EcoWave

BCA-NUS study shows that greening existing buildings can increase property value

Retrofitting commercial buildings can lead to an increase in their property value. With an average expected savings in operating expenses of 10% resulting from the retrofitting, commercial buildings could reap an increase in capital value of about 2%. This is one of the key findings, of a joint study by the Building and Construction Authority (BCA) and the Department of Real Estate (DRE) in National University of Singapore (NUS), released in September this year. The study is aimed at evaluating whether Green Mark-rated commercial buildings have an impact on commercial property valuation.

Read more about this study at BCA’s website

In September, CapitaLand also signed the Green Pledge to show its commitment to attain higher energy efficiency of its existing buildings through the BCA Green Mark certification by 2020.