Green commercial, logistics properties hold their value better in pandemic: study
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ENVIRONMENTALLY friendly properties tended to perform better during the global pandemic, with generally smaller drops in valuations when compared to buildings without green certification, an analysis by the Institute of Real Estate and Urban Studies (IREUS) found.
It compared the changes in the values of properties held by Singapore-listed real estate investment trusts (S-Reits), across different sectors and countries, between fiscal years 2019 and 2020. The analysis, based on data extracted from the S-Reits' annual reports, excluded recently-acquired buildings, which did not have previous valuations for comparison.
Green commercial buildings in particular proved more resilient against Covid pandemic headwinds than their counterparts that are not green certified.
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