Green building valuation; From a valuers' perspective

• Published in: AIP Conference Proceedings
• Main Author: Abdullah L.; Mohd T.; Pin S.F.C.; Ahmad N.
• Format: Conference paper
• Language: English
• Published: American Institute of Physics Inc. 2018
• Online Access: https://www.scopus.com/inward/record.uri?eid=2-s2.0-85055574571&doi=10.1063%2f1.5062690&partnerID=40&md5=ef86120b27f43f3a63a292e5920a23b7

The world recognizes the green building as one of the sustainable agendas in property development. Literature and research grow to understand more about the economic of green using green building in the most country as case studies. In the line that, the property player should also recognize green element as a factor that impacts the value of the building. The purpose of this research is to highlight the role of valuer in valuing green building. Their extent knowledge and experience in property development should, therefore, create a better understanding of a green concept and incorporate in the valuation practice. Thus, it can expand and support the benefit of having green in property development. The survey was done among valuers in Malaysia, to explores their perception and experience in handling green building valuation. Green building was introduced in Malaysia in 2009 through the establishment of Green Building Index also known as GBI as an assessment tools to measure the greenness of building. The evolution of green building development and green building assessment tool are rapidly increase, but the findings show that some valuers knowledge and awareness are slightly below at par. A face-to-face interview conducted among valuers with 10-years and above experience in valuation practice. However, the result and discussion found that to integrate green element in the current practice of valuation is less visible. Even various case studies of the green building show the benefit and positive impact in the economic context. This research also identifies whether the valuer's role should elaborate more in demonstrating the awareness and acceptance of sustainable in the property market. Further, future continues professional development should highlight these trend and changes in property development practice. © 2018 Author(s).