Transaction costs (TCs) in green building (GB) incentive schemes: Gross Floor Area (GFA) Concession Scheme in Hong Kong

It is claimed that transaction costs (TCs) affect the effectiveness of any green building (GB) policy. However, few studies have empirically applied TC analysis to GB incentives, which normally should have analyzed the TCs borne by different stakeholders. These include TC typology and determinants during the implementation process, especially...

Floor area concession incentives as planning instruments to promote green building: A critical review of international practices

Gross Floor Area (GFA) concession scheme, as a planning incentive, is developed from the notion of “make developers pay” in UK in 1990. It rewards developers additional GFA in exchange for public amenities so that government could save that amount of money. This paper carries out a review of GFA concession scheme in Hong Kong and Singapore to...