GREEN BUILDING ASSET MANAGEMENT TOWARD THE END OF USEFULNESS: A CASE OF THE RELOCATION OF JAKARTA TO NEW JAKARTA

Abstract

Previous studies have emphasized the longevity nature of green buildings (buildings fulfilling the principles of sustainable development) and suggested that green buildings have higher rentability than other buildings. This research reviews the rentability of government buildings in Indonesia by measuring the buildings’ green parameters and traditional parameters known to predict rentability. Thirty-nine government buildings in Jakarta are evaluated using the secondary data. We found that four buildings scored 12 out of the possible 15. We recommend  that the government increases buildings’ rentability factors so that when Indonesia’s capital is relocated from Jakarta to Kalimantan, the buildings left can maximally bring income from other than high rent tax.