The Business Times
business-time-50

Do green buildings command better prices? The evidence is limited, although other benefits add up

google-preferred-sourceAdd BT as a preferred source

Samuel Oh

Published Mon, Nov 6, 2023 · 05:00 AM
    • There has been no data to support any valuation differential between green mark buildings and non-green mark ones, says Desmond Sim, chief executive officer of Edmund Tie.
    • There has been no data to support any valuation differential between green mark buildings and non-green mark ones, says Desmond Sim, chief executive officer of Edmund Tie. PHOTO: BT FILE

    THE real estate market in Singapore has yet to yield conclusive data that green buildings are able to command higher rents or valuations, calling into question the substantial investments by landlords and developers into green features and certifications.

    Valuation professionals have also not yet begun to incorporate penalties for so-called brown buildings when ascribing property values.

    Valuers The Business Times spoke to said there is insufficient evidence supporting an explicit premium for green buildings.

    ESGsustainabilitySingapore propertySpotlight

    TRENDING NOW

    Traffic through the strait has been resuming but with interruptions, and there is still little clarity over a permanent solution for passages through the chokepoint.

    Qatari LNG ship struck in Strait of Hormuz, testing US talks

    This comes after a Citi note on Tuesday that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

    DBS, OCBC and UOB shares hit all-time highs as sentiment improves

    Aster deputy CEO Andre Khor, citing the age of the “polycrisis”, says: “It’s very important to be agile, to be focused on execution… We don’t know all the answers but we keep going forward.”

    ‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis

    Singapore ranks as the world’s most expensive city for cars and placed third globally for residential property.

    Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More