‘Green buildings’ save Hong Kong developers New World, Swire Properties a fortune on electricity
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 like Standard Chartered have bolstered the sector by offering lower interest rates on loans earmarked for construction of environmentally-friendly buildings
Ellie Tang, head of sustainability at New World Development, photographed on the roof of K11 Atelier King’s Road in Quarry Bay. Photo: Edmond So
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.