IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v11y2019i8p2195-d222161.html
   My bibliography  Save this article

Construction Cost of Green Building Certified Residence: A Case Study in Taiwan

Author

Listed:
  • Chen-Yi Sun

    (Department of Land Economics, National Chengchi University, Taipei 11605, Taiwan)

  • Yin-Guang Chen

    (Department of Land Economics, National Chengchi University, Taipei 11605, Taiwan)

  • Rong-Jing Wang

    (Architecture and Building Research Institute, Ministry of the Interior, New Taipei City 23143, Taiwan)

  • Shih-Chi Lo

    (Architecture and Building Research Institute, Ministry of the Interior, New Taipei City 23143, Taiwan)

  • Jyh-Tyng Yau

    (Architecture and Building Research Institute, Ministry of the Interior, New Taipei City 23143, Taiwan)

  • Ya-Wen Wu

    (Department of Electronic Banking, Land Bank of Taiwan, Taipei 10047, Taiwan)

Abstract

The green building certification system of Taiwan, EEWH (Ecology, Energy Saving, Waste Reduction and Health), has been in operation for more than 20 years (since 1999). In order to understand the relationship between green building certification and the construction costs of residential buildings, this study obtained 37 green building-certified residential cases and 36 general residential cases available from public information and conducted a comparative analysis. The results of this study showed that the average construction cost of a green building certification residential building was only 1.58% higher than a general residential building, indicating that green building certification does not require a large increase in costs. However, for residential buildings, achieving a high-grade (gold-grade or diamond-grade) green building certification means an increase of 6.7% to 9.3% in construction costs. This shows that the pursuit of higher levels of green building certification does require higher construction costs. In addition, the results of this study can not only provide important references for the government in making green building policies, but also offer a practical strategy for developers for decision-making.

