Green premium in green condo buildings? Evidence in Taiwan

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.