The equation model of transaction price for green building certificate on the condominium in Selangor / Wan Nur Ayuni Wan Ab Rashid

These days, the real estate industry is developing green building condominium because of the rise of global environment issues. Green buildings development are reliable resources often associated with positive influences for quality of live and property value. People’s expectations of their ‘green’ lives are on the rise, increasing the demand and interest in green building condominium. In Malaysia, it continues to gain momentum for its many benefits such as on the environment. However, the question that raised, can green building condominium effect the property market? Therefore, this research aims to underscore the issue of green building certificate that gives an impact to condominium prices and to recommend an equation model of the transaction price. The Green Building Index (GBI) certificate is used as a measure of green building condominium. Further, this research uses the transaction prices database of the transaction from Jabatan Penilaian dan Perkhidmatan Harta (JPPH). A survey of condominium property market in the real estate industry was conducted to gather their perception on the case study area to provide some evidence on Green Condominium Market. The survey were gathered from government valuer to ensure the case study selection.