Suggested Citation

  • Chen-Yi Sun & Yin-Guang Chen & Rong-Jing Wang & Shih-Chi Lo & Jyh-Tyng Yau & Ya-Wen Wu, 2019. "Construction Cost of Green Building Certified Residence: A Case Study in Taiwan," Sustainability, MDPI, vol. 11(8), pages 1-10, April.
    • Handle: RePEc:gam:jsusta:v:11:y:2019:i:8:p:2195-:d:222161
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/11/8/2195/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/11/8/2195/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ramya Rajajagadeesan Aroul & J. Andrew Hansz, 2012. "The Value of "Green": Evidence from the First Mandatory Residential Green Building Program," Journal of Real Estate Research, American Real Estate Society, vol. 34(1), pages 27-50.
    2. Jiyoung Park & Jungwon Yoon & Kwang-Hyun Kim, 2017. "Critical Review of the Material Criteria of Building Sustainability Assessment Tools," Sustainability, MDPI, vol. 9(2), pages 1-24, January.
    3. Shazmin, S.A.A. & Sipan, I. & Sapri, M., 2016. "Property tax assessment incentives for green building: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 60(C), pages 536-548.
    4. Chen-Yi Sun & Yen-An Chen & Xiuzhi Zhang, 2019. "Key Factors in the Success of Eco-Communities in Taiwan’s Countryside: The Role of Government, Partner, and Community Group," Sustainability, MDPI, vol. 11(4), pages 1-11, February.
    5. Pasquale Marcello Falcone & Enrica Imbert, 2018. "Social Life Cycle Approach as a Tool for Promoting the Market Uptake of Bio-Based Products from a Consumer Perspective," Sustainability, MDPI, vol. 10(4), pages 1-22, March.
    6. Brian Edwards, 2006. "Benefits of green offices in the UK: analysis from examples built in the 1990s," Sustainable Development, John Wiley & Sons, Ltd., vol. 14(3), pages 190-204.
    7. Ye, Ling & Cheng, Zhijun & Wang, Qingqin & Lin, Wenshi & Ren, Feifei, 2013. "Overview on Green Building Label in China," Renewable Energy, Elsevier, vol. 53(C), pages 220-229.
    8. Jae-Yong Park & Sul-Geon Choi & Da-Kyung Kim & Min-Chul Jeong & Jung-Sik Kong, 2017. "Credit Optimization Algorithm for Calculating LEED Costs," Sustainability, MDPI, vol. 9(9), pages 1-19, September.
    9. David Lorenz & Thomas Lützkendorf, 2008. "Sustainability in property valuation: theory and practice," Journal of Property Investment & Finance, Emerald Group Publishing Limited, vol. 26(6), pages 482-521, September.
    10. Kuo, Chung-Feng Jeffrey & Lin, Chieh-Hung & Hsu, Ming-Wen, 2016. "Analysis of intelligent green building policy and developing status in Taiwan," Energy Policy, Elsevier, vol. 95(C), pages 291-303.
    11. Zhang, Yurong & Wang, Jingjing & Hu, Fangfang & Wang, Yuanfeng, 2017. "Comparison of evaluation standards for green building in China, Britain, United States," Renewable and Sustainable Energy Reviews, Elsevier, vol. 68(P1), pages 262-271.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Shaoliang Li & Xiazhong Zheng & Qin Zeng, 2023. "Can Green Finance Drive the Development of the Green Building Industry?—Based on the Evolutionary Game Theory," Sustainability, MDPI, vol. 15(17), pages 1-17, August.
    2. Lawrence Fulton & Bradley Beauvais & Matthew Brooks & Clemens Scott Kruse & Kimberly Lee, 2020. "A Publicly Available Cost Simulation of Sustainable Construction Options for Residential Houses," Sustainability, MDPI, vol. 12(7), pages 1-19, April.
    3. Soad Abokhamis Mousavi, 2022. "Sustainable Hotel Building Local Assessment Model: A Case of Northern Cyprus," Sustainability, MDPI, vol. 14(19), pages 1-21, October.
    4. Wei-Ling Tsou & Chen-Yi Sun, 2021. "Consumers’ Choice between Real Estate Investment and Consumption: A Case Study in Taiwan," Sustainability, MDPI, vol. 13(21), pages 1-13, October.
    5. Tsai, I-Chun, 2024. "A wise investment by urban governments: Evidence from intelligent sports facilities," Journal of Asian Economics, Elsevier, vol. 92(C).
    6. Ioannis Vardopoulos & Ioannis Vannas & George Xydis & Constantinos Vassiliades, 2023. "Homeowners’ Perceptions of Renewable Energy and Market Value of Sustainable Buildings," Energies, MDPI, vol. 16(10), pages 1-18, May.
    7. Odey Alshboul & Ali Shehadeh & Ghassan Almasabha & Ali Saeed Almuflih, 2022. "Extreme Gradient Boosting-Based Machine Learning Approach for Green Building Cost Prediction," Sustainability, MDPI, vol. 14(11), pages 1-20, May.
    8. Redouan Assadiki & Gérard Merlin & Hervé Boileau & Catherine Buhé & Fouzi Belmir, 2022. "Status and Prospects of Green Building in the Middle East and North Africa (MENA) Region with a Focus on the Moroccan Context," Sustainability, MDPI, vol. 14(19), pages 1-24, October.

