RESALE OF GREEN HOUSING COMPENSATES FOR ITS PREMIUM PRICING:AN EMPIRICAL STUDY OF CHINA  

作　　者：Yongsheng Jiang Yudong Xing Dong Zhao Ruilin Jiaoa 

机构地区：[1]School of Management Engineering,Shandong Jianzhu University,1000 Fengming Road,Licheng District,Jinan 250101,China [2]School of Planning,Design and Construction,Michigan State University,East Lansing,MI 48824,USA

出　　处：《Journal of Green Building》2021年第4期45-61,共17页绿色建筑学报（英文）

基　　金：funded by the projects of the National Natural Science Foundation of China with grant no.(71403150);Shandong Province Social Science Foundation of China with grant no.(20CJJJ23);the Shandong Humanities and Social Science Research Program with grant no.(J13WG02).

摘　　要：Green housing reduces resource consumption and protects the ecological environment.Sustainable buildings and construction have gained increasing attention in the last decade.Many empirical studies have confirmed that green housing imposes a price premium at the presale stage.The high price could be a concern that prevents homebuyers from purchasing green buildings.However,there is a lack of empirical evidence on whether the premium pricing could be compensated for by the resale price.To address this gap,this study establishes a hedonic regression model to estimate the price premium of green housing at the resale stage.The results show that green housing certified with the Chinese Green Building Label(CGBL)offers a 6%price premium compared with non-green housing at the resale stage.The results also show that green housing with a higher level of green certification,e.g.,the 3-star CGBL,provides a greater price premium at resale.The findings indicate that homebuyers can obtain financial compensation for the high cost when purchasing a green home.Our findings also indicate that the price premium for reselling a green home is not always enough to compensate for the purchase cost in different cities.Policy recommendations for government promotion of green housing are also discussed.

关 键 词：green housing premium difference resale stage CGBL 

分 类 号：F29[经济管理—国民经济]