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

Sun, Chuanwen; Chen, Yin-Guang; Wang, Rong-Jing; Lo, Shih-Chi; Yau, Jyh-Tyng; Wu, Yuehui

doi:10.3390/su11082195

Cited by 29 publications

(18 citation statements)

References 49 publications

(51 reference statements)

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Even though a section of the literature attributed the high-cost of GB to green features, sustainability concern is a negligible aspect of the total building systems (Emmanuel, 2011). Moreover, as ordinary certification is possible at a lower extra cost than feared (Ekung, 2019; Sun et al , 2019), CMs correlates with the misunderstanding of cost factors. The substance of extra cost is soft costs-dependent (Abidin and Azizi, 2016), hence, linking high-cost to hard cost is both overvalued and overestimated beliefs (Kovach et al , 2015).…”

Section: Discussionmentioning

confidence: 99%

“…These studies reported a cost premium greater than 15% to show that CMs exist in communicating the cost of GB. Against the reported high-cost premiums, ordinary certification is achievable at zero extra cost (Ekung, 2019;Sun et al, 2019). The costs could be cheaper or equal to the costs of an alternate construction approach (Sherwin, 2006;Mapp et al, 2011;Dobson et al, 2013).…”

Section: Cost Misperceptions and Their Factual Positionsmentioning

confidence: 99%

“…CMs portray GB as more prohibitive, preventing adoption, and misreads capital cost as the first cost (Sherwin, 2006;SBMS, 2019) and a commodity-related barrier to their adoption (Chau et al, 2013). Stakeholders held to CMs oblivious of their technically non-factual dispositions (Sun et al, 2019), therefore, improving CM is strategic to growing the adoption of GB (Darko et al, 2017). CMs and the resultant high-cost perceptions are an unwanted dilemma for stakeholders in the decision to adopt GB (Zhou and Lowe, 2003).…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Demystifying cost misperception as a challenge to green building adoption in Nigeria

Ekung

Odesola

Opoku

2021

JEDT

View full text Add to dashboard Cite

Purpose The pertinent information about green buildings (GB) is laden with cost misperceptions (CM) that are paraded into adoption decisions without factual clarifications. The unsupported beliefs are fundamental to the disparaging low adoption of related technologies globally. The purpose of this paper is to explore the causes of CMs among construction stakeholders and why is it difficult to discredit this information? Design/methodology/approach The research adopted two-tier approaches involving a Delphi study and a questionnaire survey. Construction stakeholders and GB experts, totalling 415 were surveyed, while 12 professionals participated in the Delphi study. This study analysed data from 254 valid responses using Factor Analysis, Fussy Set Theory and Kruskal Wallis test to explain why CMs are prevalent. Findings The causes of CMs converge towards seven principal factors including low knowledge of GB practices, non-familiarity with performance metrics, inadequate evidence, poor-risk perceptions and reliance on the costs of exemplar projects. The results were explained using gaps in cost management, knowledge and sustainability accounting to show the critical improvements that can benefit GB adoption. Practical implications CMs are not abstract but develop from patterns that can be detected and understood within a specific context. Growing GB projects within a region would improve cost information, sustainability accounting, cost management and quality of evidence. GB cost information paraded into adoption decision processes are overestimated and overvalued beliefs of their financial implications. Tackling the important sources of CMs in the study is appropriate to improve rational decision-making aiding GB adoption. Originality/value This study untied causes of negative dispositions towards the cost of GB that distort stakeholders’ adoption decisions.

show abstract

Section: Discussionmentioning

confidence: 99%

Section: Cost Misperceptions and Their Factual Positionsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Demystifying cost misperception as a challenge to green building adoption in Nigeria

Ekung

Odesola

Opoku

2021

JEDT

View full text Add to dashboard Cite

show abstract

“…The varieties of value and cost-saving encountered run parallel with making plans and design of the building. [49] Initial cost reduction…”

Section: Energy Cost Savingmentioning

confidence: 99%

Sustainable Building Plan-Design, Construction, Performance, and Renovation Criteria

Chan¹,

Khoeng²,

Ung³

et al. 2021

Preprint

View full text Add to dashboard Cite

Published data or available literature on sustainable building plan-design, construction, performance, and renovation criteria have covered some stages or some parts of each stage. These data usually have been published partially in many different papers―there have not been any papers that published these data together. Hence, this paper aims to collectively review these data and publish them together. The collection and review of these data were carried out by our twenty-five team members who specialized in sustainable urban, architectural, and civil engineering and construction management. The gathered and reviewed outputs were combined and validated based on a general group consensus. This consensus decision-making proceeded through two major group meetings with several follow-up meetings. The first major meeting was to combine and improve the gathered reviewed sustainable building criteria for Cambodia. The second major meeting was to validate the improved reviewed sustainable building criteria for Cambodia. The several follow-up meetings were to discuss the relevance and importance of the validated data “criteria and their classifications and descriptions” in all stages and more focused on their importance and applicability to Cambodia. The collective reviewed data in this paper would be useful to researchers in the fields. They could also be useful collective knowledge and information for policymakers from governmental agencies and development partners, particularly for sustainable building and construction companies.

show abstract

“…One the other hand, a study created a model to identify a powerful driver of the housing market: the ability of young households to afford the down payment on a starter home, and in particular, their income [34]. There is even a study that shows that higher-income households exhibit a higher willingness to pay for green features (ecolabelled buildings) [35], even if the results of the study show that the cost of a building with a green label is not more expensive [36]. One paper focusing on house prices and household income in Taiwan found that the slow increase in income may just sustain the long-run trend in house prices [37].…”

Section: • Average Household Monthly Incomementioning

confidence: 99%

Consumers’ Choice between Real Estate Investment and Consumption: A Case Study in Taiwan

Tsou

Sun

2021

Sustainability

Self Cite

View full text Add to dashboard Cite

Real estate has two major characteristics, representing a consumption good and an investment good. Family housing demands are affected by various factors such as family members, the stage that the current house is at in its life cycle, income, location preferences, and so on. To understand which kind of homebuyer backgrounds will increase the proportion of residential investment, this study applies a multinomial logit model to analyze the probability of investment or consumption decisions made by home buyers from different backgrounds in Taiwan. Empirical data show that middle-aged singles and middle-aged couples are less likely to purchase houses to be their personal residence. For young couples and young families, having a personal residence is still a primary consideration, which means that this need is a result of how they are in the early stages of their life cycle when they are not yet financially stable and may expect to have (or already have) children. Families with children show a higher demand for changing residences, which is why full-nest families and three-generation families are more frequently the owners of their personal residence. In addition, the purchase motives of full-nest families include their view of real estate as an investment good, which means that the purchasers have a stable family structure and a degree of financial stability. It also means that with their children growing up, these purchasers exhibit a higher demand for purchasing real estate as an investment the next time they change residence.

show abstract

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

Cited by 29 publications

References 49 publications

Demystifying cost misperception as a challenge to green building adoption in Nigeria

Demystifying cost misperception as a challenge to green building adoption in Nigeria

Sustainable Building Plan-Design, Construction, Performance, and Renovation Criteria

Consumers’ Choice between Real Estate Investment and Consumption: A Case Study in Taiwan

Contact Info

Product

Resources

About