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17th June 2017 - Economic benefits of green spaces -The Star Online
 

THE growing number of developments encroaching onto green areas such as Taman Rimba Kiara and Bandar Tun Razak has created quite a stir among the local community recently.

While green spaces within urban areas are known to offer a healthy environment and enhance liveability, they also provide economic benefits.

According to a research report by the Forestry Commission, a non-ministerial government department responsible for forestry in England and Scotland, evidence exists that investments in green space have a positive impact on constituent components such as job creation, new business start-ups and private investment.

“These impacts could consequently increase local gross value added,” it says.

The research report adds that improving the aesthetic quality of a place increases land and property prices.


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