Understanding stakeholders’ opinion and willingness on the adoption of sustainable residential property features in a developing property market

Oyewole, Matthew Oluwole; Komolafe, Markson Opeyemi; Gbadegesin, Job Taiwo

doi:10.1080/15623599.2021.1874676

Cited by 13 publications

(8 citation statements)

References 41 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The significance of this study is further highlighted by its contribution to the inadequate body of literature on demand-side drivers of green building adoption in Sub-Saharan Africa (Anzagira, Badu and Duah, 2019;Guribie et al, 2021;Oyewole, Komolafe and Gbadegesin, 2021). Additionally, the study is the first to evaluate the impact of benefit awareness on consumers' willingness to pay for green buildings in Ghana, therefore will serve as a grounding for further research.…”

Section: Discussionmentioning

confidence: 90%

“…Against this backdrop, studies have recommended and continue to recommend green building awareness creation as solution to enhancing individuals' willingness to pay for green buildings (Attaran and Celik, 2015;Ofek and Portnov, 2020;Takuh, Abang and Akinyemi, 2021;Lawluvy, Ntim and Ahiadu, 2022), and ensuring green building proliferation (Zhang et al, 2016;Darko, Chan, Ameyaw, et al, 2017;Darko and Chan, 2018;Oyewole and Komolafe, 2018b;Abraham and Gundimeda, 2020;Oyewole, Komolafe and Gbadegesin, 2021;Takuh, Adeyemi and Bello, 2021). When awareness is created on green buildings, individuals will be more likely to pay a higher green building premium, thereby encouraging larger investments in green buildings (Oyewole and Komolafe, 2018a;Oyewole, Komolafe and Gbadegesin, 2021).…”

Section: Benefit Sensitisation and Willingness To Pay For Green Build...mentioning

confidence: 99%

See 1 more Smart Citation

Willingness to Pay for Green Buildings in Ghana: The Impact of Benefit Sensitisation

Lawluvy,

Ahiadu,

Ntim

2022

Redefining the Future of Real Estate in Africa: The 21st Annual AfRES Conference

View full text Add to dashboard Cite

Global discourse on sustainable construction has aroused great interest in the need for green building proliferation as a strategic means to reduce the environmental harms of conventional buildings. However, green building adoption remains laggard in Ghana as individuals are unwilling to pay extra for green buildings. Researchers have made many recommendations to enhance willingness to pay, recurrent amongst which is benefit sensitisation. However, the impact of benefit sensitisation, especially in the Ghanaian market, remained unproven and unquantified. This study provides clarity to the issue by investigating and quantifying the impact of an undertaken green building benefit sensitisation on the willingness to pay of 630 participants who were unaware of the individual-level benefits of green buildings. The study confirmed a significant impact of benefit sensitisation on willingness to pay for green buildings. After benefit sensitisation, respondents who were initially only willing to pay up to a 5% premium became willing to pay an average of 6 -10% premium; with only 14.8% of respondents maintaining an unwillingness to pay extra for green buildings.

show abstract

Section: Discussionmentioning

confidence: 90%

Section: Benefit Sensitisation and Willingness To Pay For Green Build...mentioning

confidence: 99%

Willingness to Pay for Green Buildings in Ghana: The Impact of Benefit Sensitisation

Lawluvy,

Ahiadu,

Ntim

2022

Redefining the Future of Real Estate in Africa: The 21st Annual AfRES Conference

View full text Add to dashboard Cite

show abstract

“…Recently, there has been a high volume of research on factors affecting consumers' willingness to pay for green buildings (Oyewole et al, 2021). However, research on willingness to pay in developing countries and most especially in Africa is scant (Anzagira et al, 2019;Oyewole et al, 2021). In Ghana, no study was found investigating the factors that influence willingness to pay for green buildings.…”

Section: Factors Influencing Willingness To Paymentioning

confidence: 99%

“…Njo et al (2021) add that limited knowledge on green buildings contributes to individuals avoiding risks of purchasing or investing in green apartments. There is therefore the need to sensitize all stakeholders on the environmental benefits of green buildings especially in developing economies if its proliferation is to be achieved (Oyewole et al, 2021;Takuh, Adeyemi, et al, 2021;Zhang et al, 2016). Although all kinds of information can affect consumers' willingness to pay for green buildings, it was evinced that information on the economic benefits of green buildings has the highest influence on willingness to pay (He et al, 2022).…”

Section: Factors Influencing Willingness To Paymentioning

confidence: 99%

Willingness to Pay for Green Buildings in Ghana: What Are the Influencing Factors?

