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According to Huacheng Import and Export Data Observation, green buildings have gradually become the mainstream in Asia. China's green buildings started relatively late, but developed rapidly.

The report "The Value of Sustainable Development: A Strong Proof of Green Asset Premium in Asia" released by Jones Lang LaSalle on the 2nd showed that the pursuit of energy costs, sustainable development and decarbonization goals has become the main driving force for the increase in the demand of corporate tenants for green building leasing. At present, the Asian green building market is still in short supply, More and more enterprises are willing to pay more rent premium to achieve their sustainable development goals, Huacheng Import and Export Data Observation reported.

This report investigates 3089 Grade A office buildings in 14 major cities in Asia to evaluate the performance of assets with or without green qualification in relevant regions and markets. According to Huacheng Import and Export Data Observation, since 2016, the proportion of Grade A office buildings with green certification has increased steadily, from 12% to 42%; By the third quarter of 2022, the average number of green certified Grade A office buildings in cities in the Asia-Pacific region had reached 42%, of which Singapore had the most outstanding performance, with the proportion of green building certification reaching 90%; Among the Chinese cities covered by the survey, Shanghai ranked the first with 44% of the A-class office building stock and obtained the LEED (energy and environmental design pioneer) certification, followed by Beijing with 41% and Guangzhou with 34%. Huacheng Import and Export Data Observation Report.

According to the report, the number of green buildings has increased exponentially in China since the first Chinese construction company obtained the LEED gold certification in 2005. In addition, the Ministry of Housing and Urban-Rural Development of China has set a clear goal: by 2025, the green building standard will be fully implemented for new urban buildings in China, and the proportion of star green buildings will reach more than 30%. As an important part of Chinese urban architecture and the main space for commercial activities, office building is the key to achieve this goal.

In addition, the report shows that 75% of the existing green certified Grade A office buildings in Asia were newly added after the Paris Climate Agreement was passed in 2015, and the number of non-green certified office buildings also increased year by year; On the demand side, in recent years, enterprises have an increasingly urgent need to increase the proportion of green certification of real estate portfolio. Therefore, the green asset market in Asia is still in short supply. Taking advantage of the situation to upgrade and transform sustainable office space is the key. Huacheng Import and Export Data Observation Report.