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Old July 4th, 2009, 11:53 AM   #1001
hkskyline
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Quote:
Originally Posted by Harregarre View Post
That's pretty sick yeah. I'm wondering about the other similar apartments though; will they be taken down?
The others have been inspected and are fine. The reason for this collapse is excavation and piling of soils which resulted in destabilizing the ground and the building toppled.
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Old July 4th, 2009, 02:55 PM   #1002
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Originally Posted by big-dog View Post
I was in Shanghai last weekend. The whole city is messier than before, full of construction sites of new roads, flyovers and subway stations. People who plan to visit Shanghai before World Expo might better wait for a couple of months.
Hmmm i'm in Shanghai next month. I'm from Amsterdam so we got used to a city that is one big construction site (new central station, new metro line, and a lot of renovations and developments) Of course unlike in China everything goes sooo slow here
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Old July 4th, 2009, 06:33 PM   #1003
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Quote:
Originally Posted by Atmosphere View Post
Hmmm i'm in Shanghai next month. I'm from Amsterdam so we got used to a city that is one big construction site (new central station, new metro line, and a lot of renovations and developments) Of course unlike in China everything goes sooo slow here
welcome to highrises ocean.
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Old July 4th, 2009, 09:15 PM   #1004
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http://www.shanghaidaily.com/sp/arti...cle_406354.htm
Quote:
Financial hub to host own bull

By Jane Chen and Liang Yiwen | 2009-7-4 | NEWSPAPER EDITION



A STATUE of a bull similar to the Wall Street Bull will become a new landmark in Shanghai's financial hub of the Bund.

The statue, designed as a Chinese ox, is being sculpted now and will be in place in the Bund by the Huangpu River before the end of the Chinese Year of the Ox next February.

The bull signified a bullish and prosperous Bund "financial cluster area," which covers 260 hectares, district government officials said yesterday.

The Charging Bull in New York is a 3,200-kilogram bronze sculpture by artist Arturo Di Modica that sits in Bowling Green Park near Wall Street.

The Bund Financial Square, where Shanghai's bull will be placed, is to the south of Hankou Road and to the north of Guangdong Road.

The area is one of four squares in the financial area. The others are Huangpu Park, Chen Yi Square and Meteorological Square.

The Bund Financial Square was designed to provide a venue for major celebrations and rebadged Celebration Square last year.

But the original plan was changed and it was renamed the Bund Financial Square in April, after the city was designated to be built into a major international financial center and shipping hub by 2020 by the central government.

The district government has redeveloped numerous old office buildings, which were mostly built before liberation.

Many administrative companies and non-profit social organizations have been replaced by top-level financial institutions.

The Bund's financial cluster initially had 93 old buildings and 45 have undergone a facelift and seven are now targeted.

Rock Bund, the Peninsula Hotel more high-end residential areas, boutique hotels and department stores are also in the pipeline before the start of Expo.
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Old July 4th, 2009, 09:25 PM   #1005
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The "Rock Bund" project, which is essentially an extension of the Bund, with renovations of old buildings and constructions of new ones, including the Peninsula Hotel. I don't know if the highrises are still part of the plans:





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Old July 4th, 2009, 09:36 PM   #1006
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What happened to the Nanjing Xi Lu 1788 Hao Project thread?


Anyway, big renders are up around the site now, and the tower is U/C;


(Crappy cellphone camera)
image hosted on flickr
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Old July 4th, 2009, 09:42 PM   #1007
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Putuo 198m twins U/C. Gigantic plot:


(Crappy cell phone camera)
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Old July 4th, 2009, 09:52 PM   #1008
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SHK Huaihai Zhong Lu / Shaanxi Nan Lu Project;


(Crappy cell phone camera)
image hosted on flickr
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Old July 4th, 2009, 10:06 PM   #1009
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Any render of the 198m twins in Putuo?
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Old July 4th, 2009, 10:16 PM   #1010
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Didn't you post one like two weeks ago?

They are 195,5m tall btw, not 198m.
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Old July 4th, 2009, 10:27 PM   #1011
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Firm's ignorance led to toppling of Shanghai building, report says
4 July 2009
South China Morning Post

An official investigation into the collapse of an unfinished building in Shanghai has said that the accident was due to the construction company's "ignorance", rather than flaws in the design or building materials.

