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An Exploratory Analysis of Risks in Green Residential Building Construction Projects: The Case of Singapore

Author

Listed:
  • Bon-Gang Hwang

    () (Department of Building, National University of Singapore, Architecture Drive 4, Singapore 117566, Singapore)

  • Ming Shan

    () (Department of Building, National University of Singapore, Architecture Drive 4, Singapore 117566, Singapore)

  • Helena Phua

    () (Department of Building, National University of Singapore, Architecture Drive 4, Singapore 117566, Singapore)

  • Seokho Chi

    () (Department of Civil and Environmental Engineering, Seoul National University, 1 Gwanak-Ro, Gwanak-Ku, Seoul 08826, Korea
    The Institute of Construction and Environmental Engineering (ICEE), 1 Gwanak-Ro, Gwanak-Ku, Seoul 08826, Korea)

Abstract

Recently, an increasing number of green residential buildings have been developed worldwide owing to active promotion from the authorities and increasing interest from customers. However, in the same way as traditional residential buildings, the construction of green residential buildings faces various risks. The aims of this study are to identify and assess the diverse risks in green residential building construction projects, compare their risk criticalities with those in traditional counterparts, and propose helpful risk mitigation measures. To achieve these goals, a comprehensive literature review was first conducted, and a questionnaire was then administered to 30 construction companies in Singapore. Survey results showed that “complex procedures to obtain approvals”, “overlooked high initial cost”, “unclear requirements of owners”, “employment constraint”, and “lack of availability of green materials and equipment” were the top five critical risks in green residential building construction projects. Survey results also showed that green residential building projects were facing risks at a more critical level than those traditional residential building projects. Additionally, this study proposed fourteen risk mitigation measures to tackle the risks in green residential building construction projects. This study has contributed to the body of knowledge by identifying and evaluating the critical risks and mitigation measures in green residential building construction projects. Meanwhile, the findings from this study can also provide an in-depth understanding of risk management in green residential building construction projects to practitioners and thus benefit the practice.

Suggested Citation

  • Bon-Gang Hwang & Ming Shan & Helena Phua & Seokho Chi, 2017. "An Exploratory Analysis of Risks in Green Residential Building Construction Projects: The Case of Singapore," Sustainability, MDPI, Open Access Journal, vol. 9(7), pages 1-21, June.
  • Handle: RePEc:gam:jsusta:v:9:y:2017:i:7:p:1116-:d:102636
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    References listed on IDEAS

    as
    1. Agarwal, Sumit & Satyanarain, Rengarajan & Sing, Tien Foo & Vollmer, Derek, 2016. "Effects of construction activities on residential electricity consumption: Evidence from Singapore's public housing estates," Energy Economics, Elsevier, vol. 55(C), pages 101-111.
    2. David Shiers & Daniel Rapson & Claire Roberts & Miles Keeping, 2006. "Sustainable construction: the development and evaluation of an environmental profiling system for construction products," Construction Management and Economics, Taylor & Francis Journals, vol. 24(11), pages 1177-1184.
    3. Akintola Akintoye, 2000. "Analysis of factors influencing project cost estimating practice," Construction Management and Economics, Taylor & Francis Journals, vol. 18(1), pages 77-89.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. repec:gam:jsusta:v:9:y:2017:i:9:p:1512-:d:109674 is not listed on IDEAS
    2. repec:gam:jsusta:v:10:y:2018:i:3:p:606-:d:133601 is not listed on IDEAS
    3. repec:gam:jsusta:v:9:y:2017:i:12:p:2347-:d:123203 is not listed on IDEAS
    4. repec:gam:jsusta:v:10:y:2018:i:5:p:1389-:d:144048 is not listed on IDEAS
    5. repec:gam:jsusta:v:9:y:2017:i:9:p:1567-:d:110768 is not listed on IDEAS
    6. repec:gam:jsusta:v:10:y:2018:i:4:p:1044-:d:139183 is not listed on IDEAS
    7. repec:gam:jsusta:v:10:y:2017:i:1:p:20-:d:124703 is not listed on IDEAS

    More about this item

    Keywords

    green residential building construction projects; critical risks; mitigation measures;

    JEL classification:

    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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