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An Exploratory Analysis of Risks in Green Residential Building Construction Projects: The Case of Singapore

Author

Listed:
  • Bon-Gang Hwang

    (Department of Building, National University of Singapore, Architecture Drive 4, Singapore 117566, Singapore)

  • Ming Shan

    (Department of Building, National University of Singapore, Architecture Drive 4, Singapore 117566, Singapore)

  • Helena Phua

    (Department of Building, National University of Singapore, Architecture Drive 4, Singapore 117566, Singapore)

  • Seokho Chi

    (Department of Civil and Environmental Engineering, Seoul National University, 1 Gwanak-Ro, Gwanak-Ku, Seoul 08826, Korea
    The Institute of Construction and Environmental Engineering (ICEE), 1 Gwanak-Ro, Gwanak-Ku, Seoul 08826, Korea)

Abstract

Recently, an increasing number of green residential buildings have been developed worldwide owing to active promotion from the authorities and increasing interest from customers. However, in the same way as traditional residential buildings, the construction of green residential buildings faces various risks. The aims of this study are to identify and assess the diverse risks in green residential building construction projects, compare their risk criticalities with those in traditional counterparts, and propose helpful risk mitigation measures. To achieve these goals, a comprehensive literature review was first conducted, and a questionnaire was then administered to 30 construction companies in Singapore. Survey results showed that “complex procedures to obtain approvals”, “overlooked high initial cost”, “unclear requirements of owners”, “employment constraint”, and “lack of availability of green materials and equipment” were the top five critical risks in green residential building construction projects. Survey results also showed that green residential building projects were facing risks at a more critical level than those traditional residential building projects. Additionally, this study proposed fourteen risk mitigation measures to tackle the risks in green residential building construction projects. This study has contributed to the body of knowledge by identifying and evaluating the critical risks and mitigation measures in green residential building construction projects. Meanwhile, the findings from this study can also provide an in-depth understanding of risk management in green residential building construction projects to practitioners and thus benefit the practice.

Suggested Citation

  • Bon-Gang Hwang & Ming Shan & Helena Phua & Seokho Chi, 2017. "An Exploratory Analysis of Risks in Green Residential Building Construction Projects: The Case of Singapore," Sustainability, MDPI, vol. 9(7), pages 1-21, June.
    • Handle: RePEc:gam:jsusta:v:9:y:2017:i:7:p:1116-:d:102636
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    References listed on IDEAS

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    2. Agarwal, Sumit & Satyanarain, Rengarajan & Sing, Tien Foo & Vollmer, Derek, 2016. "Effects of construction activities on residential electricity consumption: Evidence from Singapore's public housing estates," Energy Economics, Elsevier, vol. 55(C), pages 101-111.
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    Cited by:

