Green Building to remain robust in Singapore

Singapore

New global report finds that Singapore is an important, growing market for
green building products and services

London, 16 February 2016 – Singapore is the country with the highest level of green building involvement, according to a latest report published today by Dodge Data & Analytics and United Technologies Corporation (UTC), with the World Green Building Council (WorldGBC) as a research partner.

In the latest World Green Building Trends 2016, Developing Markets Accelerate Global Green Growth report, 97 percent of Singapore-based respondents indicated that they are engaged in some degree of green building, the highest level of involvement among all countries surveyed. The report also indicates that the growth of green building activity in Singapore is expected to remain robust from 2015 through 2018, with most of the Singapore-based survey respondents committing to do more than 60 percent of their projects green.

Singapore is also poised to be a global leader in four green building sectors over the next three years:

  • Retrofitting of existing buildings: highest percentage of survey respondents who indicated that they will engage in green retrofits of existing buildings in the next three years.
  • New commercial construction: 53 percent of Singapore-based respondents expect to do new commercial projects in the next three years, above the global average of 46 percent.
  • New institutional construction: at 48 percent of survey respondents, Singapore leads in the area of constructing new healthcare facilities, schools, public buildings, etc.
  • New high-rise residential: Singapore leads this sector with 48 percent, tied with India.

The report also states that global green building continues to double every three years. In addition, the most widely reported benefit worldwide is lower operating costs from green buildings, once again reiterating that green buildings also make business sense.
“This study offers further evidence on the strong business case for green building – the growth of which is now truly a global phenomenon,” remarks Ms Terri Wills, CEO of the WorldGBC,

“Green building is playing a critical role in the development of many emerging economies, particularly as their populations grow and create a pressing need for a built environment that is both sustainable and ensures a high quality of life.”

The positive survey results come as good news for the green building industry, as certified green building services and solutions would continue – and even increase – in demand. “The survey reinforces our belief that there is great support for building green and the market is growing and maturing with even greater significance placed on innovative, high performance green building solutions,” says Mr Chia Ngiang Hong, President of the Singapore Green Building Council (SGBC). “SGBC certifies green building products and services for their environmental performance in buildings, and we have seen greater interest and demand for such certified products and services from the industry as green building continues to gain traction.”

The study features the results from more than 1,000 survey participants from 69 countries – including Green Building Councils and their corporate members, from architects and contractors to building owners and engineers. It follows a series of trending research studies – the most recent one from 2012 – which also saw strong participation and support from Green Building Councils around the world. For these surveys, a green project is identified as one that is either certified or built to qualify for certification under a recognised green standard, such as the Building and Construction Authority’s (BCA) Green Mark Scheme.

Along with the WorldGBC as a research partner, the World Green Building Trends 2016, Developing Markets Accelerate Global Green Growth report is produced by Dodge Data & Analytics in partnership with UTC as well as Saint-Gobain, both members of the WorldGBC Corporate Advisory Board.

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For media enquiries, please contact:
James Tan
Manager (Communications & Programmes), SGBC
Tel: 6732-5518
Mobile: 9800-4815
Email: james_tan@sgbc.sg

About Singapore Green Building Council

Established in 2009, the Singapore Green Building Council (SGBC) champions efficient green building design, practices and technologies that drive environmental sustainability in the building and construction industry.

SGBC administers the Singapore Green Building Product & Services (SGBP & SGBS) labelling schemes, setting standards and benchmarks for green building products and services in Singapore and the region.

As an Established Member of the World Green Building Council, SGBC is also part of a wide global network of green building councils in more than a hundred countries.

For more information, visit www.sgbc.sg

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