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Supertalls Discussions of projects under construction between 300-599m/1,000-1,999ft tall.
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Old December 1st, 2013, 09:50 PM   #361
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245.9m getting cladding!

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Old December 2nd, 2013, 06:10 AM   #362
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So much construction in Tianjin; how many empty buildings can the city afford? Does anyone know the vacancy rate of the city?
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Old December 2nd, 2013, 09:43 AM   #363
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Another American smartass above
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Old December 2nd, 2013, 04:56 PM   #364
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The new bridge (U/C) will be arch?
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Old December 2nd, 2013, 06:02 PM   #365
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actually it seems this project is dead, there has not been any cladding on the T/O structures. Just a bit worrying
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Old December 2nd, 2013, 07:35 PM   #366
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patience
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Old December 2nd, 2013, 08:24 PM   #367
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Ya, I know, BTW which one of these is going to be the supertall?
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Old December 3rd, 2013, 05:20 AM   #368
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The building with the cladding, the building with the scaffolding, Yinglan IFC (the tallest building U/C in the district), Powerlong Center, and the subway station are all moving along at fair construction paces.
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Old December 4th, 2013, 12:40 PM   #369
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Quote:
Originally Posted by Northern Lotus View Post
So much construction in Tianjin; how many empty buildings can the city afford? Does anyone know the vacancy rate of the city?
About 100% in Xiangluowan/Yujiapu area! In fact all project in these area are T/O,because ther are no one live or worked there.Do you find all these photos about the same with 1 year before?no clad. Tianjiner said they will build the largest finance area in the world,in fact they build world largest ruins!
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Old December 4th, 2013, 12:58 PM   #370
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If you do't believe all peoject in Tianjin's Xiangluowan/Yujiapu area are stoped,you can see 60 minutes"China's massive real estate bubble, ghost cities"

Tianjin's ruin "CBD" appear in 9-11 minutes in this program

http://www.youtube.com/watch?v=ei0FpwI1dqg
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Old December 4th, 2013, 01:51 PM   #371
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WOWOWO!! In two years in Tianjin they built many buldings - skyscrapers. Nice progress!
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Old December 4th, 2013, 04:27 PM   #372
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The journalists in BBC and similar Western media units are not used to the idea of mass construction. Their understanding is limited to their homecountries' ideas where construction of new infrastructure, housing and offices only takes place once demand has far exceeded the supply and the market has already sunk in suppressed demand phase.

China is pursuing a slightly different strategy. Planning ahead and making it ready when (or slightly before) the actual demand has taken place. Some might argue which ideology is better overall but pursuing the strategy that is used in small and developed Western countries would be a nonsense in China.

Even despite such grand planning China is struggling from under capacity where demand exceeds supply. Railways is the primary case here. Even despite the rapid expansion of high speed railways some areas are still lacking capacity to satisfy the demand. So those questioning the need of large projects and developments in a country of this size should shut up or at least try to understand the idea.

It's a valuable obeservation indeed but if the media have never seen construction of this sclae how could they be expected to understand it? They basically superimpose their personal comprehension of such matters based on actual and past experience and apply that to China. The problem is that there is not here. It's like comparing grapes and watermelons.

A lot of people there just assume that China is a poor third world country made up of farmers snd the like living in the countryside without the demand for things like buildings, airports and such. They will argue this case because they believe what are are being told is true via the media

The internet and social media are two of the biggest developments in terms of IT in my lifetime. Without them this forum wouldn't exist.

In terms of population a lot of people on the planet don;t live in countries with a billion of more people, they can;t even begin to imagine the sheer scale of what's happening here.

I remember going to the airport economic zone and seeing recently constructed buildings nearby which seemed mostly vacant. When I asked an airport employee why he told me that the SOE is works for as an incentive to retain employess was providing low cost housing that after a period of time ownership reverted to the employee. It'a a fringe benefit and hangover from the Iron Rice Bowl days but effective. That is a major reason why government or public service jobs are sought after. They build these things in mass near public universities, high tech areas etc before these economic zones become active.

Goverment SOE are a major source of employment and employer provided housing is not uinusual. A project this big reeks of the government they can assign whoever they want there in the future. They can literally order tens of thousands of employees there. I've heard that employees that been told to buy property at a reduced rate by their employer as a condition of their employment I guess it was a relocation .

My point is if this is owned by the government , the land is owned by the government and the capital is provided by the government and there is no intention of selling in the future then where exactly is the loss? They could rent them, lease them of sell them or not.


China is not the west not everything is privately owned built with the profit motive in mind the build it sell it mentality. Huge investment sure but the government is not guilded by the free market because there isn't one here. Supplty and demand and influenced by the government, an increae or decrease in supply would affect demand.

