The Influence of Green Building Certification Schemes on Real Estate Investor Behaviour: Evidence from Singapore
Journal
Urban Studies
ISSN
0042-0980
ISSN-Digital
1360-063X
Type
journal article
Date Issued
2013-08
Author(s)
Abstract
Based on an adaptive choice-based conjoint analysis, the aim of this paper is to ascertain the extent to which various characteristics of a condominium unit, and in particular the Building and Construction Authority (BCA) Green Mark Scheme, influence prospective real estate investors' preferences for condominium units in Singapore. Through the analysis, this study determines that premium buyers would be willing to pay for property certified by the Green Mark Scheme. The results suggest that the price premium buyers would be willing to pay for green certification varies within the different levels of the Green Mark Scheme, ranging from 3.78 per cent for the Certified award to 7.98 per cent for the Platinum award. The results thus suggest a strong business case for developers of green buildings
Language
English
HSG Classification
contribution to scientific community
Refereed
Yes
Publisher
Sage Publishing
Publisher place
Thousand Oaks
Volume
50
Number
10
Start page
1970
End page
1987
Pages
18
Subject(s)
Division(s)
Eprints ID
230944
File(s)![Thumbnail Image]()
open.access
Name
Heinzle et al. (2012) - Urban Studies.pdf
Size
169.38 KB
Format
Adobe PDF
Checksum (MD5)
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