With the growing shift towards the inclusion of green credentials in buildings, Singapore has been leading the way in sustainable development. As the main obstacle is the initial construction cost, some developers have taken to upgrading older buildings. According to a study by the Urban Land Institute, retrofitting systems could cut energy costs by 15% to 35%, subject to the level of investment.
With the pressure from government regulations, as well as a higher demand for environment construction, greenfield developments will need to become green developments. Melissa Baker, senior vice president of LEED Technical development at U.S. Green Building Council is a strong advocate: “Apart from the obvious environmental benefit, going green in real estate investment also offers significant operating cost savings, shorter payback periods and an overall increase in the asset value.”
Picture credits: https://www.todayonline.com/singapore/singapore-leads-green-architecture-sustainable-building-design-asia
If retrofitting is the desired objective, we