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Old December 25th, 2013, 03:21 AM   #17701
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Let's stop criticizing cities/countries and get back on topic.
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Old December 25th, 2013, 04:37 AM   #17702
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All 3 of these buildings are incredible and each and every one is completley unique. I Love what Shanghai has done here. Time for a diagram, anybody seen Kanto or heard from him?
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Old December 25th, 2013, 06:05 AM   #17703
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Originally Posted by ska.pre View Post
Why are houses in the aera of ''CBD''? What kind of urbanistic plans is that...20m tall blocks and then next to 500m skyscrapers...
From ST.
[/QUOTE]

Just curious, if they want to get rid of these residential houses in order to make use of land, do they demolish them or pick each of the apartment blocks up like Lego blocks and transfer them to a new location?
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Old December 25th, 2013, 06:11 AM   #17704
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NYC has tiny buildings next to massive skyscrapers as well.
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Old December 25th, 2013, 08:14 AM   #17705
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Old December 25th, 2013, 07:58 PM   #17706
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Old December 25th, 2013, 08:51 PM   #17707
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Quote:
Originally Posted by zilze View Post
From ST.


Just curious, if they want to get rid of these residential houses in order to make use of land, do they demolish them or pick each of the apartment blocks up like Lego blocks and transfer them to a new location?
There is this plan

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Old December 25th, 2013, 09:07 PM   #17708
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Is this plan still progressing? The last post in the thread you linked is from 2007
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Old December 25th, 2013, 10:14 PM   #17709
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The density of Shanghai is not that high, so the plan may not be practical at this stage.
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Old December 25th, 2013, 10:52 PM   #17710
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Great photos Little Universe, Merry Christmas to all who celebrate.
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Old December 25th, 2013, 11:45 PM   #17711
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Despite the negative tone in the title, things aren't too bad. Very informative article about Shanghai and it's office development.

Shanghai Glut Rises With Tallest Tower: Real Estate
By Bloomberg News 2013-12-17

"When completed in 2015, the Shanghai Tower will be China’s tallest building. The 632-meter (2,074-feet) skyscraper will also deepen a glut of offices in the city, putting pressure on rents.

The project, in the Lujiazui financial district, will add 220,000 square meters (2.4 million square feet) of office space, or more than 10 percent of the new supply forecast for the city in 2015, according to RET Property Consultancy Ltd. About 2 million square meters of grade-A offices will be added between 2014 and 2015, more than double the supply in the previous two years, according to broker Savills Plc..."

"...Once finished, Shanghai Tower will rank as the world’s tallest building after the 828-meter Burj Khalifa in Dubai, data compiled by Chicago-based Council on Tall Buildings and Urban Habitat show. It will surpass China’s current record holder, the 492-meter Shanghai World Financial Center, which is diagonally across Dongtai Road and houses the local offices of Google Inc. and Ernst & Young LLP .

Lujiazui, on the east side of the Huangpu River in Pudong and across from the Bund historical waterfront area, has evolved from rice paddies three decades ago into Shanghai’s main financial district. The 421-meter Jin Mao Tower, now the city’s second tallest, sits across from Shanghai Tower and Shanghai World Financial Center..."

"...The vacancy rate in Lujiazui is 3 percent and will double to about 6 percent by the end of 2014, according to CBRE. The grade-A office vacancy rate outside the central business district rose 0.3 percentage points to 24 percent in the third quarter from the previous three months, according to a report by Jones Lang LaSalle Inc. in October. For the entire city, the rate stood at 7.5 percent, the Chicago-based broker said.

Lujiazui is currently the submarket with the lowest vacancy rates in the city and there are very few projects that will be completed” in the area over the next three years, said James Macdonald, Shanghai-based head of China research for Savills. “At the same time, demand for space in Lujiazui is still relatively strong.”..."

"...it may still take time for the 125-story Shanghai Tower to be filled, said Sam Xie, a Shanghai-based property analyst at CBRE. The vacancy rate at Shanghai World Financial Center dropped below 25 percent only three years after the skyscraper opened in 2008, said Xie.

Shanghai Tower, being built at a cost of 10.3 billion yuan ($1.7 billion), will include offices, a luxury hotel and retail space. Developer Shanghai Tower Construction & Development Co. could have gone taller, President Gu Jianping told reporters in Shanghai in August, however the company didn’t aim for physical height when planning the building..."
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Old December 25th, 2013, 11:48 PM   #17712
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Old December 26th, 2013, 01:47 AM   #17713
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Quote:
Originally Posted by spectre000 View Post
"...The vacancy rate in Lujiazui is 3 percent and will double to about 6 percent by the end of 2014, according to CBRE. The grade-A office vacancy rate outside the central business district rose 0.3 percentage points to 24 percent in the third quarter from the previous three months, according to a report by Jones Lang LaSalle Inc. in October. For the entire city, the rate stood at 7.5 percent, the Chicago-based broker said.

Lujiazui is currently the submarket with the lowest vacancy rates in the city and there are very few projects that will be completed” in the area over the next three years, said James Macdonald, Shanghai-based head of China research for Savills. “At the same time, demand for space in Lujiazui is still relatively strong.”..."
If the vacancy rate is that low in Lujiazui then it's really dangerous, they risk driving businesses away from the area due to high rent. They need to at least double that 6% rate in order to stay healthy. I think they should immediately start planning for five 200m+ towers in the area to meet that demand in the next five years. Overall the city needs a lot more offices too, the only other supertall is White Magnolia and it'll barely put a dent in the city's overall vacancy rate.
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Old December 26th, 2013, 01:51 AM   #17714
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Originally Posted by zilze View Post
Just curious, if they want to get rid of these residential houses in order to make use of land, do they demolish them or pick each of the apartment blocks up like Lego blocks and transfer them to a new location?
They will call the Asgard's 1-800 number to have them beam the entire residential block 20km to an empty plot southeast of Lujiazui. Jokes aside, they will pay off all the residents in the complex to acquire rights to the units, and demolish the entire complex. Sometimes they will build a relocation complex some kilometers away first to attract current residents.
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Old December 26th, 2013, 01:53 AM   #17715
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Originally Posted by hmmwv View Post
If the vacancy rate is that low in Lujiazui then it's really dangerous, they risk driving businesses away from the area due to high rent. They need to at least double that 6% rate in order to stay healthy. I think they should immediately start planning for five 200m+ towers in the area to meet that demand in the next five years. Overall the city needs a lot more offices too, the only other supertall is White Magnolia and it'll barely put a dent in the city's overall vacancy rate.

Frankly, if the vacancy rate for the rest of the city is about 7.5% (and rate outside the central business district is 24%) then some should move to elsewhere.
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Old December 26th, 2013, 03:04 AM   #17716
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Is this plan still progressing? The last post in the thread you linked is from 2007
demolish price is tooooo high. goverment cant offord it.
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Old December 26th, 2013, 04:52 AM   #17717
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Old December 26th, 2013, 07:28 PM   #17718
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Overall vacancy rate of 7.5% is very healthy, actually. Compare it with Toronto at 8.7% and overall U.S. rate is 13.5%. Anything below 8% is landlord's market.
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Old December 27th, 2013, 01:16 AM   #17719
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What does everyone actually do or produce in all the office space in the world ?
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Old December 27th, 2013, 01:46 AM   #17720
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They look for online clients, manage sales, promote their business, etc.
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