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Title: Understanding the cost of green buildings : Evidence from Singapore
Keywords: construction cost, green cost, green building, green feature, Singapore, Green Mark
Issue Date: 18-Aug-2010
Citation: JIANG YUXI (2010-08-18). Understanding the cost of green buildings : Evidence from Singapore. ScholarBank@NUS Repository.
Abstract: The perception that building green implies significantly higher construction cost has recently become one of the most common objections to the development of green buildings. The aim of this study is to identify whether there is a cost premium between green and non-green buildings and to evaluate the impact of BCA Green Mark scheme and its ratings on the construction cost and green cost of building projects. Both univariate statistics and multivariable regression analyses are applied in this study. The study confirms the existence of cost premium, and finds that Green Mark rating, especially Platinum level, is the most consistently significant determinant. Besides, the findings reveal a large potential for buildings to get greener since only a small portion of green features have been incorporated in the building projects analysed in the sample. The results contribute to the growing knowledge on green building developments and help accelerate the response of the real estate market to the concept of sustainability.
Appears in Collections:Master's Theses (Open)

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