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Green mark certification: does the market understand?

Addae-Dapaah, K; Chieh, SJ; (2011) Green mark certification: does the market understand? Journal of Sustainable Real Estate , 3 (1) pp. 162-191. Green open access

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Abstract

A corollary to the green building revolution is the certification of green buildings by relevant organizations. The pertinent question is whether the market understands the certification. The paper addresses the issue via a quantitative (hedonic model) and psychographic (survey) study of the Singapore residential green building market. The results reveal that green certification commands a statistically significant premium. However, the market is confused by the different tiers of certification as evidenced by incommensurate premia for the different tiers. Furthermore, the fact that the premium varies with tenure (freehold/ leasehold) and location after controlling for all other attributes may imply that the premium may not be solely attributable to green certification.

Type: Article
Title: Green mark certification: does the market understand?
Open access status: An open access version is available from UCL Discovery
Publisher version: http://www.josre.org/3-09-green-mark-certification...
Language: English
Additional information: All articles published in JOSRE are distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/3.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
UCL classification: UCL
UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > The Bartlett School of Planning
URI: https://discovery.ucl.ac.uk/id/eprint/1503254
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