Asia to Lead Sustainable Real Estate Uptake

Globally there is expected to be an increase in the number of sustainable real estate solutions being commenced, with emerging Asian markets forecast to lead this growth, a new report has suggested....

Globally there is expected to be an increase in the number of sustainable real estate solutions being commenced, with emerging Asian markets forecast to lead this growth, a new report has suggested.

Data released by the Royal Institution of Chartered Surveyors shows that the region ranked first across a number of property sectors and occupier types in its Global Property Sustainability Survey.

In particular, demand for sustainable real estate was highest in the government, bank and commodity sectors.

According to respondents to the survey, the uptake of sustainable real estate in emerging Asian markets has been spurred by the introduction of incentives for the adoption of green technology in the construction sector by regional governments.

"It is interesting to see the dramatic rise in demand that has pushed Emerging Asia to the top spot when it comes to implementing sustainable real estate solutions," said Ursula Hartenberger, RICS global head of sustainability.

She added that uptake of green solutions in North America will be "disappointing" as governments in the region continue to grapple with the large amount of public debt.

- Tuesday 25 January 2011

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