Is the Philippines Ready for More Sustainable Development?

Investing in technology that is geared towards sustainability and resilience will be the standard for commercial and residential properties, moving forward. In fact, the United Nations has prepared a roadmap to towards sustainability until the year 2030. This report covers multiple areas of the society — from governance, the economy, and urban planning and design. Recent global events have also raised the discussion of pushing for green real estate and technology to promote the health and general wellbeing of communities around the world. 

Sustainability in real estate has long been a standing movement in the industry. More awareness and campaigns have been made to encourage the shift towards sustainability as the United Nations Environment Programme reported that the building sector has the potential to make energy savings of 50% or more in 2050. The US Energy Information Administration also supported this claim as the organization reported that this increased demand for energy was driven by residential and commercial establishments

According to a 2018 report, real estate can be a powerful driver for corporate sustainability and for making the Sustainable Development Goals a reality. 

The discourse on the importance of uplifting the health and wellness of building occupants was also raised as the world combats the COVID-19 pandemic. Various workplace protocols and guidelines were modified and implemented to protect the safety of public and common spaces, including the workplace. Buildings are also optimizing their technology and design to prevent another health crisis in the future. 

RELATED: Optimizing Buildings for Disease Prevention 

In the Philippines, green real estate is starting to become the new standard in the residential and commercial sector. According to the Urban Land Institute (ULI),  green markets tend to thrive in developing economies, and the Philippines is now transitioning into a culture that advocates sustainable design and technologies. 

The Building Owners and Managers Association of the Philippines noted that the government are also starting to create policies that will benefit the green movement in real estate. Eduardo Manahan, the organization’s chairman said that the country is on the road to building greener and smarter communities

“We have a law pending in Congress about green building, and we are also in the process of approving the revision of the National Building Code,” Manahan said in a 2018 interview. “Once approved, everybody should follow, and the buildings should be compliant with these things,” he added. 

The shift towards more sustainable and greener developments will also make the country a more globally attractive investment destination for commerce and real estate. The Organization for Economic Cooperation and Development (OECD) has also released policy-making guidelines for countries to support green growth and development in different sectors. 

RELATED: Shift to Sustainability: Highlighting Green Real Estate in the Philippines 

JEG Development Corporation is one of the frontrunners of sustainable real estate in Cebu and in the Philippines. It’s first high-rise commercial development, JEG Tower @ One Acacia is set to be one of the first premium green buildings within the Cebu Busines District.  

“JEG Tower is one of a new crop of office developments in Cebu that are raising the standards of buildings in our city,” JDC Estate and Business Development Manager Stefan Garcia explains. “Our company has placed a lot of resources to build the best workspace in the city.” 

From the building’s design to the construction processes, and operations, JEG Tower is energy efficient and environmentally friendly. It is also one of the first Leadership in Energy and Environmental Design (LEED)-certified structures. It is currently pre-certified at the Silver level for building design and construction (LEED BD+C). The Tower will also operationalize using less water and electrical power than many of the structures currently in the city’s central business district. It is expected to emit less in terms of dangerous greenhouse gases. 

Want to learn more about Philippine Real Estate’s shift towards sustainability?

Reach out to Michael Glindro at mike.g@kmcmaggroup.com or (+63) 917-584-0443. Send an email to info@kmcmaggroup.com or call us at (+632) 8403-5519

Shift to Sustainability – Highlighting Green Real Estate in the Philippines

The role of health has taken the spotlight as the government, along with other industries have been taking the initial steps to the new normal. More emphasis has been given to creating resilient and sustainable buildings that will further support the promotion of public health and wellness, especially in the workplace.  

Sustainability has been an enduring trend in real estate for decades. Aside from the negative health and economic effects, the COVID-19 pandemic also revealed how massive the impact of economic activity and building & construction has on the environment.  

According to the Urban Land Institute (ULI), healthy design and construction of green buildings should be prioritized now more than ever as they do not only key determinants of market competitiveness and investment appeal, but as more private estates aim to make sustainable and green real estate the standard in the Philippines.  

RELATED: JEG Tower at One Acacia: A sustainable landmark rises – Property Report PH  

Some publications have been suggesting that sustainability in real estate should be the new norm and should be the new standard post-pandemic. Optimizing residential and commercial structures to promote health and hygiene, and at the same time, contribute lesser negative impacts to the environment should be the focus of shift in the real estate landscape in the Philippines.  

Sustainable buildings, especially those that are certified by LEED, WELL, or BERDE in the country implements specialized measures that do not only prevent disease and potential outbreaks in the future but greatly contribute to the security and protection of public health in communities.  

RELATED: Optimizing Buildings for Disease Prevention  

Buildings and public spaces play a huge role in disease prevention and control. From its design to operations, buildings contribute to the battle against the spread of viruses in workplaces and offices. While other commercial establishments will only start to adapt to these newer standards after the coronavirus outbreak, sustainable and green buildings that were already certified by programs such as LEED have long been uplifting the quality of the work environment and promoting the health and well-being of their tenants.  

Driven to push forward this initiative to become the new standard, JEG Development Corporation (JDC) has specifically partnered with Casas+Architects to design this 22-floor tower towards sustainability, using environment-friendly materials and would operationalize as energy-efficient as possible.  

JEG Tower @ One Acacia has been one of the few commercial establishments in Cebu City that advocates for the overall health and wellness—not only of their tenants but the community as a whole. Earning its Silver pre-certification even before launching, this is JEG Tower’s commitment to the continuous betterment and upliftment of their fellow Cebuano’s lives, especially now after a pandemic.  

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In addition, JEG Tower was designed in such a way that tenants are also encouraged to lead a more sustainable lifestyle for themselves, not just as a defense against potential health crises in the future. This is also part of the general mission of JDC to improve life in Cebu City.  

According to the Centers for Disease Control and Prevention, a healthy community is a prepared community. The best way of preparing for potential outbreaks in the future is by ensuring that the health of the overall community. Envisioned as one of the most preferred work locations for Cebuanos, JEG Tower @ One Acacia will not only offer office spaces that will boost employee productivity but also provide a space where their health and well-being is the main priority.