IDEAS home Printed from https://ideas.repec.org/a/bcp/journl/v8y2024i7p2272-2282.html
   My bibliography  Save this article

Perceptions of Potential Homebuyers in Purchasing Green Home

Author

Listed:
  • Shi Yee Wong

    (School of Built Environment, University of Technology Sarawak, 96000 Sibu, Sarawak, Malaysia)

  • Sing-Sing Wong

    (School of Built Environment, University of Technology Sarawak, 96000 Sibu, Sarawak, Malaysia)

  • Prescilla Anak Palis

    (School of Built Environment, University of Technology Sarawak, 96000 Sibu, Sarawak, Malaysia)

  • Chih Siong Wong

    (School of Built Environment, University of Technology Sarawak, 96000 Sibu, Sarawak, Malaysia)

  • Wai Wah Low

    (Faculty of Humanities and Health Sciences, Curtin University Malaysia, 98000 Miri, Sarawak, Malaysia)

Abstract

Reducing greenhouse gases emissions and embracing sustainable practices are vital to mitigating climate change. Malaysia’s introduction of the Green Building Index had certified residential projects, but with limited number related to the landed residential properties. The limitations highlighted green home implementation and its contributions toward sustainability goals. This study aimed to examine potential homebuyers’ perceptions of purchasing green home. A semi-structured interview was conducted with nine potential homebuyers who acknowledged their awareness of green homes. The findings suggested that energy-saving measures were the potential homebuyers’ key focus. Interviewees stressed their interest in purchasing green homes, but the interest is subjected to their financial capacity and the quality of the green home. This study provides insight to developers on the preferred green home features to allow developers to meet the demand of potential homebuyers and profit enhancement.

Suggested Citation

  • Shi Yee Wong & Sing-Sing Wong & Prescilla Anak Palis & Chih Siong Wong & Wai Wah Low, 2024. "Perceptions of Potential Homebuyers in Purchasing Green Home," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(7), pages 2272-2282, July.
  • Handle: RePEc:bcp:journl:v:8:y:2024:i:7:p:2272-2282
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijriss/Digital-Library/volume-8-issue-7/2272-2282.pdf
    Download Restriction: no

