should be carried out by the key stakeholders on housing delivery; government should foster practising sustainable housing by public private partnerships and offering various incentive packages to participants; and government should establish a regulatory body to oversee the operations of real estate developers. This study would provide vital information on the perceived indicators of Real Estate occupants in Ghana.


Author(s):  
Pierfrancesco De Paola ◽  
Vincenzo Del Giudice ◽  
Domenico Enrico Massimo ◽  
Francesco Paolo Del Giudice ◽  
Mariangela Musolino ◽  
...  

Author(s):  
Doan Duong Hai ◽  
Duyen Dang Thi Hong ◽  
Hai Uyen Doan

Housing in Vietnames megacities is quite expensive due to limited land availability. Besides, green housing investment requires higher implementation costs than non-green housing investments, plus a Green Building certification fee implemented by international organizations. Despite specific difficulties and problems, green real estate projects bring economic benefits to both investors and users in the long run. Green building development is a trend that is particularly interested in by governments and real estate developers. Through analyzing the current status of Green Building development in Vietnam, the authors have discovered barriers, limitations, and proposed solutions. To develop green buildings effectively, investors need to operate a 5-step process throughout the project life cycle, including Green planning — Green design — Green construction — Green operation — Green lifestyle. Using environmentally friendly materials, energy-saving efficiency in green housing is no longer an unattainable dream for urban residents in Vietnam.


2017 ◽  
Vol 21 (1) ◽  
pp. 57-68 ◽  
Author(s):  
N. V. Bakaeva ◽  
A. Yu. Natarova ◽  
A. Yu. Igin

The article is devoted to the ecological assessment of buildings as the human environment based on the Green building conception. Authors proved the relevance of assessment of the impact of real estate as the man-made environment elements on the environment and human health. The concepts of comfort and safety of buildings and facilities for the people, which are considered as the basic category required for the formation of an effective human capital, were introduced in this article. The need to move from a traditional design and construction to the "green" was highlighted and its main objectives were marked. The actions of "green standards", which are an effective tool for environmental assessment of buildings, were described. The main objectives of the introduction of eco-standards and rating systems, and eco-certification were identified in this article. International and national standards were reviewed separately. The main criteria for evaluating the environmental performance of real estate included in the structure of various "green" standards are systematized. The structure of the existing national and international eco-standards, including Russian is reflected intuitively. Their basic features (for example, the minimum requirements for certification in one of the standards require compliance with all the criteria perfectly, and in the other - a certain set of minimum criteria) are marked, as well as strengths and weaknesses. In the article possibilities of adaptation of the most common eco-standards for use in other countries with different climatic, social, political and other features are indicated. Authors compare national and international "green" standards (including the Russian GOST R 54964-2012) in terms of their structure and composition of the main criteria for the environmental assessment of the property. The comparison highlighted basic categories common to all existing standards, as well as unique criteria inherent in this or that assessment systems. The authors also examined the application of various eco-standards and concluded that the same standard cannot be used simultaneously for residential, public and industrial buildings because the priority requirements for environmental safety directly depend on the destination of the property. The authors have formulated proposals for improvement of the Russian national ecological assessment system: the introduction of new criteria and a detailed study of existing, developing effective evaluation methodologies, the adjustment of the standard requirements depending on the destination of the property.


Bauingenieur ◽  
2016 ◽  
Vol 91 (07-08) ◽  
pp. 281-287
Author(s):  
Kati Herzog

Ein Zertifikat der drei in der deutschen Bau- und Immobilienbranche am weitesten verbreiteten Green Building und Nachhaltigkeits-Labels DGNB, LEED oder BREEAM ist der Beleg für nachhaltige Gebäudequalität und/oder nachhaltigen Gebäudebetrieb. Festzustellen ist, dass die Anzahl zertifizierter Gebäude weiter steigt und grüne Investments zunehmend an Bedeutung gewinnen. Jüngster Treiber dafür ist das wachsende Bewusstsein und die regulatorische Notwendigkeit der nachhaltigen Ausrichtung von Unternehmen im Hinblick auf ihre Corporate Responsibility. Die Zertifizierung der Nachhaltigkeit von Gebäuden sollte aber nicht nur als eine reine Auszeichnung eines Gebäudes und dessen Betrieb interpretiert werden. Der eigentliche Mehrwert entsteht, wenn die etablierten Nachhaltigkeitssysteme und -kriterien als Instrument zur Steuerung und Kommunikation verstanden werden, um Projekte und den Gebäudebetrieb nachhaltig zu entwickeln. Nachhaltigkeitskriterien lassen sich in Planung, Ausführung und Betrieb steuernd einsetzen, um die Projektziele von Investoren und Eigentümern erfolgreich umzusetzen. Das Nachhaltigkeitssystem mit den dazugehörigen Prozessen wird zum Managementtool, der Auditor als Nachhaltigkeitsexperte zum Nachhaltigkeitsmanager. Das Praxisbeispiel „Zukunftspark Wohlgelegen“ der Stadtsiedlung Heilbronn belegt, wie die Übersetzung einer Unternehmensphilosophie in einen Anerkennungsprozess für Green Building und die Nachhaltigkeitszertifizierung eines Gebäudes die erfolgreiche und nachhaltige Entwicklung des Quartiers stützt und Nachhaltigkeitskriterien sowie die dazugehörigen Prozesse als Steuerungsinstrumente und als Kommunikationstools eingesetzt werden können. Die abschließende Auszeichnung dieser Projekte ist die logische Konsequenz – aber kein Muss.


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