Case Study of Economic Efficiency Evaluation about Green Residential Complex in Korea

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Abstract:

The national systematic, social requirements for green building development are becoming more stringent. But from the standpoint of the builder, who would contract and implement such a business, such regulations can become a burden working against efforts to promote building. Due to the increase in the initial investment cost associated with green building development, the reality is that voluntary compliance is not readily forthcoming. Thereby, the profitability of green building construction was examined from a cost perspective for a 40-year life cycle cost. As a model example of green apartments, the A Apartment complex was analyzed for its economy. A comparison was made against a standard building for green building design on its initial investment cost, and the energy savings during the occupancy phase, required to offset the cost of investment was calculated. As a result, the A-Apartment investment cost recovery period was approximately 10 years, with about an 8% range of operating profit. If the green building construction business were to be pursued with this long-term view, it is evident that construction of green buildings can be good for business.

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34-37

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May 2014

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© 2014 Trans Tech Publications Ltd. All Rights Reserved

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