Addae-Dapaah, K;
Hiang, LK;
Neo Yen Shi, S;
(2009)
Sustainability of Sustainable Real Property Development.
Journal of Sustainable Real Estate
, 1
(1)
pp. 203-225.
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Abstract
The paper investigates commercial buildings users' perception of the benefits of green buildings and how this perception influences their decision to occupy and/or invest in them. A survey of 400 commercial real estate users in Singapore reveals that they are aware of, and appreciate the benefits of green buildings. However, they are not willing to occupy and/or invest in green buildings as they are concerned with monetary returns. Price, reliability, and effectiveness of green features, as well as apathy towards environmental issues, are impeding the sustainability of sustainable commercial real estate in Singapore. Notwithstanding, since it was found that cost saving and higher property value benefits statistically influence respondents' willingness to invest in, or occupy green buildings, turning the sustainability advocacy into realistic economic advocacy could ensure sustainability of sustainable real estate development.
| Type: | Article |
|---|---|
| Title: | Sustainability of Sustainable Real Property Development |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | http://www.josre.org/09-sustainability-of-sustaina... |
| Language: | English |
| Additional information: | All articles published in JOSRE are distributed under the terms of the Creative Commons Attribution License, 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/1530022 |
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