These guys don;t sit around chewing their fingernails waiting on Wall St. All factors of production are public;ly owned so they don;t have to sell because the government controlled bank will never foreclose on them etc.

As you saw during the so called Financial crisis when the government in the USA bailed out the bans there they wouldnt happen here because the government owns the banks. IN a free market there is an assumption of a return on profit or recoup a loss these guys see everythng in terms of ten to twenty years. I mean they're using public funds for the most part in this case where does the repayment part come in?
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Old December 4th, 2013, 05:16 PM   #373
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I remember a few ytears ago in 2011 the government was concerned about the escalating cost of housing was making it unaffordable for low income earners to buy a home. They annouced measures including transferring trillions of dollars from the top 50 State owned enterprises like Petro chemicals, shipping companies, arilines etc something like 5% of gross profits and then making this money avaiable through state banks to lend to low income earners who were first home buyers. Talk about blatant manipulation of supply and demand.

In another move the local city government recently announced a 30%tax on all secoind hand property in the city to bring up the price of old houses to the level of new ones. The message is buy new houses once the market falls out of the bottlm of the used housing market they go in and buy them up cheap then demolish them to make way for whatever.

When people outside the syatem talk about the Chinese real estate market 99% of people think becaiuse they read the local paper that gives them better knowledge of the system here than the people who created it. The real estate market is just another example of extension of the government influence in all facets of the economy.
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Old December 4th, 2013, 05:46 PM   #374
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Quote:
Originally Posted by kunming tiger View Post
I remember a few ytears ago in 2011 the government was concerned about the escalating cost of housing was making it unaffordable for low income earners to buy a home. They annouced measures including transferring trillions of dollars from the top 50 State owned enterprises like Petro chemicals, shipping companies, arilines etc something like 5% of gross profits and then making this money avaiable through state banks to lend to low income earners who were first home buyers. Talk about blatant manipulation of supply and demand.

In another move the local city government recently announced a 30%tax on all secoind hand property in the city to bring up the price of old houses to the level of new ones. The message is buy new houses once the market falls out of the bottlm of the used housing market they go in and buy them up cheap then demolish them to make way for whatever.

When people outside the syatem talk about the Chinese real estate market 99% of people think becaiuse they read the local paper that gives them better knowledge of the system here than the people who created it. The real estate market is just another example of extension of the government influence in all facets of the economy.
Your explanation goes into the direction of "this time it's different". So far, every property bubble has bursted at some point, and China's bubble will also burst some day. You cannot cheat the law of demand and supply indefinitely. Every country has learned that fact at some point of history.
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Old December 17th, 2013, 05:15 AM   #375
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OK finally some more specific dates released:

October 2014: Infrastructure complete and some buildings open
End of 2014: At least 10 commercial buildings open
June 2015: Whole area officially open, including shopping streets, cultural, medical, and educational facilities

http://bbs.tjnewcity.com/thread-2949-1-1.html
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Old December 17th, 2013, 06:14 AM   #376
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That's what I like. A concrete schedule. Perhaps I'll have to pay a visit in 2015.
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Old December 17th, 2013, 05:01 PM   #377
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by 焦永普

by 王光荣

by vslinuxuan


http://www.tj.xinhuanet.com/xhvision..._118357169.htm
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Old December 17th, 2013, 08:32 PM   #378
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Quote:
Originally Posted by Chrissib View Post
Your explanation goes into the direction of "this time it's different". So far, every property bubble has bursted at some point, and China's bubble will also burst some day. You cannot cheat the law of demand and supply indefinitely. Every country has learned that fact at some point of history.
While no doubt there are bubbles in some Chinese cities this is not one of them. A real estate bubble occurs when developers rushing to a market to build up square footage hoping to cashing in on the skyrocketing property value. Here it's the local government planned and invested in the development of an entirely new area with the goal of boosting local economic activities. They know they are not making money of selling apartments and office spaces but rather providing the infrastructure in place to attract companies to move to Tianjin. Also being a greenfield development it's much cheaper to build right now, and they can plan everything in a holistic fashion. This is investing in the future.
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Old December 18th, 2013, 12:44 AM   #379
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So bizarre to see such a large forest of skeleton skyscrapers. Looks almost surreal.

I can't wait unti they're all cladded!
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Old December 18th, 2013, 11:40 AM   #380
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Quote:
Originally Posted by Chrissib View Post
Your explanation goes into the direction of "this time it's different". So far, every property bubble has bursted at some point, and China's bubble will also burst some day. You cannot cheat the law of demand and supply indefinitely. Every country has learned that fact at some point of history.
You are right that every bubble will burst. But the thing is that in general there is no property bubble in China, as demand far exceeds supply.
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