TORNADO FINANCIAL DEVELOPMENT COST ANALYSIS FOR GREEN PROJECT IN MALAYSIA

Authors

  • Faridah Muhamad Halil Centre of Studies for Surveying, Faculty of Architecture Planning and Surveying, UNIVERSITI TEKNOLOGI MARA, SHAH ALAM
  • Mohamad Sufian Hasim Centre of Studies for Building Surveying, Faculty of Architecture Planning and Surveying, UNIVERSITI TEKNOLOGI MARA, SHAH ALAM
  • Siti Mazuen Kamaruddin Centre of Studies for Town and Regional Planning, Faculty of Architecture Planning and Surveying, UNIVERSITI TEKNOLOGI MARA, SHAH ALAM
  • Nasyairi Mat Nasir Centre of Studies for Surveying, Faculty of Architecture Planning and Surveying, UNIVERSITI TEKNOLOGI MARA, SHAH ALAM
  • Hafiszah Ismail Centre of Studies for Estate Management, Faculty of Architecture Planning and Surveying, UNIVERSITI TEKNOLOGI MARA, SHAH ALAM

DOI:

https://doi.org/10.21837/pm.v20i20.1085

Keywords:

Green Development, Development Cost, Qualitative Method, and Tornado Analysis

Abstract

In Malaysia, green building has currently become significant as sustainable development. Most of the established developers have incorporated sustainable development in green building projects. Due to the passive evolutionary effects of real estate on the environment and human health, the development and promotion of green buildings for a sustainable environment have become a market trend to attract buyers in this country. Thereby, the qualitative approach methodology is adopted in this study, where a case study has been selected to observe the significant risk impact on the development cost. An in-depth analysis was carried out using a feasibility study, and a discounted cash flow was performed. The simulation runs using tornado analysis to detect the most significant risk affected by development cost. The results indicate that the building cost, mechanical and electrical works, and piling works are the highest risk in developing a green building. Therefore, the client should take extra precautions in green development to monitor the affected cost to minimise project delay and achieve the project objectives. A tornado analysis makes decisionmaking more explicit by the client. It enables the decision-maker to analyse the risk contributing to the development cost and make more effective decisions.

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Design and Methods (Vol. 5): SAGE Publications.

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Published

2022-04-18

How to Cite

Muhamad Halil, F., Hasim, M. S., Kamaruddin, S. M., Mat Nasir, N., & Ismail, H. (2022). TORNADO FINANCIAL DEVELOPMENT COST ANALYSIS FOR GREEN PROJECT IN MALAYSIA. PLANNING MALAYSIA, 20(20). https://doi.org/10.21837/pm.v20i20.1085

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