HCMC apartment development to follow LEED standards from the US.
On September 20 the Phuc Khang Investment and Construction Corporation signed a contract with Green Consult - Asia (a member of the US Green Building Council) on the latter becoming a consultant for building and developing the Diamond Lotus project under US Eco-Friendly LEED-Certified Apartments standards.
The project covers an area of 1.68 ha with total investment of VND1.268 trillion ($56.3 million), on Le Quang Kim in District 8, Ho Chi Minh City. It is the first project to be designed, built, and operated under the green LEED standards.
“Despite construction costs increasing 10 per cent, or VND120 billion ($5.3 million) because we are implementing the project under the LEED standards, we are proud to develop the first project in Vietnam following the green standards,” General Director of Phuc Khang Corporation, Ms. Luu Thi Thanh Mau, said.
Diamond Lotus consists of three apartment blocks, with apartments ranging is size from 58 sq m to 91 sq m.
According to the Director of Green Consult - Asia, Ms. Melissa Merryweather, LEED is a major certification for green buildings, verifying projects in the design, construction, and operation stages. It aims to improve performance and energy savings by 20-30 per cent, cut water use by 35-50 per cent, reduce CO2 emissions, and use non-toxic materials to create environmentally-friendly communities.
LEED criteria have been applied to over 60,000 works in the US and 134 other countries, including more than 2,000 buildings in Asia.
Though it may add 10 per cent to construction costs, Ms. Merryweather said, this will be offset by energy and water savings in the long term.