, Feb. 2. Topic: Green buildings are gradually becoming mainstream in Asia. China's green buildings are developing rapidly.

  China-Singapore Finance and Economics reporter Yan Xiaohong

  The latest research report shows that green buildings are gradually becoming mainstream in Asia.

Green buildings in China started relatively late, but developed rapidly.

  The report "The Value of Sustainable Development: Strong Evidence for the Green Asset Premium in Asia" released by Jones Lang LaSalle on the 2nd shows that the pursuit of energy costs, sustainable development and decarbonization goals has become an increasing demand for green building leasing by corporate tenants. The main driving force is that the current green building market in Asia is still in short supply, and more and more companies are willing to pay more lease premiums to achieve their sustainable development goals.

  This report surveyed 3,089 Grade A office buildings in 14 major cities in Asia to assess the performance of assets with or without green qualifications in the relevant regions and markets.

The study found that since 2016, the proportion of Grade A office buildings with green certification has increased steadily, from 12% to 42%. As of the third quarter of 2022, the average stock of Grade A office buildings with green certification in Asia-Pacific cities will reach 42%. Among them, Singapore's performance is the most eye-catching, with a green building certification rate as high as 90%. Among the Chinese cities covered by the survey, Shanghai ranks first with 44% of the stock of Grade A office buildings obtaining LEED (Leadership in Energy and Environmental Design) certification, and Beijing ranks first. Followed by 41%, Guangzhou is 34%.

  According to the report, since the first Chinese building obtained LEED Gold certification in 2005, the number of green buildings in the country has shown exponential growth.

In addition, China's Ministry of Housing and Urban-Rural Development has set a clear goal: by 2025, new urban buildings in China will fully implement green building standards, and the proportion of star-rated green buildings will reach more than 30%.

As an important part of Chinese urban architecture and the main space for carrying commercial activities, office buildings are the key to achieving this goal

  In addition, the report shows that in Asia, 75% of the existing green-certified Grade A office stock was newly added after the adoption of the Paris Climate Agreement in 2015, and the number of non-green certified office buildings is also rising every year On the demand side, in recent years, companies have increasingly urgently demanded to increase the proportion of green certification in real estate portfolios. Therefore, the current green asset market in Asia is still in a state of short supply. Taking advantage of the situation to upgrade and transform sustainable office space is the key.