Salvage value of green buildings in Malaysia / Fiona Loo

Fiona , Loo (2023) Salvage value of green buildings in Malaysia / Fiona Loo. Masters thesis, Universiti Malaya.

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Abstract

As the market increasingly recognize the benefits of green projects and show willingness to pay a premium for them, developers are proactively presenting green sustainable construction projects as a competitive edge in the industry and to enhance their profit margins. However, most of the studies have focused on the overall value of green buildings rather than the salvage value of the green components which is one of the important components of building’s life cycle cost. Therefore, this paper aim to develop a framework for salvage value of green components for the use by property and estate valuers and quantity surveyors. The objective of this study is to identify the green components ideal for Malaysia’s tropical environment. And also determining factors contribute to the condition of salvage value of the green components and then analyzing the salvage value of green components. The study involves a literature review of academic and draws on data relating to green components in green building, International green rating tools and salvage value. Using a quantitative methodology, this study sent 213 sets of questionnaire questionnaires to quantity surveyors, estate agents, and property valuers. But just 166 sets, or 77.9%, got a response. To ascertain the optimal green components for Malaysia's tropical climate, factors influencing the condition of green components, and the floating of salvage value of green components, mean analysis and Relative Important Index analysis were performed. In Malaysia's humid and hot atmosphere, the popularity of passive daylighting and natural ventilation techniques highlights their benefits. The length of time a green component is used and its proximity to disposal restrictions stand out as the most critical factors affecting green component's condition. In the result, the findings of this research paper could be beneficial to the construction industry by recognizing the hidden cost or value of assets after their useful life and taking building life cycle costing into account.

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