UCL Discovery
UCL home » Library Services » Electronic resources » UCL Discovery

Incorporating Green Building Features into Property Valuation Practices

Marjanovic- Halburd, L; Ng, E; (2015) Incorporating Green Building Features into Property Valuation Practices. Journal for Facility Management , 10 pp. 24-38. Green open access

[img]
Preview
Text
Ng_Incorporating_Green_Building_Features.pdf

Download (2MB) | Preview

Abstract

The aim of this paper is to review the relationship between sustainability and property value in commercial real estate and provide some suggestions for valuers in recognising the sustainability features as part of property evaluation process. In doing so, the key factors that impact the valuation of commercial property are identified. The survey of stakeholders in Singapore’s real estate industry was also conducted. The findings indicate that the stakeholders generally recognise the importance of sustainability but with a strong focus on economic factors such as lower costs and asset financial performance. Though social benefits are recognised, their translation into financial value is more complex. Further quantitative and market studies are required to evidence the link between sustainable characteristics of buildings and their property value. Some guidelines have been proposed as a result of this study and they include improving data collection and storage, enhancement of the current valuation parameters to incorporate financial benefits of sustainability features as well as the need for continual learning and development in the area of sustainability.

Type: Article
Title: Incorporating Green Building Features into Property Valuation Practices
Location: Austria
Open access status: An open access version is available from UCL Discovery
Publisher version: http://repositum.tuwien.ac.at/ifm-journal/periodic...
Language: English
Additional information: The Journal for Facility Management is an open access journal, published under a CC-BY-NC license (https://creativecommons.org/licenses/by-nc/2.0/de/deed.en)
Keywords: green buildings, property valuation, real estate
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 > Bartlett School Env, Energy and Resources
URI: https://discovery.ucl.ac.uk/id/eprint/1551603
Downloads since deposit
546Downloads
Download activity - last month
Download activity - last 12 months
Downloads by country - last 12 months

Archive Staff Only

View Item View Item