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Green Mark Incentive Scheme for Existing Buildings 2.0 (GMIS-EB 2.0)

In March 2021, BCA launched the Singapore Green Building Masterplan (SGBMP) to accelerate our transition to a low-carbon Built Environment. Green buildings are key to Singapore’s effort in this transition. Existing buildings due for retrofitting should strive to achieve the highest energy performance as feasible in their next retrofit and avoid missing the opportunity to unlock the full potential to reduce carbon emissions and maximise cost savings over the building’s lifecycle.

To facilitate this, as part of the latest edition of the SGBMP, BCA will launch an enhanced $63-million Green Mark Incentive Scheme for Existing Buildings 2.0 (GMIS-EB 2.0) to raise the energy performance of existing buildings and step up the pace to green 80% of our buildings by 2030. The scheme aims to support building owners who are striving to improve the energy performance standards of their buildings, by lowering the upfront capital costs for energy efficiency retrofits and improve the returns on investment.  The scheme will be available in 2Q 2022.


Scheme Details

The scheme is outcome-based where building owners can receive funding support based on the Green Mark certification rating and carbon emissions reduction achieved through retrofitting, (subject to the funding cap specified in Table 1) 

Qualifying Criteria

Funding Factor

Funding Cap

Green Mark Platinum

$25/tCO2e

$600,000 or up to 50% of qualifying cost, whichever is lower

Green Mark Super Low Energy (SLE)

$35/tCO2e

$900,000 or up to 50% of qualifying cost, whichever is lower

Green Mark Zero Energy (ZE)

$45/tCO2e

$1,200,000 or up to 50% of qualifying cost, whichever is lower

Table 1: Funding Factor and Funding Cap

Eligibility for GMIS-EB 2.0

In general, GMIS-EB 2.0 is applicable to existing privately-owned buildings with a minimum GFA of 5,000 m2 that will be undergoing retrofitting works to improve their energy efficiency:

1)  Commercial and institutional developments (e.g. hotels, offices, retail buildings, healthcare facilities, community institutions);

2)  Light industrial buildings, excluding energy savings from manufacturing, industrial and commercial processes; and

3)  Residential buildings, only including energy savings from common areas/services.

All applications must be lodged before commencement of the energy improvement works being co-funded under the GMIS-EB 2.0.  More details of the scheme will be available in 2Q 2022. 

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