China: Green Certificate Is Preferred by Developers

The number of developers applying for a green certificate for their buildings has risen dramatically since a policy change in 2011.

The policy requires developers to undergo the Green Building Council’s assessment if they want to be granted floor area concessions. They are awarded extra floor area for adding green features to their buildings.

The council’s figures showed that the number of projects registered for the assessment saw an almost 100 per cent jump – from just 11 in 2010 to 109 in 2011 and 194 last year. As of last month, 65 projects registered this year.

Almost half – 44 per cent – of the 379 projects were residential developments, while 17 per cent were commercial and 18 per cent were government buildings.

Council chairman Conrad Wong Tin-cheung said Hong Kong would soon have even more green buildings, as the government was considering requiring the new developments in Kai Tak and West Kowloon to attain the second highest level of the green building rating.

“The increase is encouraging. Developers have found that they can save a lot with a little more cost, which can be recovered in four to five years,” he said.

Wong added that the council would be launching a green certification scheme for good interior design by the end of the year or early next year.

Source: South China Moring Post

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