Its president Lee Chor Wah said PAM hoped that the proposal, to be submitted to the Finance Ministry on Friday, would be considered positively by the government as a form of appreciation to developers who built environmental-friendly buildings, which cost higher.
Lee said financial factors were among the issues hampering efforts to build green buildings, which cost 10 to 15 per cent higher than ordinary buildings.
"I think there will be announcement on the matter later," he told Bernama at the signing of a memorandum of understanding today between PAM and Universiti Putra Malaysia's Faculty of Design and Architecture to incorporate the PAM-developed GBI system into the faculty's curriculum.
Apart from developers, the PAM also hoped that the government could provide incentives to contractors, architects and engineers similar to what was being practised in Singapore.
He said that the incentives need not be in the form of cash.
It could be in the form of tax relief as well as rebates on equipment and stamp duties, he added.
Lee said that since its launching in May this year, only one building fulfilled the GBI criteria, namely the GEO building in Bangi.
There were also 40 GBI projects currently being evaluated by PAM, he said.
There are six categories for the GBI evaluation namely energy efficiency, interior air quality, site planning and management, material and resources, water usage efficiency and innovation.
Source: Bernama 28 August 2009
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