Property News · December 16, 2020

‘Green buildings’ save Hong Kong developers New World, Swire Properties a fortune on electricity


Major developers in Hong Kong, and their tenants, have hit a proverbial gold mine in the form of “green buildings” across the city that are handing them huge savings in power costs.Swire Properties and New World Development (NWD) said they have saved a combined HK$86 million (US$11.09 million) on electricity in the last financial year.Banks have helped to bolster the sector by offering lower interest rates on loans earmarked for the construction of environmentally sustainable buildings.Swire…

Source : South China Morning Post
Read more…‘Green buildings’ save Hong Kong developers New World, Swire Properties a fortune on electricity