The impact of green building approach to office property value

A real estate development often produces negative impacts towards the environment such as the reduction of the ecological capacity in the site and its surroundings, energy exploitation, and excessive pollutant emission. To overcome these issues, the green building concept or approach has been adapted by several real estate businesses in Indonesia especially in the office sector. According to the data provided by GBCI in 2017, there are 17 buildings listed as a certified green building office in various levels. As what has been known, the green building approach results in the increase of price in the planning, construction and the building's maintenance. This paper will discuss about the research results regarding the effect of the green building approach towards the property value of office buildings especially in Jakarta. The research will be executed through the comparison method, which is the process of comparing office building that have already adapted the green building concept with the one that have not, or in other words, the conventional office buildings. Data gathering is done through observation and interviews with developers and building managers. The research results show that by adapting the green building approach for office buildings in Jakarta, the property value regarding the utility, scarcity, effective demands, and transferability aspect can increase.