SINGAPORE (EDGEPROP) - Some 70% of firms in Asia Pacific are willing to pay a rental premium to lease sustainability-certified buildings in the future, according to a survey of 550 corporate real estate players by JLL. (See also: The greening of Singapore’s real estate)
About 90% of companies in Asia Pacific agree that tackling emissions from real estate is essential in achieving a net zero carbon agenda — signalling a new era in regional real estate portfolio leasing and investment, it states.
This is in line with broader real estate sustainability developments across Asia Pacific where 40% of corporate occupiers have already adopted net zero targets and another 40% are planning to adopt targets by 2025.
JLL notes that the regional real estate decarbonisation drive is also prompting 80% of corporate occupiers to prioritise locations that help them reduce carbon emissions while 65% of investors will focus more on green building investments.
“For companies operating in Asia Pacific, any meaningful reduction in carbon footprint is tied directly to real estate. Corporate occupiers will increasingly demand real estate solutions that complement their sustainability agenda. This will lead investors to prioritise green investments, propelling the real estate industry transformation towards future-ready green buildings,” says Anthony Couse, chief executive officer, APAC, JLL.
Organisations have identified several barriers in achieving their sustainable real estate goals, which include a lack of incentives from governments and support from landlords, comprising 70% of respondents. Three out of four companies surveyed also highlighted insufficient technological infrastructure as a hurdle to reaching their environmental goals. (See also Guoco Midtown sustainable features)
“Across Asia Pacific, society is shifting towards an emphasis on green and sustainable spaces in a bid to address the concerns on climate risk, and companies are willing to pay a premium to meet new demands,” says Roddy Allan, chief research officer, JLL Asia Pacific.
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Tom Vo
Director, Operations9 Jan 2023
Thank you Raymond for helping us handle 3 transactions smoothly:
1) Sell our old condo at Geylang at a reasonable price that both seller (me) and buyer are happy. He tried hard to bring in many viewers and that help to conclude the sales.
2) Help us to rent the place for us to stay for 3 years while waiting for the new condo to be ready. And we didn't have any issues with the landlord during ...Read More
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Project Manager3 Aug 2022
I write to commend Huttons agent, Raymond Chong, who helped me secure a good unit at Stirling Residences, and helped clarify all the issues for me as a first time investor. He also helped me with the unit handover, defects checking and supplier recommendations for the fittings, and proposed the leasing of the unit. He thinks ahead and helps forestall any issues from arising with his professional expertise and...Read More
