The Business Times
business-time-50

Retrofitting not always best for older buildings to meet new energy standards

google-preferred-sourceAdd BT as a preferred source

Bryan Kow

Published Mon, Jun 19, 2023 · 05:50 AM
    • Guoco Tower's high-performance glass facade reduces heat gain while letting in a large amount of daylight.
    • Guoco Tower's high-performance glass facade reduces heat gain while letting in a large amount of daylight. PHOTO: GUOCOLAND

    BY THE end of 2024, energy-intensive buildings will be subject to audits under a new Mandatory Energy Improvement (MEI) regime. 

    The Building and Construction Authority (BCA) estimates that, at present, 55 per cent of buildings are green by gross floor area (GFA). 

    However, some older buildings with poor energy performance do not meet the new minimum energy-performance standards, and their owners may face large bills in attempting to do so.

    Singapore propertySingapore commercial propertysustainabilitySpotlight

    TRENDING NOW

    Tribunal Magistrate Jared Kang described dismissal law as “a little more layered, difficult and unclear than it perhaps needed to be”.

    Firm loses wrongful dismissal case despite following termination clause

    The Vietnamese economy has long relied heavily on bank lending, straining commercial banks as they shoulder the bulk of the financing needed by companies and large infrastructure projects.

    Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks

    UOB’s asset quality was a recurring theme across all broker notes.

    Citi, OCBC downgrade UOB post-Q2 results; RHB upgrades on valuation

    Soilbuild and its executive chairman Lim Chap Huat are reportedly seeking unspecified damages over Brookfield’s alleged breach of their agreement.

    Soilbuild’s Lim Chap Huat sues Brookfield, claims it reneged on joint venture: WSJ

    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