The impact of environmental management awards and certifications in property management on property price
Por um escritor misterioso
Last updated 05 julho 2024
As the awareness of environmental preservation and of sustainable development have become increasingly pronounced among various stakeholders, such as governments and communities, many businesses, in response, commence to introduce environmental-friendly measures and/or implement an environmental management system (EMS) in their daily operations. Even a service-oriented industry such as property management is no exception. To showcase their commitment to this cause, property management companies tend to obtain different environmental certifications. This study aims to investigate the effect of green property management, through environmental certifications, on property price.,The hedonic price model is used to determine the impacts of different environmental certifications on prices of selected residential properties in Hong Kong. Three districts from different parts of Hong Kong, including 16 private residential developments, are covered in this study.,The results show that ISO 14001 certification itself is not statistically significant in explaining property price. It is only when a property management company has obtained other local environmental management awards/certificates that varying levels of (positive) property price premiums are found. Nonetheless, the authors also find that controlling for other housing attributes, obtaining as many environmental certifications as possible does not necessarily result in the highest property price premium.,Nonetheless, the data sample has its limitations, such as its relatively small size and the unavailability of housing attribute(s) such as orientations.,For the implications, the value of environmental management awards/certificates, from the perspective of the end-users of property management services, is based on the scopes of these environmental certifications; the promotional effort on the part of organizations behind these awards/certificates; the disclosure of information about the EMS itself and the assessment criteria; and the public’s perceptions as to the companies’ rationale behind such certifications.,The study has provided some insights regarding the effect of various management standard certifications in property management, from the perspective of the end-users of the service (i.e. homeowners and potential homebuyers). This serves as a reference for developers, property managers, buyers and users alike.
External Evaluations & Awards, About Us
Home Construction Management Association of America
What is Environmental Management? How You Can Implement it Today
Apple propels environmental business solutions forward with second
Sustainability, Free Full-Text
Quality Cadet Unit Award Civil Air Patrol National Headquarters
Awards & Recognition
Green Building Services
12+ Architect Resume Examples [with Guidance]
The Materials Science behind Sustainable Metals and Alloys
An introduction to responsible investment: real estate
WIPO - World Intellectual Property Organization
Sustainability, Free Full-Text
Our Awards - TELUS International
Return on Investment: Research Links Climate Action with Land and
Recomendado para você
-
Sunyee Vouchers Coupon Codes, Promo Codes - 202305 julho 2024
-
Online Auto Parts Deals, Coupons & Vouchers - OzBargain05 julho 2024
-
Meeting Dr. Sun Movie Tickets & Showtimes Near You05 julho 2024
-
15% off All Items at Selected Automotive Sellers (Min Spend $50) @ - OzBargain05 julho 2024
-
Qabayanair Freight - Pasabay Unlimited05 julho 2024
-
Off Grid & Caravan Solar Systems - Secure Energy Independence05 julho 2024
-
Png file crossword05 julho 2024
-
Do the Rich Save More? Journal of Political Economy: Vol 112, No 205 julho 2024
-
Unlock 40% Off: SPEEDSOCIETY Discount Code In Dec 202305 julho 2024
-
Leadership Accelerator Program - School of Management - University at Buffalo05 julho 2024
você pode gostar
-
planetboom – That's Us (Live) Lyrics05 julho 2024
-
Anime News And Facts on X: Kimetsu no Yaiba: Demon Slayer05 julho 2024
-
AWB delegation meets with police minister - The Mail & Guardian05 julho 2024
-
Neo Metal Sonic, Metal Sonic Wiki05 julho 2024
-
It's Worth the Climb to The Rooms in St. John's Newfoundland - Waypoints Global05 julho 2024
-
Cyberpunk: Edgerunners: How Old Is Rebecca and What Is Her Age05 julho 2024
-
3 Ways to Open a Door Quietly - wikiHow05 julho 2024
-
lollygag: verb Definition: Spend time aimlessly Goof off Origin: - ppt download05 julho 2024
-
Boneca De Pelúcia Poppy Playtime 22 Pj Pug & Bunzo Bunnypill05 julho 2024
-
Decarock Dashing Aggregates - Rowebb05 julho 2024