【LEED Gaining Popularity among Hong Kong Real Estate Developers】
In the thriving green building market of 2023, Hong Kong showcased a notable trend of recovery, with a 55% increase in the number of LEED registered projects compared to 2022. Analyzing the application systems, new registrations for LEED O+M accounted for 36%, followed closely by #LEED ID+C and LEED BD+C. Hong Kong's real estate market, having matured early and reached a highly developed stage, boasts a substantial inventory of buildings, leading to a rising trend of existing buildings undergoing green transformation through LEED.
Unlike previous years where interior spaces dominated LEED participation, 2023 saw a shift, with over 60% of newly registered projects in Hong Kong encompassing entire buildings. This signals a broader embrace of sustainable practices across the built environment.
Delving deeper into the LEED participants in the Hong Kong market for 2023, it's evident that the majority are well-established property developers with strong ties to Hong Kong. These entities boast extensive experience in expanding their commercial portfolios and possess a deep cultural understanding, enabling them to adeptly adapt to emerging trends and embrace change. Many Hong Kong property developers have already published independent sustainability reports or ESG reports, with LEED serving as a cornerstone within their sustainability initiatives, deemed a "must-have" component for their projects.
#LEEDinChina #yearinreview #greenbuildings #sustainability
Founder & Owner JENDRUSCH GROUP Towerplants.com - Jendrusch.com
1moWell deserved! Congratulations