    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. Xiaodong Yang & Jiayu Zhang & Xianbo Zhao, 2018. "Factors Affecting Green Residential Building Development: Social Network Analysis," Sustainability, MDPI, vol. 10(5), pages 1-21, May.
    2. Zhang, Li & Wu, Jing & Liu, Hongyu, 2018. "Policies to enhance the drivers of green housing development in China," Energy Policy, Elsevier, vol. 121(C), pages 225-235.
    3. Hao Wang & Pen-Chi Chiang & Yanpeng Cai & Chunhui Li & Xuan Wang & Tse-Lun Chen & Shiming Wei & Qian Huang, 2018. "Application of Wall and Insulation Materials on Green Building: A Review," Sustainability, MDPI, vol. 10(9), pages 1-21, September.
    4. Nappi-Choulet, Ingrid & Décamps, Aurélien, 2011. "Is Sustainability Attractive for Corporate Real Estate Decisions ?," ESSEC Working Papers WP1106, ESSEC Research Center, ESSEC Business School.
    5. 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.
    6. Anh-Duc Pham & Quang Trung Nguyen & Duc Long Luong & Quynh Chau Truong, 2020. "The Development of a Decision Support Model for Eco-Friendly Material Selection in Vietnam," Sustainability, MDPI, vol. 12(7), pages 1-19, April.
    7. Ingrid Nappi-Choulet & Aurélien Decamps, 2012. "The impact of energy efficiency and green performance on the value of corporate real estate portfolios," ERES eres2012_145, European Real Estate Society (ERES).
    8. Zhang, Xiaoling, 2015. "Green real estate development in China: State of art and prospect agenda—A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 47(C), pages 1-13.
    9. Ingrid Nappi-Choulet & Aurelien Decamps, 2013. "Can Sustainability Enhance Business District Attractiveness? A Survey of Corporate Property Decisions in France," Urban Studies, Urban Studies Journal Limited, vol. 50(16), pages 3283-3304, December.
    10. Sung-Lin Hsueh & Yuan Feng & Yue Sun & Ruqi Jia & Min-Ren Yan, 2021. "Using AI-MCDM Model to Boost Sustainable Energy System Development: A Case Study on Solar Energy and Rainwater Collection in Guangdong Province," Sustainability, MDPI, vol. 13(22), pages 1-25, November.
    11. Keyvanfar, Ali & Shafaghat, Arezou & Abd Majid, Muhd Zaimi & Bin Lamit, Hasanuddin & Warid Hussin, Mohd & Binti Ali, Kherun Nita & Dhafer Saad, Alshahri, 2014. "User satisfaction adaptive behaviors for assessing energy efficient building indoor cooling and lighting environment," Renewable and Sustainable Energy Reviews, Elsevier, vol. 39(C), pages 277-295.
    12. Lihua Liang & Baohua Wen & Feng Xu & Jianwei Yan & Xiangqi Yan & S. Ramesh, 2021. "Linking the Development of Building Sustainability Assessment Tools with the Concept Evolution of Sustainable Buildings," Sustainability, MDPI, vol. 13(22), pages 1-23, November.
    13. Wang, Ge & Li, Yang & Zuo, Jian & Hu, Wenbo & Nie, Qingwei & Lei, Heqian, 2021. "Who drives green innovations? Characteristics and policy implications for green building collaborative innovation networks in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 143(C).
    14. Mustaffa, Nur Kamaliah & Kudus, Sakhiah Abdul, 2022. "Challenges and way forward towards best practices of energy efficient building in Malaysia," Energy, Elsevier, vol. 259(C).
    15. Hannah Karlewski & Annekatrin Lehmann & Klaus Ruhland & Matthias Finkbeiner, 2019. "A Practical Approach for Social Life Cycle Assessment in the Automotive Industry," Resources, MDPI, vol. 8(3), pages 1-60, August.
    16. Pasquale Marcello Falcone & Edgardo Sica, 2019. "Assessing the Opportunities and Challenges of Green Finance in Italy: An Analysis of the Biomass Production Sector," Sustainability, MDPI, vol. 11(2), pages 1-14, January.
    17. Padi, Richard Kingsley & Douglas, Sean & Murphy, Fionnuala, 2023. "Techno-economic potentials of integrating decentralised biomethane production systems into existing natural gas grids," Energy, Elsevier, vol. 283(C).
    18. Liu, Zhijian & Liu, Yuanwei & He, Bao-Jie & Xu, Wei & Jin, Guangya & Zhang, Xutao, 2019. "Application and suitability analysis of the key technologies in nearly zero energy buildings in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 101(C), pages 329-345.
    19. 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).
    20. Weimin Ma & Zitong Ren & Hua Ke, 2022. "Green Housing Subsidy Strategies Considering Consumers’ Green Preference," Sustainability, MDPI, vol. 14(5), pages 1-22, February.

    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:gam:jsusta:v:11:y:2019:i:8:p:2195-:d:222161. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.