Tuesday, October 26, 2010

The GREEN factor

"The five-star green building will be the "beacon" to create more excitement and attract more interest to the whole development,"

says Tan Sri Hamad Kama Piah Che Othman, President and Group CEO of  PNB during the press conference on Warisan Merdeka.

quoted in the Starbizweek, Saturday, 23 October 2010

Why build a green building?

Here are some statistics in the US:

1. By last year (2009), a study has shown that 80% of corporate America is expected to be engaged in green at least 16% of a time; 20% engaged 60% of the time*

*Mc-Graw Hill Construction, Greening of Corporate America SmartMarket Report, 2007

2. Green buildings achieve superior rents and sustain significantly higher occupancy

  •     Rents are higher by 15.2-17.3% for LEED-certified properties
  •     The levels of occupancy also increases by 16 to 18% for LEED-certified properties
And the source (it's a research paper) :  http://www.springerlink.com/content/61tx7k61u5565183/fulltext.pdf

    How about Malaysia?

    Here's the list of certified Green buildings in Malaysia:

    Property Name
    Rating System
    1 First Avenue
    Bandar Utama
    KRC Sales Gallery
    Menara Worldwide
    Kuala Lumpur
    PTM Geo Building
    Bandar Baru Bangi
    348 Sentral
    KL Sentral
    Matrade Centre
    Kuala Lumpur
    Lot G, KL Sentral
    KL Sentral
    The Intermark
    Kuala Lumpur
    KL Golden Triangle Area
    Green Mark, LEED

    Here is the source: http://www.cbre.com.my/research-center/ (download Special Report: CBRE Special Report Going Green Malaysia)

    So the number of certified Green buildings in Malaysia
    (as of August 2010) is 9 (quite a small number, right?)

    How bout the demand for Green Buildings in Malaysia?

    Extracts for the Edge (http://www.theedgeproperty.com/news-a-views/1534-demand-for-green-buildings-in-malaysia-to-rise-says-property-consultancy.html) :

    The demand for buildings equipped with green technology will continue to rise as environmental awareness grows and more companies embrace corporate social responsibility, said CB Richard Ellis (CBRE) Research, Asia in a special report – Malaysia Market Prospects today (Jan 27).

    It said multinational companies will be at the forefront of the trend of increasingly adopting a commitment to leasing green office space wherever possible.

    Shell, an oil and gas multinational firm operating extensively in Malaysia (it has 6800 employers in Malaysia alone!), is reported to have specifically requested that 348 Sentral (one of the 9 buildings above) achieves the Leadership in Energy and Environmental Design (LEED) - Gold certification as part of its tenancy agreement.

    Finally, the GREEN factor can improve the return on investment by up to 6.6%!!!** 

    (**:Source: http://www.usgbc.org/DisplayPage.aspx?CMSPageID=1720, download the Powerpoint presentation titled Building Impacts, its on slide 8 and * is stated in slide 9)

    Thursday, October 21, 2010

    Zooming into KLCC

    KLCC's occupancy rate is 100%  i.e all the office spaces are fully taken up.......and Dayabumi also is doing great

    And if anyone is worried about mythical spill over effects....how bout this???
    There are about 7 million people in KL and Selangor.....and KLCC's customer count is 21.4 Million people....care to do the maths?
    And its yearly turnover/revenue is close to RM 1 Billion....

    Here's our source http://www.klcc.com.my/InvestorRelations/Financial%20Highlights/Fact%20Sheets/Fact_SheetQ2_300909_website.pdf

    Properties in KL Golden Triangle

    The stats......

    Here's the source: http://www.jpph.gov.my/V1/pdf/q310commercial.pdf

    Let us view from the 100th Floor

    Comments on the 100-storey tower from the 100th floor