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Making Rental Housing in the Gap-Market More Affordable Through Green Building Technology

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The Construction Industry in the Fourth Industrial Revolution (CIDB 2019)

Abstract

There exists a phenomenon whereby “affordable housing” developed by the private sector has become unaffordable. The advancements of the 4th Industrial Revolution, namely Green Building Technology (GBT), provides a possible solution to making rental housing in the gap market more affordable by reducing the tenant’s utility bills. The paper uses a Systematic Literature Review (SLR) to determine: Various GBT’s that can be used; if the Green Building (GB) tenant benefits financially; benefits and barriers for the developer. The findings showed that the incorporation of GBTs can indeed reduce the tenants housing expenditure. The paper makes a strong case for the private sector to build green affordable housing and has found many benefits that enhance the feasibility of such development. These include: increased property value; lower tenant turnover; tax benefits; reduced operating costs among others. The development of Green Buildings should become standard practice as we enter the 4th Industrial Revolution.

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Author information

Authors and Affiliations

  1. Construction and Economics Management, University of the Witwatersrand, Johannesburg, South Africa

    Prisca Simbanegavi, Ziev Shani, Justin Watkins & Kimera Ramruthan

Authors
  1. Prisca Simbanegavi
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  2. Ziev Shani
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  3. Justin Watkins
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  4. Kimera Ramruthan
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Corresponding author

Correspondence to Ziev Shani .

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Editors and Affiliations

  1. Construction management and Quantity Surveying, University of Johannesburg, Johannesburg, Gauteng, South Africa

    Clinton Aigbavboa

  2. Construction management and Quantity Surveying, University of Johannesburg, Johannesburg, Gauteng, South Africa

    Wellington Thwala

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Simbanegavi, P., Shani, Z., Watkins, J., Ramruthan, K. (2020). Making Rental Housing in the Gap-Market More Affordable Through Green Building Technology. In: Aigbavboa, C., Thwala, W. (eds) The Construction Industry in the Fourth Industrial Revolution. CIDB 2019. Springer, Cham. https://doi.org/10.1007/978-3-030-26528-1_24

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  • DOI: https://doi.org/10.1007/978-3-030-26528-1_24

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-26527-4

  • Online ISBN: 978-3-030-26528-1

  • eBook Packages: EngineeringEngineering (R0)

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