healthy residential buildings in china-building in health to advance building wellbeing
nov 25, 2021
shanghai, november 25, 2021 —— cushman & wakefield, a leading global real estate services firm, today released its healthy residential buildings in china report. according to the report, generally around the world, as much as 60% of our time is expended at home during the day and that’s not even making an allowance for the one-third of our time devoted to sleeping at night. with this amount of time spent residing at home, it is not surprising that people are progressively becoming concerned about how healthy their living accommodation is. levels of pollution within buildings in many locations globally, including in some residential buildings, are frequently greater than levels recorded outside. when looking to improve residential building health, there are many ways this can be accomplished, but nine principal areas that can be observed, addressed and improved upon are: ventilation, air quality, thermal health, moisture, dust & pests, water quality, noise, lighting & views, and safety & security.
shaun brodie, head of occupier research, greater china at cushman & wakefield, said: “in recent years, the concept of healthy residential has been known to the public, especially after experiencing the epidemic, the public’s health demands have become stronger, and their awareness of health has also extended from basic physical health to vision, belonging, and mental health. ahead, once awareness of the benefits of living in healthy residential housing is higher among more of the general public, so we expect the supply volume of healthy residential housing in china to further expand in the years to come.”
this report focuses on healthy residential related standards, certification system, and market outlook, and provides professional opinion on the improvement of residential health performance.
investors, developers and owners in china have a number of healthy building certification choices open to them. two examples, however, are the international well building institute (iwbi) and their well building standard version 2 (well v2) certification, and china’s evaluation standard for healthy housing (t/cecs 462-2017). these certifications and standards provide comprehensive building appraisal schemes that can augment human health and wellbeing throughout the residential built environment.
well v2 – the 10 concepts
source: cushman & wakefield research
evaluation standard for healthy housing (t/cecs 462-2017)
source: evaluating standard for healthy housing t/cecs 462-2017, china national
engineering research center for human settlements, cushman & wakefield research
when explicitly focusing on healthy residential projects, and in particular, certified residential projects built by a representative group of 10 selected major developers, several years before 2017, healthy residential housing building volume in china was relatively small. over the eight-year period between 2008 and 2016, the average accumulated supply growth rate for this asset class was 25.8%. however, over recent years, the accumulated residential supply with “health” as a major theme has grown significantly. over the four-year period, between 2017 and 2020, the average growth rate for accumulated healthy residential project supply, built by this group of selected developers, grew by a substantial 58.8%.
healthy residential housing project supply in china – average accumulated growth rate (built by a representative group of selected developers) (2008-2020)
source: cushman & wakefield project & occupier services, cushman & wakefield research
as per a recent survey by baixing finance & economics, over 70% of respondents plan to improve their living environment and the health level of their home by either modifying their existing home, buying a new house or renting a better one.
ahead, once awareness of the benefits of living in healthy residential housing is higher among more of the general public, so we expect the supply volume of healthy residential housing in china to further expand in the years to come. as the health of residential buildings in china is further augmented, a healthy residential housing system can be generated and utilised by developers and asset owners. this particular system has been derived from an assessment of the healthy residential housing systems currently employed by 10 developers in china. from the adoption of such a healthy residential housing system, a greater amount of certified healthy residential homes, which integrate healthy design, materials, products and technology, can be realised in china.
for more details, please click to download the report
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about cushman & wakefield
cushman & wakefield (nyse: cwk) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. cushman & wakefield is among the largest real estate services firms in the world, with approximately 50,000 employees in over 400 offices and 60 countries. in greater china, a network of 22 offices serves local markets across the region, earning recognition and winning multiple awards for industry-leading performance. the firm had global revenues of $7.8 billion in 2020 across core services including valuation, consulting, project & development services, capital markets, project & occupier services, industrial & logistics, retail and others. to learn more, visit www.cushmanwakefield.com or follow @cushwake on twitter.
for further information, please contact:
nicole zhang
head of marketing & communication, east china
tel: 86 21 2208 0235
nicole.mc.zhang@cushwake.com