Lawluvy,

Ahiadu,

Ntim

2022

Redefining the Future of Real Estate in Africa: The 21st Annual AfRES Conference

View full text Add to dashboard Cite

Although green buildings have been found to be more life-cycle cost-effective than conventional buildings, the capital cost of building green remains greater than that of traditional alternatives, especially in the Ghanaian market. As such, for green buildings to gain proliferation in Ghana, adopters must be willing to bear a cost premium. This study tests Ghana's green building proliferation readiness by investigating Ghanaians' willingness to pay a green building cost premium. An online survey was administered and responded to by 1,227 participants, upon which statistical analysis, including ANOVA and correlation analyses, were conducted. 70.1% of respondents showed a willingness to pay a cost premium for green buildings, with 33.4% of respondents indicating a willingness to pay a premium of up to 5% the cost of a conventional alternative. Further analyses revealed statistically significant differences in willingness to pay for green buildings across Education levels, Income levels, Environmental Concern levels, and Green Building Awareness levels. However, no significant differences were found between different ages and genders.

show abstract

“…Many researchers also highlighted the use of the LC philosophy for sustainability enhancement (Abualfaraa et al, 2020;Aristiz abal-Monsalve et al, 2022;Babalola et al, 2019;Bhattacharya et al, 2019;Carvajal-Arango et al, 2019;Horman et al, 2004;Huovila and Koskela, 1998;Lapinski et al, 2006;Riley et al, 2005;Vinodh et al, 2010). Oyewole et al (2021) examined the stakeholders' perceptions of sustainability attributes in a developing property market. They found that considerable variations exist among stakeholders influencing their sustainability adaption and advised the stakeholders' sensitization on the attribute of sustainable building.…”

Section: Introductionmentioning

confidence: 99%

A sustainable–lean implementation methodology: a catalyst for sustainability enhancement of high-rise residential projects

Khanapure

Shastri

2023

ECAM

View full text Add to dashboard Cite

PurposeThe importance of lean and sustainability integration in sustainable construction (SC) has been extensively studied. However, a practical and thorough implementation methodology addressing the project life cycle phases is still inadequate. The present study has developed a novel phase-wise sustainable–lean implementation methodology for high-rise residential projects.Design/methodology/approachThe current study has identified the 50 direct conceptual interactions between 11 lean principles and 11 sustainability criteria encompassing 44 different attributes covering 174 sustainability actions. A panel of nine experts validated these interactions, and 50 integration vectors were proposed addressing different phases of the project life cycle of high-rise residential buildings. The experts also analysed the identified integration vectors for their current and likely future implementation in high-rise residential projects.FindingsThe interactions between lean and sustainability principles led to the development of a phase-wise implementation methodology. The experts' survey responses on the current level of implementation revealed that 40, 32 and 28% of integration vectors were implemented rarely, sometimes, and frequently, respectively. For likely future implementation, 28 and 72% integration vectors were reported as very likely and extremely likely to implement, respectively. This survey response highlighted the usefulness of identified integration vectors for enhancing the sustainability of high-rise residential projects.Originality/valueThe proposed sustainable–lean implementation methodology acts as a comprehensive guideline for implementing a lean approach to achieve the objectives of SC in high-rise residential projects. This may facilitate the transition from conventional to sustainable building practices using a lean approach.

show abstract

Understanding stakeholders’ opinion and willingness on the adoption of sustainable residential property features in a developing property market

Cited by 13 publications

References 41 publications

Willingness to Pay for Green Buildings in Ghana: The Impact of Benefit Sensitisation

Willingness to Pay for Green Buildings in Ghana: The Impact of Benefit Sensitisation

Willingness to Pay for Green Buildings in Ghana: What Are the Influencing Factors?

A sustainable–lean implementation methodology: a catalyst for sustainability enhancement of high-rise residential projects

Contact Info

Product

Resources

About