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Indoor Air Quality and Office Property Value

Addae-Dapaah, K; Wai, TK; Bin Dollah, MJ; Foo, Y; (2010) Indoor Air Quality and Office Property Value. The Journal of Sustainable Real Estate , 2 (1) pp. 91-115. Green open access

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Abstract

Urbanization and technological advancement have resulted in many urbanites working in window-sealed high-rise office buildings. Many researchers have found that indoor air quality (IAQ) affects tenantlandlord relationships, workers’ health and productivity, and building elements and systems. This may imply that IAQ could affect, positively or negatively, the value of buildings. This paper examines the impact of IAQ on the value of office buildings in Singapore. The results show that the return on investment in IAQ could be substantial (78.56%) while property values could increase by 1.28% to 3.85%. The findings could be of interest and usefulness to valuers and investors in office properties in Singapore and thus, help to promote sustainability in office property developments.

Type: Article
Title: Indoor Air Quality and Office Property Value
Open access status: An open access version is available from UCL Discovery
Publisher version: http://www.josre.org/2-05-indoor-air-quality-and-o...
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/1530074
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