Building a Greener Future: Cost-Benefit Analysis of Green Building

Lim, Shun Yi (2021) Building a Greener Future: Cost-Benefit Analysis of Green Building. Final Year Project (Bachelor), Tunku Abdul Rahman University College.

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Abstract

Green building is getting more concern in construction industry nowadays. However, green building perceived to cost much more than conventional building and does not worth the additional cost. Hence, this dissertation is conducted and focused on the cost and benefit on green building. The main aim of the research is to determine the benefit of green building. Meanwhile, the objectives of the research are to identify the cost imposed in green building compared to conventional design, to examine the relationship between cost and benefit of green building and to examine the current life cycle costing of green building. The findings of the research show that despite high capital cost is needed to impose in green building project, people are willing to pay more in order to enjoy the financial benefits of green building in future. Literature review also proves that green building is a worthwhile economic investment if the total benefits throughout the building life cycle are larger than its additional cost imposed. By going through the case studies conducted, the specific green requirement of features and materials applied in order to gain certain green building rating are discovered. Limited scope of cost and benefit of green building is analysed to help researchers to understand the concept of green building in the aspect of cost and benefits.