    File URL: https://rsisinternational.org/journals/ijriss/articles/perceptions-of-potential-homebuyers-in-purchasing-green-home/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hyland, Marie & Lyons, Ronan C. & Lyons, Seán, 2013. "The value of domestic building energy efficiency — evidence from Ireland," Energy Economics, Elsevier, vol. 40(C), pages 943-952.
    2. Nik Ramli Nik Abdul Rashid & Mohd. Rizaimy Shaharudin, 2017. "Customer's purchase intention for a green home," International Journal of Procurement Management, Inderscience Enterprises Ltd, vol. 10(5), pages 581-599.
    3. Sabrina Erlwein & Stephan Pauleit, 2021. "Trade-Offs between Urban Green Space and Densification: Balancing Outdoor Thermal Comfort, Mobility, and Housing Demand," Urban Planning, Cogitatio Press, vol. 6(1), pages 5-19.
    4. Yotam Rosner & Zohara Amitay & Amotz Perlman, 2022. "Consumer's attitude, socio-demographic variables and willingness to purchase green housing in Israel," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(4), pages 5295-5316, April.
    5. Ramya R. Aroul & Mauricio Rodriguez, 2017. "The Increasing Value of Green for Residential Real Estate," Journal of Sustainable Real Estate, Taylor & Francis Journals, vol. 9(1), pages 112-130, November.
    6. Fuerst, Franz & McAllister, Patrick & Nanda, Anupam & Wyatt, Peter, 2015. "Does energy efficiency matter to home-buyers? An investigation of EPC ratings and transaction prices in England," Energy Economics, Elsevier, vol. 48(C), pages 145-156.
    7. Nombulelo Dilotsotlhe, 2021. "Factors influencing the green purchase behaviour of millennials: An emerging country perspective," Cogent Business & Management, Taylor & Francis Journals, vol. 8(1), pages 1908745-190, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Evangelista, Rui & Ramalho, Esmeralda A. & Andrade e Silva, João, 2020. "On the use of hedonic regression models to measure the effect of energy efficiency on residential property transaction prices: Evidence for Portugal and selected data issues," Energy Economics, Elsevier, vol. 86(C).
    2. Collins, Matthew & Dempsey, Seraphim & Curtis, John, 2017. "Financial incentives for residential energy efficiency investments in Ireland: Should the status quo be maintained?," Papers WP562, Economic and Social Research Institute (ESRI).
    3. Fleckinger, Pierre & Glachant, Matthieu & Tamokoué Kamga, Paul-Hervé, 2019. "Energy Performance Certificates and investments in building energy efficiency: A theoretical analysis," Energy Economics, Elsevier, vol. 84(S1).
    4. Carroll, James & Denny, Eleanor & Lyons, Ronan C. & Petrov, Ivan, 2024. "Better energy cost information changes household property investment decisions: Evidence from a nationwide experiment," Energy Economics, Elsevier, vol. 139(C).
    5. Khazal, Aras & Sønstebø, Ole Jakob, 2020. "Valuation of energy performance certificates in the rental market – Professionals vs. nonprofessionals," Energy Policy, Elsevier, vol. 147(C).
    6. Taruttis, Lisa & Weber, Christoph, 2020. "Estimating the impact of energy efficiency on housing prices in Germany: Does regional disparity matter?," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224582, Verein für Socialpolitik / German Economic Association.
    7. Taruttis, Lisa & Weber, Christoph, 2022. "Estimating the impact of energy efficiency on housing prices in Germany: Does regional disparity matter?," Energy Economics, Elsevier, vol. 105(C).
    8. Andreas Mense, 2018. "The Value of Energy Efficiency and the Role of Expected Heating Costs," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 71(3), pages 671-701, November.
    9. Fuerst, Franz & Shimizu, Chihiro, 2016. "Green luxury goods? The economics of eco-labels in the Japanese housing market," Journal of the Japanese and International Economies, Elsevier, vol. 39(C), pages 108-122.
    10. de Ayala, Amaia & Galarraga, Ibon & Spadaro, Joseph V., 2016. "The price of energy efficiency in the Spanish housing market," Energy Policy, Elsevier, vol. 94(C), pages 16-24.
    11. Bertram I. Steininger & Claudia Nadler & Melanie Franke & Carolin Pommeranz, 2018. "Wahrnehmung des Energieausweises in hypothetischen und realen Mietentscheidungen auf dem deutschen Wohnimmobilienmarkt [Perception and Price Effect of Energy Performance Certificates on the German ," Zeitschrift für Immobilienökonomie (German Journal of Real Estate Research), Springer;Gesellschaft für Immobilienwirtschaftliche Forschung e. V., vol. 4(1), pages 29-48, November.
    12. Fuerst, Franz & Warren-Myers, Georgia, 2018. "Does voluntary disclosure create a green lemon problem? Energy-efficiency ratings and house prices," Energy Economics, Elsevier, vol. 74(C), pages 1-12.
    13. Geske, Joachim, 2022. "The value of energy efficiency in residential buildings – a matter of heterogeneity?!," Energy Economics, Elsevier, vol. 113(C).
    14. Hardy, A. & Glew, D., 2019. "An analysis of errors in the Energy Performance certificate database," Energy Policy, Elsevier, vol. 129(C), pages 1168-1178.
    15. Marmolejo-Duarte, Carlos & Onecha-Pérez, Belén, 2021. "The spatial uneven difussion of energy-efficiency transparency policy. An analysis of the multi-family market in Barcelona," Energy Policy, Elsevier, vol. 156(C).
    16. Katherine Brookfield & Charlotte Dimond & Susannah G. Williams, 2022. "Sustainability Messages in Residential Property Advertising," Sustainability, MDPI, vol. 15(1), pages 1-14, December.
    17. Ana-María Martínez-Llorens & Paloma Taltavull de La Paz & Raul-Tomas Mora-Garcia, 2020. "Effect of The Physical Characteristics of a Dwelling on Energy Consumption and Emissions: The Case of Castellón And Valencia (Spain)," Sustainability, MDPI, vol. 12(22), pages 1-20, November.
    18. Lu Zhang & Lennart Stangenberg & Sjors van Wickeren, 2020. "The information value of energy labels: Evidence from the Dutch residential housing market," CPB Discussion Paper 413.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
    19. Heffernan, Troy William & Daly, Matthew & Heffernan, Emma Elizabeth & Reynolds, Nina, 2021. "The carrot and the stick: Policy pathways to an environmentally sustainable rental housing sector," Energy Policy, Elsevier, vol. 148(PA).
    20. Ou, Yunbei & Bailey, Nick & McArthur, David Philip & Zhao, Qunshan, 2024. "The Price Premium of Residential Energy Performance Certificates: A Scoping Review of the European Literature," OSF Preprints bm9xk, Center for Open Science.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bcp:journl:v:8:y:2024:i:7:p:2272-2282. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Pawan Verma (email available below). General contact details of provider: https://rsisinternational.org/journals/ijriss/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.