Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/222015
Title: CHANGING PHENOMENON OF GREEN MARK PREMIUM AND ITS PRECEDENTS ON SKYRISE GREENERY
Authors: LEE KAI YING
Keywords: Real Estate
RE
Liao Wen Chi
2014/2015 RE
Green Mark
Quantile Regression
Skyrise Greenery
Issue Date: 28-May-2015
Citation: LEE KAI YING (2015-05-28). CHANGING PHENOMENON OF GREEN MARK PREMIUM AND ITS PRECEDENTS ON SKYRISE GREENERY. ScholarBank@NUS Repository.
Abstract: In the light of environment sustainability, most governments have introduced policies to promote green buildings. Although existing literatures confirmed the benefits of green buildings and the significant premium they can command in property prices, limited attention has been given to examine how premium changes over time. This paper aims to study the relationship of Green Mark and housing price by examining the change in Green Mark premium over time as well as to test how increased supply can cause the change in Green Mark premium across different quantiles in the Singapore’s residential market. Additionally, the paper will also help to draw insights to similar government initiatives such as skyrise greenery. Mean and quantile empirical results have revealed an average Green Mark premium of 2.2%. However, Green Mark premium changes significantly from 4.2% in its initial phase to 0.83% in recent years. The magnitude of the decrease is greatly reduced when supply of Green Mark projects in each planning area is controlled. This suggests that increased supply of Green Mark projects due to the various supply-side policies have caused Green Mark premium to decline. The premium for skyrise greenery is negative and the findings further revealed that buyers perceived it only to be an additional benefit. The results provide a deeper understanding for the current market situation of Green Mark and skyrise greenery which provide policy makers with important knowledge for them to make key decisions to regulate the sustainability of Green Mark and the market for skyrise greenery.
URI: https://scholarbank.nus.edu.sg/handle/10635/222015
Appears in Collections:Bachelor's Theses

Show full item record
Files in This Item:
File Description SizeFormatAccess SettingsVersion 
Lee Kai Ying 2014-2015.pdf1.05 MBAdobe PDF

RESTRICTED

NoneLog In

Page view(s)

6
checked on Sep 22, 2022

Download(s)

2
checked on Sep 22, 2022

Google ScholarTM

Check


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.