Singapore’s third Green Building Masterplan launched

National Development Minister Khaw Boon Wan on Monday (Sep 1) launched the third Green Building Masterplan to guide Singapore’s green building journey over the next five to 10 years.

The Masterplan, developed by the Building and Construction Authority (BCA), was launched at the opening ceremony of the International Green Building Conference and the BEX Asia Expo. Both events are being held as part of the Singapore Green Building Week.

The Masterplan will focus on tenants and occupiers which, together with building owners, will be able to tap on the S$50 million Green Mark Incentive Scheme to adopt more energy efficient measures in their premises, Mr Khaw said.

The scheme will help to fund up to half of the retrofitting cost of energy efficient improvements to buildings and premises – subject to a maximum of S$3 million for building owners and S$20,000 for occupants and tenants. This will help the stakeholders, since they have fewer resources to implement such improvements, the BCA said.


Under the Masterplan, new awards have also been introduced – the Green Mark Pearl and Pearl Prestige Awards – to recognise developers and building owners which have worked with their tenants to reduce energy consumption.

This could be through implementing a green clause in lease agreements and achieving Green Mark certification for at least half of the tenant spaces. The awards will be conferred at the BCA Awards next year.

A S$52 million fund has also been set up for research in developing, testing and showcasing new solutions for green buildings in the tropics.

The Masterplan also has several initiatives for the public sector to take the lead in driving sustainability efforts. These include requiring existing public sector buildings with more than 5,000 sqm of gross floor area to be Green Mark certified.

Source : Channel NewsAsia – 1 Sep 2014

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