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dc.contributor.authorWadu Mesthrige, Jayantha
dc.contributor.authorOladinrin, OT
dc.contributor.authorJaved, AA
dc.date.accessioned2021-07-22T11:14:16Z
dc.date.available2021-07-22T11:14:16Z
dc.date.issued2021-07-18
dc.identifier.citationJayantha Wadu Mesthrige, O.T. Oladinrin & A.A. Javed (2021) Different grades and different green premiums: a cross sectional analysis of a green certification scheme, Pacific Rim Property Research Journal, DOI: 10.1080/14445921.2021.1943626en
dc.identifier.issn1444-5921en
dc.identifier.doi10.1080/14445921.2021.1943626en
dc.identifier.urihttp://hdl.handle.net/2436/624214
dc.descriptionThis is an accepted manuscript of an article published by Taylor and Francis in Pacific Rim Property Research Journal on 18/07/2021, available online: https://doi.org/10.1080/14445921.2021.1943626 The accepted version of the publication may differ from the final published version.en
dc.description.abstractGreen certification is often hailed as an effective means of resolving information asymmetry by providing prospective buyers with credible proof of a property’s level of quantitative sustainability performance. These certification schemes are also considered as providing the credible identification labels needed to generate a market premium. This study analysed whether different market premiums (financial implications) exist across different ratings of the HK-BEAM certification scheme. The paper used hedonic price model (HPM) to evaluate the influence of green certification rating levels on residential property prices in Hong Kong. The results indicate, on average, that HK-BEAM certification increases price values by between 5.3% and 6.7%. Most importantly, the results indicate that significant price premium differences exist across the different ratings available for HK-BEAM certified buildings. The findings provide strong proof of the existence of a premium across ratings.en
dc.formatapplication/pdfen
dc.languageen
dc.language.isoenen
dc.publisherInforma UK Limiteden
dc.relation.urlhttps://www.tandfonline.com/doi/full/10.1080/14445921.2021.1943626en
dc.subjectgreen certificationen
dc.subjectbeam plus schemeen
dc.subjectrating systemen
dc.subjectresidential propertiesen
dc.subjectgreen buildingsen
dc.subjectHong Kongen
dc.titleDifferent grades and different green premiums: a cross sectional analysis of a green certification schemeen
dc.typeJournal articleen
dc.identifier.eissn2201-6716
dc.identifier.journalPacific Rim Property Research Journalen
dc.date.updated2021-07-19T09:46:57Z
dc.date.accepted2021-06-12
rioxxterms.funderUniversity of Wolverhamptonen
rioxxterms.identifier.projectUOW22072021OOen
rioxxterms.versionAMen
rioxxterms.licenseref.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/en
rioxxterms.licenseref.startdate18-01-2023en
dc.source.beginpage1
dc.source.endpage15
dc.description.versionPublished online
refterms.dateFCD2021-07-22T11:13:24Z
refterms.versionFCDAM


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