The world today is facing many issues such as hyper urbanization, drastic population growth and poverty problem. These issues have become an inescapable part in 21 centuries life. Today, as a developing country, Malaysia is also experiencing rapid urbanization and increasing of population. According to the Department of Statistics, Malaysia, the total population in Malaysia was last recorded around 29 million people in 2013. The increase in internal migration from rural areas to urban ones like Kuala Lumpur resulted in an increased number of migrants in the median and lower income group, who compete for jobs, a place to live or a better, quality life. Few issues pertaining to the basic needs of people such as housing, health, education, and transportation, public facilities, and the most urgent problems are urban poverty and housing for the median and lower income group has been created due to the staggering increase in population every year in Malaysia. In general, the increase in the rapid urbanization and the urban population notably influenced the urban environment and has led the increasing in housing demand of the median or low-income group, particularly in the large urban, like Kuala Lumpur.
Urban growth and development drives the growth of Malaysia's economy. Uncontrolled economic growth and erratic economic crisis will affect the housing price. The recent economy has toned an adverse effect on the housing price. Undoubtedly, to those with a median or low household income is difficult to purchase an own house in the centre of town due to financial constraints. This group of people forces to rent a house instead of buying a house. Normally one’s residence reflects their wealth status and the country economic situation....
... middle of paper ...
... recognised green rating tool for buildings and it used to promote sustainability in the built environment and provide opportunity to construct green buildings. Since the launched of Malaysia’s own Green Building Index (GBI) in 2009, more and more green buildings can be seen emerging in cities today. It was tremendous for Malaysia to have the Green Building Index as architects have been using foreign benchmarking tools over the years, and yet lacked a single green-branded building. For continuity and consistency, it is necessary that every discipline in the building industry to take initiatives towards designing and buid buildings to comply with the Green Building Index.
From my personal standpoint, develop green design is a good approach to affordable housing. It is not only a global issue, but a major concern, especially in developing countries such as Malaysia.
LEED, or Leadership in Energy & Environmental Design, is a certification program for green buildings with stringent requirements for building energy efficient and environmentally responsible structures. Some requirements of this program include specific building materials, smart grid capable, gray water reclamation systems, green space minimums, high levels of insulation and low thermal transfer glass (US Green Building Council). Green buildings are a must if we are to sustain our current level of growth. Despite the higher initial cost of these buildings, the long term energy savings make these buildings a smarter choice for
As such, people are less optimistic about the future and have chosen to scrimp and save to last through the recession. Therefore, this has resulted in a decline, in demand for houses, (Tapper & Travers, 2009). This has also resulted in a decline in prices. However, the prices can change in the future when the economy picks up, and people become more confident about the economy. To conclude, the point, which affects one’s decision to buy a new home, is never constant, one's financial situation, level of income, and even number of family members changes all the time. For this reason, people will take into consideration different factors when making the crucial decision for or against the purchase of a new house.
Green buildings incorporates the use of recycled materials for construction where possible, constructions of structures on in-fill sites instead of green fields as well as maintenance of energy and water standards. As such Fremont can massively reduce the footprint of new structures through adopting the use of green building. This move towards sustainability is adopted in the city’s General Plan 2030 (“Sustainability”). The plan dictates the need for the city to implement a green building policy and to constantly search for opportunities to turn existing building and new constructions into environmental friendly structures. As part of the city’s goal, the reduction of green house gas emissions is also included in the plan.
A green building (also referred to as sustainable building or green construction) is a structure that employs an approach that is responsible for the environment besides being efficient in regard to resources all through its life cycle: This is from selecting the site to designing it, constructing, operating, maintaining, renovating and demolishing it. To achieve this, the client, the engineers, the architects and the entire design team closely cooperate at all stages of a project (Yan and Paliniotis, 2006). Practicing Green Building complements and expands the conventional building design areas of comfort, durability, utility and economy.
Most people, today, are looking forward to buying their first property. When individuals decide to buy a house those individuals would have to look at all their options and all the advantages and disadvantages that come from purchasing a house. The economy plays a huge role in the decision whether people will purchase a house, purchase a condominiums, or rent property.
