OUE Bayfront & OUE Downtown Office Attain BCA Green Mark Platinum Certification
#Sustainability
Green-certified assets have historically enjoyed stronger occupancy and rental performance. But with Singapore’s entire Grade A office stock now 100% green-certified, the green premium is expected to narrow, according to CBRE.
That said, not all green buildings are equal – higher-tier certifications still make a difference. A Cushman & Wakefield report highlights that within the CBD Grade A office market, Green Mark Platinum-certified buildings command higher rents. In particular, the rental gap between Green Mark Platinum-certified office buildings and those with lower ratings was approximately 8% from 2017 to the first half of 2024, driven by a sustained flight to quality trend.
At OUE REIT, we recognise that green certifications alone are no longer sufficient. To remain competitive and future-ready, we are actively advancing our green certifications and deploying smart building solutions to enhance efficiency, sustainability, and tenant experience across our portfolio.
We are excited to share that both OUE Bayfront and OUE Downtown Office have recently been awarded the 🏆BCA Green Mark Platinum Certification. Notably, OUE Bayfront is also our first asset with a Net Zero plan.
The “flight to sustainability” trend is here to stay. To align with the evolving requirements towards greener buildings, we will continue to enhance our green building credentials across our assets, with a goal to deliver long-term value to our stakeholders.
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