However, the report stopped short of apportioning blame,, and has been criticised for failing to address key issues.

One construction worker died when the 13-storey apartment block in Minhang district toppled at around 5.30am last Saturday.

The case has gripped Shanghai, particularly after local Communist Party officials were linked to key shareholders in Shanghai Meidu Property Development, the company behind the complex.

The Ministry of Housing and Urban-Rural Development has issued an emergency call for a nationwide inspection of building sites in the wake of the accident, China News Service reported yesterday.

Nine people in Shanghai have been placed "under control" in relation to the accident, and Meidu's bank accounts were frozen earlier this week, following demands for refunds from owners of more than 400 flats in the development.

The report said the collapse was caused by earth, excavated to make a 4.6-metre deep pit for an underground car park alongside the building, being piled to depths of up to 10 metres on the other side of the structure. The weight of the pile created a "pressure differential" which led to a shift in the soil structure, eventually weakening the foundations and causing them to fail.

This situation "may" have been aggravated by several days of heavy rain leading up to the collapse, but investigators would not say whether this was a crucial factor.

The report said the construction company - Shanghai Zhongxin Construction - "did not consider clearly" that the earth pile could have such a devastating effect.

Investigators stopped short of saying whether the company's errors were negligent or easily avoidable.

However, they stressed that the building's foundations and construction materials all complied with the city's building regulations.

Huang Rong , director of the Shanghai Urban Construction and Communications Council, said inspections had shown that none of the remaining 10 apartment blocks was in immediate danger. "The surrounding buildings are now stable," he said. "The safety inspection of these homes will be the second phase of our professional team's work."

Jiang Huancheng , an architect and a lead investigator for the report, said it had been an "enormous shock" to see the site for the first time. "In my 46 years in the industry, I have never seen or heard of this," he said. "To put it simply this was ignorance leading to rashness. We need to take this accident as an important lesson {hellip} and ensure that it does not happen again."

Several days before the release of the report, Wu Hang , Mr Jiang's assistant, accused the construction company of incompetence and lacking "common sense".

Mr Wu said the investigation had found there had been no structures to support the walls of the car park pit, and this had been a key factor contributing to the accident.
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Old July 4th, 2009, 10:28 PM   #1012
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Another 南京西路1788号 render:

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Old July 5th, 2009, 01:48 PM   #1013
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nice, 198m twin!!!!
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Old July 7th, 2009, 06:34 AM   #1014
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Nine (9!) new tunnels will be built below the Huangpu river.


http://www.shanghaidaily.com/sp/arti...cle_406588.htm
Quote:
9 new Huangpu tunnels on way

By Dong Zhen | 2009-7-7 | NEWSPAPER EDITION

SHANGHAI plans to build at least another nine tunnels across the Huangpu River after the 2010 World Expo to enhance traffic links, especially to downtown areas.

The city engineering administration made the announcement yesterday as it unveiled plans to close Shanghai's oldest river tunnel this weekend for a major facelift.

The pace of tunnel construction will not take a break after Expo.

"The government has decided to construct at least nine new vehicle tunnels across the Huangpu River after Expo to further enhance cross-river traffic, especially in downtown zones," Shang Guoping, an official with the Shanghai Engineering Administration, said yesterday.

All tunnels would be built inside the Outer Ring Road.

While exact locations had not yet been selected by the government, Shang said future tunnels would mostly be built in the northern and southern sections of the city.

"Compared to the central part of the city, the northern and southern areas are still lacking in cross-river passages," Shang said.

He said some of the tunnels may be built on northern Nenjiang Road, Zhoujiazui Road, Jiangpu Road and Yinhang Road, and on Wanping Road, Lujiabang Road and Luoxiu Road in the south.
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Old July 7th, 2009, 11:34 AM   #1015
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Another 南京西路1788号 render:

My new place is right across from this disappointment. I get to watch it rise.
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Old July 7th, 2009, 01:08 PM   #1016
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that still will not solve the congestion in yan an road tunnel i dont think because of its location, right thru lu jia zui to ppl's square
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Old July 7th, 2009, 04:24 PM   #1017
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China Unicom to Build 3G Network in Shanghai with CNY20bn

SHANGHAI, July 7, SinoCast -- China Unicom (Hong Kong) Ltd. (NYSE: CHU; SEHK: 0762; SHSE: 600050) will pour CNY 20 billion to build a 3G network in Shanghai in the future three years.

