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Title: Green premium in green condo buildings? Evidence in Taiwan
Authors: 陳奉瑤
Chen, Fong-Yao
Peng, I-Wei
Liang, Jen-Hsu
Liang, Yin-Yu
Contributors: 地政系
Keywords: Buildings;Energy conservation;Housing;Maintenance;Regression analysis;Energy-saving effect;Green buildings;Green certifications;Green technology;Hedonic prices;Low maintenance;Maintenance cost;Quantile regression;Costs
Date: 2015-08
Issue Date: 2017-08-14 15:54:58 (UTC+8)
Abstract: This study investigates price effects of green technology on residential property. It is argued that no green premiums are added for EEWH, a green certification in Taiwan. The hedonic regression analysis is used to estimate price premium of green label/green feature. Result shows that price premium exist with green features but premium for green label is not significant on residential property. Moreover, low maintenance costs features have a positive impact on prices; high maintenance costs features have a negative impact on prices. In other words, maintenance cost is the main concern. The result seems to be common sense but is not consistent with the energy saving effect of green building. Except increase incentives in urban renewal, consider how to improve efficiency in the use of green building is needed in the near future. © 2015 Taylor & Francis Group, London, UK.
Relation: Green Building, Materials and Civil Engineering - Proceedings of the 4th International Conference on GreenBuilding, Materials and Civil Engineering, GBMCE 2014, (), 7-11
4th International Conference on Green Building, Materials and Civil Engineering, GBMCE 2014; Hong Kong; Hong Kong; 21 August 2014 到 22 August 2014; 代碼 123669
Data Type: conference
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