Green building has come forth over the past decade as a positive movement to produce high-performance, energy-efficient structures that improve comfort and health for resident, meanwhile, minimizing environmental impacts. Nevertheless, a common sense that green features is expensive and not suitable for affordable housing. Recent studies are showed that green buildings have a modest initial cost premium, but the long-term benefits far exceed the additional capital costs. For this report, I will introduce a financial analysis -Net Present Value (NPV), and discuss the impacts of NPV analysis for green affordable housing.
Regardless of the housing issue that occurred a few years ago, still the property sector is the major beneficiary of many investments from across the country. The Philippines is one of the major countries in Asia that brings multinational companies (MNCs) from across Americas and Europe. This island has been one of the top Asian regions that promise a good return on investments, making it an outstanding station to invest their hard-earned money in. This was exceptionally true when it comes to real estate market. The Philippines has three major islands: Luzon, Visayas and Mindanao. In which many people especially foreigners would love to build their second home in this country because they get to enjoy the best in life whether they are looking to open up a business, retire, get married or would just spend an extended
The beginnings of today's green revolution can be traced back to the environmental awareness of the 1960s and European design. New construction techniques have lead to the development of innovative materials and design concepts. Green buildings are designed, constructed and commissioned to ensure they are healthy for their occupants. Successfully designed green projects can involve an extensive array of factors, ranging from the resourceful use of materials, to careful consideration of function, climate, and location.
Globally, green buildings are being recognised and accredited, leading to the introduction of various tools and indices with one common objective that is to evaluate, measure, distinguish and sets apart this uniquely designed buildings from the rest. The Diamond Building carries a Green Building Index (GBI) accreditation, a first in Malaysia. Among the achievement of the ST Diamond Building are:
Sustainable buildings are becoming somewhat of a necessity in the world today. As the demand for green building develops, so does the demand for green building materials. Just as the old techniques and building materials seem to disappear in the assembly of things, they are now making a come back. Green building focuses on the efficiency of major resources like water and energy. As the cost for sustainable materials and products are on the decline, building green seems to be the most cost effective kind of design and construction. Looking specifically at green materials and their impact on the production of structures, it is evident that they are a prime choice for building material. The use of green materials should be promoted because they are better for the environment, more healthful for the consumer, and better for the economy.
Green Building may be defined as the processes of planning, designing, constructing and operating a building, while taking into consideration: the quality of the indoor environment, selection of the materials used, the way of using energy and water and the effect of the building on the site.
Sustainable design seeks to reduce negative impacts on the environment, the health and comfort of building occupants, thereby improving building performance. The basic objects of sustainability are to reduce consumption of non-renewable resources, minimal waste, and create healthy, productive environments (“Sustainable Design”). Focusing primarily on the sustainable design principles, there are five, including: low-impact materials, energy efficiency, quality and durability, design for reuse and recycling, and renewability. As sustainability appears to become the necessary trend in architecture, the question concerning the cost versus outcome of “going green” really an investment or a waste of time and money comes to mind. With our research provided below, we believe the expenses may truly be with the investment in the end.
Each product (house) is unique in terms of buildings, location, and financing, thus the market has heterogeneous products (Acton et al. 1999). Transaction costs are high and the process is usually long. Though there are mobile homes, but the land underneath is still immobile, real estate is an immovable asset (Acton et al. 1999). The main factor that affects demand in the real estate industry is demographic features. Demographic variables include population size and growth, cultural background, beliefs and religion (Acton et al. 1999).
Well-recognized cities worldwide have built over the years great buildings with a variety of designs and concepts however consequently too much building has been making grievous decrease on energy efficiency. Now, “Green Architecture” has been popularized and as a result a modicum of energy efficiency has increased and also it has substantiated a new perspective, a new versatile way on architecture.
A general situation of urbanization trend in developing countries and developed countries is increasing. In 18th Century only 3% of the world total population lived in urban areas but as projected in 2000 this number will increase at above 50% (UN as cited in Elliot, 1999, p. 144). According to UN (as cited in Elliot, 1999, p.144), it is figured that the total urban population in developing countries has increased from approximately 400 millions people in 1950 to approximately 2000 millions people in 2000. At the same time, total urban population in developed countries is double...