The artist's impression of 313@Somerset in Orchard. This retail mall will be one of the up-rising green buildings in the future. --PHOTO: LEND LEASE RETAIL
IT IS a paltry 1 per cent today, but come 2030, 80 per cent of all of Singapore's buildings will be green.
To achieve this, property developers will be given free gross floor area if their new buildings achieve high Green Mark standards, and the Government has set aside a $600 million fund to green existing public and private buildings.
All this and more, will be implemented under the Building and Construction Authority's (BCA's) second green building masterplan - a key component of the Inter-Ministerial Committee on Sustainable Development (IMCSD) report released on Monday.
When fully implemented, the second Green Building Masterplan will result in annual savings of $1.6 billion in terms of energy cost reductions.
BCA is introducing a $100 million Green Mark Incentive Scheme for Existing Buildings which will jumpstart the 'greening' of existing buildings in the private sector.
When the co-funding scheme is fully implemented, private building owners will be able to enjoy collective energy savings of about $120 million per year.
New developments in strategic growth areas such as the Marina Bay and Downtown Core, Jurong Gateway in Jurong Lake District, Kallang Riverside and Paya Lebar Central will have to achieve either Green Mark Platinum or GoldPlus rating, said BCA yesterday.
In the longer term, BCA is considering consider mandating the declaration of Green Mark or energy labelling for existing buildings.
In a separate initiative under the IMCSD blueprint, 30 HDB precincts will also be fitted with roof-top solar panels worth $31 million.
The 3.1 megawatt peak (MWp) solar capacity will be installed over the next five years and help build up the capabilities of local firms and workers, HDB said.