    1. Peng Wu & Yongze Song & Jun Wang & Xiangyu Wang & Xianbo Zhao & Qinghua He, 2017. "Regional Variations of Credits Obtained by LEED 2009 Certified Green Buildings—A Country Level Analysis," Sustainability, MDPI, vol. 10(1), pages 1-18, December.
    2. Shashank Bansal & Satya Prakash Mani & Himanshu Gupta & Shipra Maurya, 2023. "Sustainable development of the green bond markets in India: Challenges and strategies," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(1), pages 237-252, February.
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    6. Bon-Gang Hwang & Ming Shan, 2018. "Management Strategies and Innovations: Important Roles to Sustainable Construction," Sustainability, MDPI, vol. 10(3), pages 1-3, February.
    7. A. M. Alamdari & Y. Jabarzadeh & B. Adams & D. Samson & S. Khanmohammadi, 2023. "An analytic network process model to prioritize supply chain risks in green residential megaprojects," Operations Management Research, Springer, vol. 16(1), pages 141-163, March.
    8. Huihua Chen & Hujun Li & Yige Wang & Baoquan Cheng, 2020. "A Comprehensive Assessment Approach for Water-Soil Environmental Risk during Railway Construction in Ecological Fragile Region Based on AHP and MEA," Sustainability, MDPI, vol. 12(19), pages 1-17, September.
    9. Nasanjargal Erdenekhuu & Balázs Kocsi & Domicián Máté, 2022. "A Risk-Based Analysis Approach to Sustainable Construction by Environmental Impacts," Energies, MDPI, vol. 15(18), pages 1-21, September.
    10. Ming Shan & Bon-Gang Hwang & Lei Zhu, 2017. "A Global Review of Sustainable Construction Project Financing: Policies, Practices, and Research Efforts," Sustainability, MDPI, vol. 9(12), pages 1-17, December.
    11. Xue, Hong & Wu, Zezhou & Sun, Zhi & Jiao, Shuaishuai, 2021. "Effects of policy on developer's implementation of off-site construction: The mediating role of the market environment," Energy Policy, Elsevier, vol. 155(C).
    12. Ming Shan & Yu-Shan Li & Bon-Gang Hwang & Jia-En Chua, 2021. "Productivity Metrics and Its Implementations in Construction Projects: A Case Study of Singapore," Sustainability, MDPI, vol. 13(21), pages 1-19, November.
    13. Liang Ma & Yun Le & Hongyang Li & Ruoyu Jin & Poorang Piroozfar & Mingqiang Liu, 2018. "Regional Comparisons of Contemporary Construction Industry Sustainable Concepts in the Chinese Context," Sustainability, MDPI, vol. 10(11), pages 1-17, October.
    14. 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.
    15. Weiping Jiang & Xianbo Zhao & Jiongbin Ni, 2017. "The Impact of Transformational Leadership on Employee Sustainable Performance: The Mediating Role of Organizational Citizenship Behavior," Sustainability, MDPI, vol. 9(9), pages 1-17, September.
    16. Farhad Taghizadeh-Hesary & Naoyuki Yoshino, 2020. "Sustainable Solutions for Green Financing and Investment in Renewable Energy Projects," Energies, MDPI, vol. 13(4), pages 1-18, February.
    17. Hung Duy Nguyen & Laura Macchion, 2023. "Risk management in green building: a review of the current state of research and future directions," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(3), pages 2136-2172, March.
    18. Shakir Ullah & Sergey Barykin & Ma Jianfu & Taher Saifuddin & Mohammed Arshad Khan & Ruben Kazaryan, 2023. "Green Practices in Mega Development Projects of China–Pakistan Economic Corridor," Sustainability, MDPI, vol. 15(7), pages 1-18, March.
    19. Jarosław Górecki & Manuel Díaz-Madroñero, 2020. "Who Risks and Wins?—Simulated Cost Variance in Sustainable Construction Projects," Sustainability, MDPI, vol. 12(8), pages 1-31, April.
    20. Li, Zeyun & Kuo, Tsung-Hsien & Siao-Yun, Wei & The Vinh, Luu, 2022. "Role of green finance, volatility and risk in promoting the investments in Renewable Energy Resources in the post-covid-19," Resources Policy, Elsevier, vol. 76(C).
    21. Jorge E. Galán & Yong Tan, 2024. "Green light for green credit? Evidence from its impact on bank efficiency," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(1), pages 531-550, January.
    22. Lin Zhang & Liwen Chen & Zezhou Wu & Sizhen Zhang & Huanbin Song, 2018. "Investigating Young Consumers’ Purchasing Intention of Green Housing in China," Sustainability, MDPI, vol. 10(4), pages 1-15, April.
    23. Pengcheng Xiang & Fuyuan Jia & Xiaohui Li, 2018. "Critical Behavioral Risk Factors among Principal Participants in the Chinese Construction Industry," Sustainability, MDPI, vol. 10(9), pages 1-22, September.
    24. Yi Gao & Gaosheng Yang & Qiuhao Xie, 2020. "Spatial-Temporal Evolution and Driving Factors of Green Building Development in China," Sustainability, MDPI, vol. 12(7), pages 1-21, April.
    25. Sadaf Dalirazar & Zahra Sabzi, 2022. "Barriers to sustainable development: Critical social factors influencing the sustainable building development based on Swedish experts' perspectives," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(6), pages 1963-1974, December.

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