The leading Chinese mobile carrier inked a framework agreement with the local government on July 6, 2009, according to which both sides will cooperate in terms of telecommunications infrastructure construction, employment, World Expo communications, industrial upgrade, and service quality improvement.

CNY 800 million will be used to construct and optimize Shanghai's WCDMA network in a bid to provide fluent communications during the World Expo that will be held locally in 2010.

China Unicom will increase job opportunities through equipment manufacturing, project construction, network operation and management, and business outsourcing, cooperation and agency.

Meanwhile, the company will adhere to its tenet - to provide optical network access to buildings within the territories of Shanghai and build the optical network connected to houses in some regions.

China Unicom will also provide services for customers to make dinner and room reservation through mobile phones, promote sights on the Internet, and protect public security via video surveillance.
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Old July 8th, 2009, 06:32 PM   #1018
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Shanghai to offer incentives
8 July 2009
SCMP

Shanghai plans to offer land at below market price to lure developers into speeding up the development of Lingang New City in Pudong.

A master plan for the new city, strategically located near the Pudong International Airport and part of Yangshan Port, envisages an investment of 22.5 billion yuan (HK$25.52 billion).

To lure cash-rich investors, the Lingang New City government will offer incentives to accelerate the development of the 300 square kilometre purpose-built city.

According to sources, the government will offer land at below market prices on condition that the property firms undertake to sell the completed buildings to multinational corporations at discounted prices.

It hopes this will help attract big-name companies to relocate their headquarters or other key facilities to Lingang from other parts of the mainland or the world.

Under the master plan, the main city area will house the financial, business, education, travel, leisure and residential sectors.

The initial population will be 350,000 and will increase to 800,000 when the development is completed in 2020.

But Shanghai faces competition from other cities also intent on attracting foreign firms.

John Yip Ying-chee, an executive director of Henderson Land Development, said other coastal provinces such as Jiangsu and Liaoning had approached the firm to make a field trip to sites set aside for the development of proposed new cities and port developments.

These cities had similar plans for their development, said Mr Yip, citing as an example the port of Nantong on the lower Yangtze River which was looking for foreign investors for port and logistics-related development.

In Dalian, Lioaning, the city government said in early 2007 it planned to develop Changxing Island to rejuvenate the old industry bases of northeast China and bolster foreign economic ties.

This included building a satellite town in Dalian with a population of 500,000 in 15 years in a bid to become a major component port serving international shipping centres.

Investors banking on Shanghai to position itself as an international finance centre and shipping hub by 2020 should therefore take a long-term view, said Mr Yip.

"As an investor, we will ask for more incentives in the early stages of development in order to minimise our risk," he said. "The decision will be determined by the attractiveness of the preferential terms to be offered by the local governments.

"But we will study all the proposals to see how we can participate."

Singapore-listed Yanlord Land Group said it would look into the latest Shanghai land proposal.

"We also want to contribute to the development of Yangshan Port as it is a key project in Shanghai," said Michelle Sze, the head of investor relations at Yanlord.

The company would also be interested in participating in the residential development projects in the area since this was its area of expertise, Ms Sze said.
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Old July 8th, 2009, 07:52 PM   #1019
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Investors Warm Up To Shanghai's Property Invest Market
6 July 2009

SHANGHAI (Dow Jones)--Investors are gradually warming up to Shanghai's large-size property investment market after staying on the sidelines for about a year on rebounding home sales, property prices and China's still loose monetary policy.

Real estate agencies say, however, that the make-up of potential buyers are largely Asian such as domestic investors with Chinese government backing or rich Asian families, replacing Western investment houses that had long dominated the market.

Residential and retail properties are among the most favored property for these investors and the number of transactions closed in China's largest and most vibrant property investment market may rise to close to 10 in the second half of this year, compared with one to two deals closed in the January-June period, they say.

'With the expected improvement of both the domestic and global economic environment, the second half of this year is expected to see more and more investors coming back,' said CB Richard Ellis Group Inc. in a report, noting that a number of deals are currently being negotiated in the market.

