Thailand : growth demand for green and intelligent building concept

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Designs for new offices, residential and hospitality projects in Thailand are now towards green and intelligent building as the main concept, where building owners are increasingly committed to an eco-friendly design and construction concept.

Aiming to become the ‘green city’ of Thailand, Bangkok will soon have more new green buildings while existing buildings will be renovated to reduce electricity bills and CO2 emissions.

According to Aliwassa Pattanathabut, Managing Director of CB Richard Ellis (Thailand), office tenants prefer more LEED certified buildings, especially with the LEED certified interior fit-outs policy. As well as for new buildings, older buildings could be updated and renovated to achieve green-building status, added Aliwassa.

Several number of office buildings in Bangkok have already undertaken LEED-certified fit-outs and achieved LEED Cl. v2.0 Gold certification.

LEED for new construction or Core and Shell certification applied to new building projects are particularly getting more familiar around people as several office buildings with LEED Core and Shell certification have existed in Bangkok, Thailand.

Despite having to pay more for initial costs, multinational firms expanding investments overseas, including Thailand, tend to rent out more green office spaces as opposed to traditional building designs. This is because a green building offers a better work and surrounding environment that leads to greater efficiency and well-being among their employees than if they were housed in a normal building. Moreover, business opportunities eventually open for tenants when office owners are interested in green buildings, or when they decide to renovate their office space as a green building. This may lead to opportunities to get higher income in the long term.

Due to the high demand for green and intelligent building concept, Thailand has established their new green building standard which is TREES, short for Thailand Rating of Energy and Environmental Sustainability. As part of the plan to build a ‘green city’, Bangkok plans to promote green buildings by giving bonus points entitling a developer to increase their floor area ratio by up to 20 per cent for a building that wins the TREES certification.

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