Complete Property Market Updates of Singapore

June 16, 2008

More awards under Green Mark scheme

Filed under: Construction News,General,Property Add Value — Propertymarketupdates @ 4:23 am

MINISTER for National Development Mah Bow Tan emphasised the need for a sustainable built environment at the Building and Construction Authority Awards Night by announcing enhancements to the Green Mark scheme.

‘The scheme has been well accepted by the industry and is now a recognised achievement. With the green building movement in Singapore gaining momentum, it is timely to enhance the scheme and apply the Green Mark concept to the wider physical environment,’ he said.

The enhancements include two revisions to the Green Mark Incentive Scheme, a $20 million fund set aside in December 2006 to reward developers of projects certified Gold or above. A total of $2.6 million has been awarded to 17 projects so far.

The first change extends the incentive scheme to smaller buildings by reducing the minimum ground floor area eligibility requirement to 2,000 square metres from 5,000 sq m, while the second broadens it to include architects and engineers involved in new developments.

Offering architects and engineers monetary motivation to incorporate green features into building designs from Day One would lead to ‘lower green cost premiums’, defined as cost of greening over total construction cost, pointed out BCA chief executive John Keung.

Mr Mah also inaugurated the stringent Green Mark Champion award for developers. To qualify for the award, a developer or building owner must have no less than 10 projects rated Gold or above, with at least three Gold Plus and three Platinum awards.

With a stable of 21 projects rated Gold or above, including five Gold Plus and five Platinum efforts, City Developments Ltd was the sole recipient of the new award.

The subsequent benchmark, Green Mark Platinum Champion, demands no less than 50 Gold or above projects, of which at least 15 must be Gold Plus and at least 15 Platinum.

The final enhancement announced was the Green Mark for Parks scheme, a collaboration between BCA and the National Parks Board. Open to a wide variety of parks both here and overseas, it looks out for waste and material minimisation, water and energy efficiency, park management, and conservation and heritage.

Fort Canning Park and Sungei Buloh Wetland Reserve won Gold, while Chinese Garden attained certification. Key features at the parks include designated composting areas, use of rain water for cleaning and plant maintenance, and preservation of heritage trees.

Source : Business Times – 23 May 2008

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