Albert Lau, managing director at Savills Property Services (Shanghai) Co., said Shanghai's investment property market has stabilized as sentiment is improving and sellers are ready to give discounts.

'Plus, China's economy is still clearly stronger than most other countries. The (China) platform still appears to be one of the more solid ones from an investment point of view,' Lau said.

The research bureau of the People's Bank of China said Friday China's economy likely grew more than 7%, or even 7.5%, in the second quarter from the same period last year, and is likely to improve further in the second half. The country's gross domestic product growth fell to 6.1% in the first quarter from a year earlier.

Meanwhile, government data show overall property sales by floor area in the first five months of this year rose 25.5% from a year earlier, while property prices began to rise in some cities.

Shanghai's property investment market slowed to a crawl in the past 12 months with less than five deals closed, a far cry from around three dozen deals in the year earlier period, analysts say. Foreign investors, led by real-estate funds at global investment banks such as Morgan Stanley (MS), Goldman Sachs Group Inc. (GS) and Macquarie Group Ltd. (MQG.AU), not only stopped buying but tried to sell property holdings to repatriate funds, they said.

A number of large-scale developments, including two luxury hotels in downtown Shanghai co-invested by Hong Kong-based Shui On Group and entrepreneur Leo Koguan, were halted or construction was postponed last year because of the financial crisis.

But after regrouping for a year, investors began to sniff around for deals in the second quarter, said Stephen Chen, CBRE's senior director of investment properties China.

'For a period, everybody stopped and nobody did anything,' Chen said. 'And then all of a sudden people are coming back,' adding it may still take a few months before buyers and sellers are able to execute transactions.

Chinese companies with offshore entities in Hong Kong or elsewhere are in a good position to snap up deals because many of them have strong government backing, are rich with cash and can with relative ease buy property held by either local or foreign entities, bypassing China's cumbersome foreign exchange control, he said.

'They (Chinese companies) have the capability to arrange financing through local and foreign sources,' he said. 'In this market if you have the money you will be the boy in the candy store alone.'

Betty Wong, director of investment services for East China at Colliers International, said private funds pooled together by several cash-rich families also have become active.

In the past, these family funds were often outbid by foreign fund managers willing to offer high prices and close deals quickly.

'Now that those aggressive players are mostly gone, or at least not in the buying mode any more, these family funds are becoming much more competitive,' Wong said.

Local English newspaper Shanghai Daily reported in May Stanley Ho, the Macau gambling billionaire, is co-investing $500 million with LVMH Moet Hennessy Louis Vuitton (LVMUY) to build a major commercial complex in Shanghai.

But most of the families are little known to the public world, Wong said.

Foreign investors aren't completely missing in action, real estate agencies said.

While funds operated by large investment banks are keeping a low profile, private equity funds that have a relatively strong cash position such as Blackstone Group L.P., TPG Inc. and Carlyle Group L.P., are hunting for deals.

'They are definitely looking eagerly, but most can't get the kind of discounts they want,' a director at one of the real estate firms said.
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Old July 8th, 2009, 08:19 PM   #1020
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First cross-river tunnel to be closed for reconstruction
7 July 2009
Copyright 2009 China Daily Information Company. All Rights Reserved.

China's first cross-river tunnel, Dapu Tunnel in the eastern metropolis of Shanghai, will be closed on July 10 for massive reconstruction, the Shanghai municipal government said on July 6.

The 2.7-km-long tunnel, built in 1965, bridges the east and west banks of Huangpu River which divides the city in half.

The tunnel lies in the core of Shanghai 2010 Expo site. The reconstruction is expected to end next March before the opening of the Expo on May 1.

It is initially designed with a two-way traffic flow of 670 vehicles per hour. After two renovations - -one in 1989 and the other in 2004, now 2,587 vehicles run through it in every sixty minutes.

The reconstruction project will improve the tunnel's ventilation conditions, road surface and replace outdated or failing equipments.

After reconstruction, it will be shifted from a two-way tunnel to an east-to-west single-way tunnel. Dapu tunnel, together with a second tunnel being built 12 meters to its west, will form a four-lane two-way transportation system.

The troubles caused by the enclosure of Dapu tunnel for the commuters could be offset by the newly built South Xizang Road tunnel and the second phase of Shanghai Subway Line 8, which opened on July 5, the local government said.
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