BCA unveils Singapore’s third green building masterplan

It involves over $102m in new funds.

The Building and Construction Authority and Ministry of National Development Khaw Boon Wan yesterday launched the country’s third green building masterplan, aimed at developing new green building solutions and engaging even small and medium enterprises (SMEs) to participate in the initiative.

In a speech at the opening of the International Green Building Conference and BEX Asia 2014, Khaw noted that the first two master plans have succeeded in greening over a quarter of Singapore’s built up area, and that the country is well on track to achieve its 80% target by 2030.

The third master plan features a $52 million fund for the Green Buildings Innovation Cluster. It is aims to develop, test, monitor and showcase new green building solutions that are especially relevant to the tropics and sub-tropics.

The MND will also implement a $50 million Phase 2 Green Mark Incentive Scheme for Existing Buildings and Premises, which is especially targeted at SMEs and will give funding support to both building owners as well as their tenants to make energy efficiency improvements.

“This way, we hope to see wider collaboration and engagement among not only the Government agencies, developers and building owners, but also with tenants who are the end-users. Third, BCA will introduce a new award, a new Green Mark Pearl Award, this time to recognise developers and building owners who have actively engaged their tenants to reduce energy consumption through changes in their behaviour and their daily operations,” noted Khaw.