The impact of green building approach to office property value

Sitanggang, Yosephine and Susanto, Dalhar (2017) The impact of green building approach to office property value. In: International Conference on Sustainability in Architectural Design and Urbanism, 9-10 Agustus, Semarang.

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A real estate development often produces negative impacts towards the environment such as the reduction of the ecological capacity in the site and its surroundings, energy exploitation, and excessive pollutant emission. To overcome these issues, the green building concept or approach has been adapted by several real estate businesses in Indonesia especially in the office sector. According to the data provided by GBCI in 2017, there are 17 buildings listed as a certified green building office in various levels. As what has been known, the green building approach results in the increase of price in the planning, construction and the building's maintenance. This paper will discuss about the research results regarding the effect of the green building approach towards the property value of office buildings especially in Jakarta. The research will be executed through the comparison method, which is the process of comparing office building that have already adapted the green building concept with the one that have not, or in other words, the conventional office buildings. Data gathering is done through observation and interviews with developers and building managers. The research results show that by adapting the green building approach for office buildings in Jakarta, the property value regarding the utility, scarcity, effective demands, and transferability aspect can increase.

Item Type: Conference or Workshop Item (Paper)
Subjects: 300 Social Sciences > 300 Social sciences, sociology and anthropology > 307 Communities (Incl. Indigenous, Rural, Suburban and Urban Communities)
700 Arts and Recreation > 710 Area Planning and Landscape Architecture
700 Arts and Recreation > 720 Architecture > 720 Architecture
Divisions: Faculty of Art & Design > Architecture
Depositing User: Administrator UMN Library
Date Deposited: 05 Mar 2020 02:39
Last Modified: 05 Aug 2022 06:53

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