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Old July 17th, 2016, 06:53 PM   #10301
ChiCityAtty11
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I wonder how many of those buildings in Shanghai are actually occupied. Same thought with respect to other cities in China as well.

There was a story on 60 Minutes (a popular and highly respected news show) about a year or so ago that interviewed people/developers/politicians in China and they also toured many of the skyscrapers in China... and they found that a large majority of the skyscrapers are vacant (or with one or two tenants) and are being built for tax shelter, tax incentive purposes, etc.

In the news story, many of the skyscrapers were essentially "ghost buildings".

.
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Old July 17th, 2016, 07:25 PM   #10302
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Quote:
Originally Posted by ChiCityAtty11 View Post
I wonder how many of those buildings in Shanghai are actually occupied. Same thought with respect to other cities in China as well.

There was a story on 60 Minutes (a popular and highly respected news show) about a year or so ago that interviewed people/developers/politicians in China and they also toured many of the skyscrapers in China... and they found that a large majority of the skyscrapers are vacant (or with one or two tenants) and are being built for tax shelter, tax incentive purposes, etc.

In the news story, many of the skyscrapers were essentially "ghost buildings".

.
Normally thats for third tier cities. First tier like guangzhou shanghai beijing have high occupancy rate.

But last heard some second tier like hangzhou suzhou etc might facing similar prob with third tier cities.
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Old July 17th, 2016, 08:04 PM   #10303
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Quote:
Originally Posted by ChiCityAtty11 View Post
I wonder how many of those buildings in Shanghai are actually occupied. Same thought with respect to other cities in China as well.

There was a story on 60 Minutes (a popular and highly respected news show) about a year or so ago that interviewed people/developers/politicians in China and they also toured many of the skyscrapers in China... and they found that a large majority of the skyscrapers are vacant (or with one or two tenants) and are being built for tax shelter, tax incentive purposes, etc.

In the news story, many of the skyscrapers were essentially "ghost buildings".

.
The story is partially true for some cities, Tianjin had the ghost city problem for some time. It's starting to fill in now. First tier cities build according to demand
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Old July 17th, 2016, 11:25 PM   #10304
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Thanks guys. Thats good to know
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Old July 17th, 2016, 11:32 PM   #10305
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Those shots of Shanghai are fantastic.
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Old July 18th, 2016, 11:37 AM   #10306
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Dubai:If dubai is a person,he probably wouldn't be old enough to even drink alcohol





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Old July 18th, 2016, 03:31 PM   #10307
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NYC Skyline
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Old July 18th, 2016, 03:37 PM   #10308
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Old July 18th, 2016, 09:20 PM   #10309
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View of flatiron district and One World Trade Center in Manhattan at dusk. by javansg, on Flickr
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Old July 18th, 2016, 09:21 PM   #10310
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罗湖 by lok, on Flickr
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Old July 18th, 2016, 09:30 PM   #10311
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Old July 18th, 2016, 09:35 PM   #10312
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New York City

Golden Brooklyn by jerome guastalla, su Flickr

Downtown New York from Brooklyn Ny by kirit prajapati, su Flickr

DSC_0588 by Brian, su Flickr
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Old July 18th, 2016, 10:19 PM   #10313
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Shanghai, China [2048x1134] by Fei-Chun Ying by Patrick Lawe, on Flickr
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Old July 18th, 2016, 10:28 PM   #10314
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Green Toronto, ON [2048 x 1371] by Patrick Lawe, on Flickr
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Old July 19th, 2016, 06:18 AM   #10315
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Bangkok at sunset by jose luis cueto, on Flickr
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Old July 19th, 2016, 06:20 AM   #10316
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Old July 19th, 2016, 06:22 AM   #10317
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Old July 19th, 2016, 06:24 AM   #10318
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Old July 19th, 2016, 07:12 AM   #10319
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Old July 19th, 2016, 08:51 AM   #10320
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