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

Chen-Yi Sun, Yin-Guang Chen, Rong-Jing Wang, Shih-Chi Lo, Jyh-Tyng Yau and Ya-Wen Wu
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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

Sustainability, 2019, vol. 11, issue 8, 1-10

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.

Keywords: policy; sustainable development; environmental friendly; evaluation system (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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