Please use this identifier to cite or link to this item: https://doi.org/10.1177/0042098013477693
Title: The Influence of Green Building Certification Schemes on Real Estate Investor Behaviour: Evidence from Singapore
Authors: Heinzle, S.L.
Boey Ying Yip, A. 
Low Yu Xing, M. 
Issue Date: Aug-2013
Source: Heinzle, S.L., Boey Ying Yip, A., Low Yu Xing, M. (2013-08). The Influence of Green Building Certification Schemes on Real Estate Investor Behaviour: Evidence from Singapore. Urban Studies 50 (10) : 1970-1987. ScholarBank@NUS Repository. https://doi.org/10.1177/0042098013477693
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. © 2013 Urban Studies Journal Limited.
Source Title: Urban Studies
URI: http://scholarbank.nus.edu.sg/handle/10635/128561
ISSN: 00420980
DOI: 10.1177/0042098013477693
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